2 weeks Ago By ABMN Staff
Invst LLC decreased its position in shares of AT&T Inc. ( NYSE:T – Free Report ) by 2.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC).
The firm owned 46,385 shares of the technology company’s stock after selling 993 shares during the period. Invst LLC’s holdings in AT&T were worth $880,000 at the end of the most recent quarter. A number of other hedge funds and other institutional investors also recently modified their holdings of the company.
Riggs Asset Managment Co. Inc. increased its position in AT&T by 356.
5% during the second quarter. Riggs Asset Managment Co. Inc.
now owns 1,429 shares of the technology company’s stock worth $27,000 after acquiring an additional 1,116 shares during the period. Pineridge Advisors LLC acquired a new position in shares of AT&T during the 4th quarter worth approximately $25,000. Frank Rimerman Advisors LLC acquired a new stake in shares of AT&T in the fourth quarter valued at approximately $25,000.
American Capital Advisory LLC boosted its stake in shares of AT&T by 107.5% in the second quarter. American Capital Advisory LLC now owns 1,558 shares of the technology company’s stock valued at $30,000 after buying an additional 807 shares during the period.
Finally, Altshuler Shaham Ltd acquired a new stake in AT&T during the second quarter worth approximately $30,000. Institutional investors and hedge funds own 57.10% of the company’s stock.
Wall Street Analysts Forecast Growth Several research firms have recently issued reports on T. TD Cowen increased their target price on AT&T from $21.00 to $23.
00 and gave the stock a “hold” rating in a report on Thursday, July 25th. Royal Bank of Canada raised their target price on shares of AT&T from $18.00 to $19.
00 and gave the company a “sector perform” rating in a report on Thursday, July 25th. Tigress Financial increased their price target on shares of AT&T from $29.00 to $30.
00 and gave the stock a “buy” rating in a research report on Friday. BNP Paribas upgraded shares of AT&T from an “underperform” rating to a “neutral” rating in a research report on Tuesday, June 11th. Finally, Moffett Nathanson raised their target price on AT&T from $17.
00 to $18.00 and gave the company a “neutral” rating in a report on Thursday, August 15th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and ten have given a buy rating to the company’s stock.
According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $22.38.
AT&T Stock Up 1.2 % Shares of NYSE T opened at $21.90 on Monday.
The company has a 50 day simple moving average of $20.15 and a 200 day simple moving average of $18.51.
The company has a debt-to-equity ratio of 1.05, a current ratio of 0.70 and a quick ratio of 0.
66. AT&T Inc. has a 1 year low of $14.
12 and a 1 year high of $22.34. The firm has a market cap of $157.
03 billion, a PE ratio of 11.77, a price-to-earnings-growth ratio of 3.68 and a beta of 0.
59. AT&T ( NYSE:T – Get Free Report ) last released its quarterly earnings results on Wednesday, July 24th. The technology company reported $0.
57 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.57. AT&T had a net margin of 10.
41% and a return on equity of 14.16%. The firm had revenue of $29.
80 billion during the quarter, compared to the consensus estimate of $30.05 billion. During the same quarter last year, the firm earned $0.
63 earnings per share. The company’s revenue for the quarter was down .3% on a year-over-year basis.
On average, research analysts forecast that AT&T Inc. will post 2.2 EPS for the current year.
AT&T Profile ( Free Report ) AT&T Inc provides telecommunications and technology services worldwide. The company operates through two segments, Communications and Latin America. The Communications segment offers wireless voice and data communications services; and sells handsets, wireless data cards, wireless computing devices, carrying cases/protective covers, and wireless chargers through its own company-owned stores, agents, and third-party retail stores.
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