AT&T (NYSE:T – Get Rating) had its price objective cut by Barclays from $20.00 to $18.00 in a research note released on Thursday morning, The Fly reports. They currently have an equal weight rating on the technology company's stock.

A number of other analysts also recently commented on the company. Truist Financial dropped their price objective on AT&T to $21.00 in a report on Friday, July 22nd. Wolfe Research lowered their price target on AT&T from $27.00 to $22.00 and set a peer perform rating for the company in a report on Thursday, June 2nd. Cowen lowered their price target on AT&T from $27.00 to $24.00 and set a market perform rating for the company in a report on Friday, July 22nd. Wells Fargo & Company lowered their price target on AT&T to $22.00 in a report on Friday, July 22nd. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on AT&T from $24.00 to $22.00 in a report on Friday, July 22nd. Eleven equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of Hold and a consensus target price of $23.29.

AT&T Price Performance

Shares of NYSE:T opened at $15.53 on Thursday. The business's 50 day simple moving average is $17.55 and its 200-day simple moving average is $19.78. The firm has a market capitalization of $110.67 billion, a price-to-earnings ratio of 5.71, a price-to-earnings-growth ratio of 1.86 and a beta of 0.48. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.70 and a quick ratio of 0.64. AT&T has a 12 month low of $15.41 and a 12 month high of $21.53.

Institutional Investors Weigh In On AT&T

Several hedge funds have recently added to or reduced their stakes in the business. GSA Capital Partners LLP bought a new stake in shares of AT&T in the 4th quarter valued at $209,000. PDT Partners LLC bought a new stake in shares of AT&T in the 4th quarter valued at $3,692,000. Caisse DE Depot ET Placement DU Quebec increased its stake in shares of AT&T by 35.2% in the 4th quarter. Caisse DE Depot ET Placement DU Quebec now owns 13,822,284 shares of the technology company's stock valued at $340,028,000 after acquiring an additional 3,599,900 shares in the last quarter. Adage Capital Partners GP L.L.C. increased its stake in shares of AT&T by 3.5% in the 4th quarter. Adage Capital Partners GP L.L.C. now owns 7,559,439 shares of the technology company's stock valued at $185,962,000 after acquiring an additional 255,400 shares in the last quarter. Finally, 626 Financial LLC bought a new stake in shares of AT&T in the 4th quarter valued at $220,000. 52.88% of the stock is currently owned by institutional investors and hedge funds.

About AT&T

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AT&T Inc provides telecommunications, media, and technology services worldwide. Its Communications segment offers wireless voice and data communications services; and sells handsets, wireless data cards, wireless computing devices, and carrying cases and hands-free devices through its own company-owned stores, agents, and third-party retail stores.

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