Traders purchased shares of AT&T Inc. (NYSE:T) on weakness during trading hours on Tuesday. $130.93 million flowed into the stock on the tick-up and $87.20 million flowed out of the stock on the tick-down, for a money net flow of $43.73 million into the stock. Of all stocks tracked, AT&T had the 8th highest net in-flow for the day. AT&T traded down ($0.10) for the day and closed at $39.96

T has been the subject of a number of recent research reports. Robert W. Baird reiterated a “neutral” rating and set a $41.00 price objective on shares of AT&T in a research note on Tuesday, June 28th. Citigroup Inc. downgraded AT&T from a “buy” rating to a “neutral” rating and boosted their price objective for the company from $42.00 to $46.00 in a research note on Thursday, July 7th. They noted that the move was a valuation call. Zacks Investment Research downgraded AT&T from a “buy” rating to a “hold” rating in a research note on Monday, July 25th. FBR & Co boosted their price objective on AT&T from $38.00 to $42.00 and gave the company a “market perform” rating in a research note on Friday, July 22nd. Finally, Buckingham Research downgraded AT&T from a “buy” rating to a “neutral” rating and boosted their price objective for the company from $30.97 to $39.56 in a research note on Friday, June 24th. They noted that the move was a valuation call. Two analysts have rated the stock with a sell rating, ten have given a hold rating and sixteen have given a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $41.59.

The company has a market cap of $245.83 billion, a P/E ratio of 17.23 and a beta of 0.28. The firm’s 50 day moving average price is $41.47 and its 200 day moving average price is $40.35.

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AT&T (NYSE:T) last released its quarterly earnings data on Thursday, July 21st. The company reported $0.72 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.72. The company had revenue of $40.50 billion for the quarter, compared to analyst estimates of $40.75 billion. AT&T had a return on equity of 13.93% and a net margin of 8.76%. On average, analysts expect that AT&T Inc. will post $2.86 EPS for the current year.

In other AT&T news, CEO John T. Stankey sold 2,131 shares of the business’s stock in a transaction on Friday, July 22nd. The stock was sold at an average price of $43.38, for a total transaction of $92,442.78. Following the transaction, the chief executive officer now owns 13,583 shares of the company’s stock, valued at $589,230.54. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.07% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in the company. Family Firm Inc. raised its position in shares of AT&T by 0.5% in the second quarter. Family Firm Inc. now owns 7,536 shares of the company’s stock valued at $326,000 after buying an additional 35 shares during the period. Delphi Private Advisors LLC raised its position in shares of AT&T by 0.9% in the second quarter. Delphi Private Advisors LLC now owns 5,074 shares of the company’s stock valued at $219,000 after buying an additional 44 shares during the period. Cornerstone Investment Partners LLC raised its position in shares of AT&T by 0.6% in the second quarter. Cornerstone Investment Partners LLC now owns 9,554 shares of the company’s stock valued at $413,000 after buying an additional 54 shares during the period. Capital Asset Advisory Services LLC raised its position in shares of AT&T by 0.6% in the first quarter. Capital Asset Advisory Services LLC now owns 9,901 shares of the company’s stock valued at $388,000 after buying an additional 60 shares during the period. Finally, Cohen Lawrence B raised its position in shares of AT&T by 0.4% in the second quarter. Cohen Lawrence B now owns 13,585 shares of the company’s stock valued at $587,000 after buying an additional 60 shares during the period. 53.66% of the stock is currently owned by institutional investors.

AT&T Company Profile

AT&T Inc is a holding company. The Company offers communications and digital entertainment services in the United States and the world. It operates through four segments: Business Solutions, Entertainment Group, Consumer Mobility and International. The Business Solutions segment includes various categories, including wireless service, fixed strategic services, legacy voice and data services, other services and wireless equipment.

5 Day Chart for NYSE:T

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