Traders bought shares of AT&T Inc. (NYSE:T) on weakness during trading hours on Tuesday. $219.04 million flowed into the stock on the tick-up and $134.33 million flowed out of the stock on the tick-down, for a money net flow of $84.71 million into the stock. Of all stocks tracked, AT&T had the 10th highest net in-flow for the day. AT&T traded down ($0.08) for the day and closed at $31.86

A number of research firms recently commented on T. Raymond James downgraded AT&T from an “outperform” rating to a “market perform” rating and set a $31.75 target price on the stock. in a research report on Friday, July 13th. Zacks Investment Research upgraded AT&T from a “hold” rating to a “buy” rating and set a $35.00 target price on the stock in a research report on Tuesday, July 17th. JPMorgan Chase & Co. began coverage on AT&T in a research report on Tuesday, June 19th. They issued a “neutral” rating and a $36.00 target price on the stock. ValuEngine downgraded AT&T from a “sell” rating to a “strong sell” rating in a research report on Saturday, June 2nd. Finally, Jefferies Financial Group downgraded AT&T from a “buy” rating to a “hold” rating and decreased their target price for the stock from $39.80 to $31.17 in a research report on Thursday, June 7th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $38.21.

The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.92. The stock has a market cap of $196.08 billion, a PE ratio of 10.43, a P/E/G ratio of 2.53 and a beta of 0.40.

AT&T (NYSE:T) last issued its quarterly earnings data on Tuesday, July 24th. The technology company reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.85 by $0.06. AT&T had a return on equity of 13.64% and a net margin of 20.12%. The business had revenue of $38.99 billion for the quarter, compared to the consensus estimate of $38.45 billion. During the same period in the prior year, the business posted $0.79 earnings per share. The company’s quarterly revenue was down 2.1% compared to the same quarter last year. analysts forecast that AT&T Inc. will post 3.54 EPS for the current fiscal year.

In other AT&T news, Director Matthew K. Rose purchased 65,500 shares of AT&T stock in a transaction dated Thursday, July 26th. The shares were purchased at an average cost of $30.51 per share, for a total transaction of $1,998,405.00. Following the completion of the acquisition, the director now owns 81,319 shares in the company, valued at approximately $2,481,042.69. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Piazza Samuel A. Jr. Di purchased 7,690 shares of AT&T stock in a transaction dated Wednesday, August 8th. The stock was acquired at an average price of $32.48 per share, for a total transaction of $249,771.20. Following the completion of the acquisition, the director now owns 31,405 shares of the company’s stock, valued at approximately $1,020,034.40. The disclosure for this purchase can be found here. Corporate insiders own 0.09% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the company. BlackRock Inc. grew its stake in AT&T by 2.8% in the first quarter. BlackRock Inc. now owns 387,352,856 shares of the technology company’s stock worth $13,809,130,000 after purchasing an additional 10,535,763 shares in the last quarter. Newport Trust Co grew its stake in AT&T by 1.5% in the second quarter. Newport Trust Co now owns 204,091,273 shares of the technology company’s stock worth $6,553,371,000 after purchasing an additional 3,055,174 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in AT&T by 17.0% in the second quarter. Dimensional Fund Advisors LP now owns 82,556,205 shares of the technology company’s stock worth $2,650,940,000 after purchasing an additional 11,990,755 shares in the last quarter. Bank of New York Mellon Corp grew its stake in AT&T by 21.2% in the second quarter. Bank of New York Mellon Corp now owns 72,724,434 shares of the technology company’s stock worth $2,335,182,000 after purchasing an additional 12,709,982 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in AT&T by 3.0% during the 4th quarter. Geode Capital Management LLC now owns 64,798,924 shares of the technology company’s stock valued at $2,514,091,000 after acquiring an additional 1,865,377 shares in the last quarter. Hedge funds and other institutional investors own 64.72% of the company’s stock.

About AT&T (NYSE:T)

AT&T Inc provides communications and digital entertainment services. The company operates through four segments: Business Solutions, Entertainment Group, Consumer Mobility, and International. The Business Solutions segment offers wireless services, strategic services, legacy voice, data services, wireless equipment, and other services to multinational companies, governmental and wholesale customers, and individual subscribers.

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