AT&T (NYSE:T) Stock Price Up 0.8% – Should You Buy?

Shares of AT&T Inc. (NYSE:T) shot up 0.8% during mid-day trading on Friday . The company traded as high as $26.37 and last traded at $26.30. 7,353,380 shares were traded during mid-day trading, a decline of 82% from the average session volume of 41,439,891 shares. The stock had previously closed at $26.09.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on T. BNP Paribas raised shares of AT&T from a “neutral” rating to an “outperform” rating and set a $28.50 price target on the stock in a research report on Thursday, February 13th. Royal Bank of Canada raised their target price on AT&T from $26.00 to $27.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 28th. DZ Bank raised AT&T from a “hold” rating to a “buy” rating and set a $27.00 price target on the stock in a research note on Wednesday, January 29th. Tigress Financial increased their price target on AT&T from $30.00 to $32.00 and gave the stock a “buy” rating in a report on Tuesday, February 4th. Finally, UBS Group boosted their price objective on shares of AT&T from $25.00 to $30.00 and gave the company a “buy” rating in a report on Thursday, December 19th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, AT&T currently has a consensus rating of “Moderate Buy” and an average price target of $26.74.

AT&T Price Performance

The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.62 and a current ratio of 0.66. The company has a 50-day moving average of $24.59 and a 200-day moving average of $22.98. The stock has a market capitalization of $190.33 billion, a price-to-earnings ratio of 17.80, a P/E/G ratio of 3.00 and a beta of 0.56.

AT&T (NYSE:T) last issued its quarterly earnings results on Monday, January 27th. The technology company reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.06. AT&T had a return on equity of 13.97% and a net margin of 8.95%. As a group, equities research analysts expect that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.

Hedge Funds Weigh In On AT&T

Institutional investors and hedge funds have recently bought and sold shares of the stock. Legacy Investment Solutions LLC purchased a new stake in shares of AT&T during the 3rd quarter worth about $25,000. Minot DeBlois Advisors LLC acquired a new position in shares of AT&T during the fourth quarter worth about $25,000. Capital A Wealth Management LLC purchased a new stake in shares of AT&T in the fourth quarter worth about $25,000. Putney Financial Group LLC acquired a new stake in shares of AT&T in the fourth quarter valued at about $27,000. Finally, Marshall Investment Management LLC purchased a new stake in shares of AT&T during the 4th quarter valued at about $28,000. Institutional investors and hedge funds own 57.10% of the company’s stock.

About AT&T

AT&T, Inc is a holding company, which engages in the provision of telecommunications and technology services. It operates through the Communications and Latin America segments. The Communications segment offers wireless, wireline telecom, and broadband services to businesses and consumers located in the US and businesses globally.