AT&T Inc. (NYSE:T)’s share price hit a new 52-week low on Thursday . The company traded as low as $35.62 and last traded at $35.63, with a volume of 36,476,674 shares traded. The stock had previously closed at $36.57.

T has been the subject of several recent research reports. Royal Bank Of Canada reiterated a “hold” rating and set a $42.00 price target on shares of AT&T in a report on Sunday, July 9th. Vetr upgraded AT&T from a “buy” rating to a “strong-buy” rating and set a $41.56 price target for the company in a report on Monday, July 10th. Zacks Investment Research downgraded AT&T from a “hold” rating to a “sell” rating in a report on Thursday, July 13th. Moffett Nathanson upgraded AT&T from a “sell” rating to a “neutral” rating in a report on Tuesday, May 30th. They noted that the move was a valuation call. Finally, BidaskClub upgraded AT&T from a “strong sell” rating to a “sell” rating in a report on Monday, July 31st. One analyst has rated the stock with a sell rating, twenty have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. AT&T currently has a consensus rating of “Hold” and an average target price of $43.41.

The stock has a 50 day moving average price of $37.81 and a 200 day moving average price of $39.16. The company has a market cap of $218.58 billion, a price-to-earnings ratio of 16.73 and a beta of 0.49.

AT&T (NYSE:T) last released its quarterly earnings results on Tuesday, July 25th. The technology company reported $0.79 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.74 by $0.05. AT&T had a return on equity of 14.53% and a net margin of 8.12%. The business had revenue of $39.84 billion during the quarter, compared to analyst estimates of $39.84 billion. During the same quarter in the previous year, the company posted $0.72 earnings per share. AT&T’s revenue for the quarter was down 1.6% on a year-over-year basis. Equities analysts expect that AT&T Inc. will post $2.94 earnings per share for the current fiscal year.

Several institutional investors have recently made changes to their positions in the company. Intl Fcstone Inc. lifted its position in shares of AT&T by 103.1% in the second quarter. Intl Fcstone Inc. now owns 126,613 shares of the technology company’s stock valued at $4,777,000 after acquiring an additional 64,258 shares in the last quarter. Griffin Asset Management Inc. purchased a new position in shares of AT&T in the second quarter valued at about $4,172,000. Gs Investments Inc. purchased a new position in shares of AT&T in the second quarter valued at about $804,000. Aldebaran Financial Inc. lifted its position in shares of AT&T by 25.4% in the second quarter. Aldebaran Financial Inc. now owns 100,423 shares of the technology company’s stock valued at $3,789,000 after acquiring an additional 20,331 shares in the last quarter. Finally, McAdam LLC lifted its position in shares of AT&T by 8.3% in the second quarter. McAdam LLC now owns 11,332 shares of the technology company’s stock valued at $428,000 after acquiring an additional 872 shares in the last quarter. Institutional investors and hedge funds own 55.01% of the company’s stock.

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About AT&T

AT&T Inc is a holding company. The Company is a provider of communications and digital entertainment services in the United States and the world. The Company operates through four segments: Business Solutions, Entertainment Group, Consumer Mobility and International. The Company offers its services and products to consumers in the United States, Mexico and Latin America and to businesses and other providers of telecommunications services worldwide.