Guardian Partners Inc. bought a new position in AT&T Inc. (NYSE:T - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 11,655 shares of the technology company's stock, valued at approximately $259,000.
A number of other large investors have also recently made changes to their positions in T. International Assets Investment Management LLC purchased a new position in shares of AT&T in the 4th quarter valued at $14,700,000. Franklin Resources Inc. grew its stake in AT&T by 41.4% in the third quarter. Franklin Resources Inc. now owns 7,947,913 shares of the technology company's stock valued at $168,969,000 after purchasing an additional 2,326,904 shares during the last quarter. Consolidated Planning Corp grew its stake in AT&T by 7.4% in the fourth quarter. Consolidated Planning Corp now owns 320,089 shares of the technology company's stock valued at $7,288,000 after purchasing an additional 21,927 shares during the last quarter. Fortress Financial Solutions LLC bought a new position in AT&T in the fourth quarter worth about $691,000. Finally, West Family Investments Inc. lifted its position in shares of AT&T by 70.4% during the fourth quarter. West Family Investments Inc. now owns 37,961 shares of the technology company's stock valued at $864,000 after buying an additional 15,680 shares during the last quarter. 57.10% of the stock is owned by hedge funds and other institutional investors.
AT&T Price Performance
T stock traded up $0.55 during trading on Thursday, hitting $28.20. The stock had a trading volume of 42,988,037 shares, compared to its average volume of 34,388,536. AT&T Inc. has a 1-year low of $15.94 and a 1-year high of $28.41. The stock has a market cap of $202.41 billion, a price-to-earnings ratio of 18.92, a price-to-earnings-growth ratio of 3.00 and a beta of 0.56. The company's 50 day moving average price is $25.46 and its two-hundred day moving average price is $23.43. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.62 and a current ratio of 0.66.
AT&T (NYSE:T - Get Free Report) last posted its quarterly earnings data on Monday, January 27th. The technology company reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.06. AT&T had a return on equity of 13.97% and a net margin of 8.95%. On average, sell-side analysts forecast that AT&T Inc. will post 2.14 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
A number of equities research analysts have commented on T shares. Morgan Stanley upgraded AT&T from an "equal weight" rating to an "overweight" rating and increased their price target for the company from $19.00 to $28.00 in a research note on Monday, December 16th. BNP Paribas upgraded shares of AT&T from a "neutral" rating to an "outperform" rating and set a $28.50 target price for the company in a research note on Thursday, February 13th. Sanford C. Bernstein upped their price target on shares of AT&T from $28.00 to $29.00 and gave the company an "outperform" rating in a research note on Tuesday, January 28th. Barclays lifted their price objective on shares of AT&T from $24.00 to $27.00 and gave the stock an "overweight" rating in a research note on Wednesday, December 4th. Finally, Oppenheimer initiated coverage on AT&T in a research report on Tuesday, December 10th. They issued an "outperform" rating and a $28.00 target price on the stock. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, AT&T has a consensus rating of "Moderate Buy" and an average target price of $26.79.
Get Our Latest Stock Report on AT&T
AT&T Company Profile
(
Free Report)
AT&T, Inc is a holding company, which engages in the provision of telecommunications and technology services. It operates through the Communications and Latin America segments. The Communications segment offers wireless, wireline telecom, and broadband services to businesses and consumers located in the US and businesses globally.
Further Reading
Before you consider AT&T, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and AT&T wasn't on the list.
While AT&T currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering what the next stocks will be that hit it big, with solid fundamentals? Enter your email address to see which stocks MarketBeat analysts could become the next blockbuster growth stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
