Investors Buy AT&T (T) on Weakness

Traders purchased shares of AT&T (NYSE:T) on weakness during trading hours on Monday. $260.23 million flowed into the stock on the tick-up and $125.47 million flowed out of the stock on the tick-down, for a money net flow of $134.76 million into the stock. Of all equities tracked, AT&T had the 15th highest net in-flow for the day. AT&T traded down ($0.55) for the day and closed at $35.10

Several research firms have recently commented on T. HSBC raised AT&T from a “hold” rating to a “buy” rating and lifted their target price for the company from $34.90 to $41.00 in a research note on Wednesday, March 28th. Wells Fargo lowered their target price on AT&T from $48.00 to $40.00 and set an “outperform” rating for the company in a research note on Friday, March 23rd. Vetr raised AT&T from a “buy” rating to a “strong-buy” rating and set a $39.68 target price for the company in a research note on Friday, March 23rd. Zacks Investment Research cut AT&T from a “buy” rating to a “hold” rating in a research note on Tuesday, March 13th. Finally, Guggenheim began coverage on AT&T in a research note on Tuesday, March 13th. They issued a “buy” rating and a $42.00 target price for the company. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $41.70.

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The company has a debt-to-equity ratio of 0.89, a current ratio of 0.97 and a quick ratio of 0.97. The firm has a market capitalization of $218,855.36, a price-to-earnings ratio of 11.51, a PEG ratio of 2.47 and a beta of 0.39.

AT&T (NYSE:T) last posted its earnings results on Wednesday, January 31st. The technology company reported $0.78 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.65 by $0.13. The firm had revenue of $41.68 billion for the quarter, compared to analyst estimates of $41.21 billion. AT&T had a return on equity of 14.55% and a net margin of 18.34%. The company’s revenue for the quarter was down .4% on a year-over-year basis. During the same period in the previous year, the company posted $0.66 earnings per share. equities analysts expect that AT&T will post 3.47 EPS for the current fiscal year.

In other AT&T news, CEO John Donovan bought 27,997 shares of AT&T stock in a transaction on Friday, February 9th. The shares were purchased at an average cost of $35.68 per share, for a total transaction of $998,932.96. Following the completion of the acquisition, the chief executive officer now owns 179,834 shares in the company, valued at approximately $6,416,477.12. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP John T. Stankey sold 2,307 shares of AT&T stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $39.21, for a total value of $90,457.47. Following the transaction, the executive vice president now owns 51,672 shares in the company, valued at $2,026,059.12. The disclosure for this sale can be found here. Insiders own 0.09% of the company’s stock.

Several institutional investors have recently modified their holdings of the company. Vantage Financial Partners Ltd. Inc. acquired a new stake in shares of AT&T in the second quarter valued at about $314,000. New Capital Management LP increased its position in shares of AT&T by 130.9% in the third quarter. New Capital Management LP now owns 2,646 shares of the technology company’s stock valued at $104,000 after acquiring an additional 1,500 shares during the last quarter. Financial Engines Advisors L.L.C. acquired a new stake in shares of AT&T in the third quarter valued at about $104,000. Macroview Investment Management LLC increased its position in shares of AT&T by 144.3% in the third quarter. Macroview Investment Management LLC now owns 2,700 shares of the technology company’s stock valued at $106,000 after acquiring an additional 1,595 shares during the last quarter. Finally, Earnest Partners LLC acquired a new stake in shares of AT&T in the fourth quarter valued at about $113,000. Institutional investors own 55.94% of the company’s stock.

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AT&T Company Profile

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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