AT&T Inc. (NYSE:T) Stake Lifted by Creative Financial Designs Inc. ADV

Creative Financial Designs Inc. ADV increased its stake in shares of AT&T Inc. (NYSE:T) by 30.0% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 52,896 shares of the technology company’s stock after acquiring an additional 12,198 shares during the period. Creative Financial Designs Inc. ADV’s holdings in AT&T were worth $1,204,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in T. Legacy Investment Solutions LLC acquired a new position in AT&T during the 3rd quarter worth $25,000. Marshall Investment Management LLC acquired a new position in AT&T during the 4th quarter worth $28,000. YANKCOM Partnership acquired a new position in AT&T during the 4th quarter worth $30,000. Tradewinds Capital Management LLC boosted its position in AT&T by 48.6% during the 4th quarter. Tradewinds Capital Management LLC now owns 1,314 shares of the technology company’s stock worth $30,000 after acquiring an additional 430 shares during the period. Finally, Endeavor Private Wealth Inc. acquired a new position in AT&T during the 4th quarter worth $34,000. 57.10% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

T has been the subject of a number of analyst reports. New Street Research upgraded AT&T from a “neutral” rating to a “buy” rating in a research report on Tuesday, December 3rd. BNP Paribas upgraded AT&T from a “neutral” rating to an “outperform” rating and set a $28.50 price objective for the company in a report on Thursday, February 13th. Morgan Stanley upgraded AT&T from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $19.00 to $28.00 in a report on Monday, December 16th. Barclays upped their price objective on AT&T from $24.00 to $27.00 and gave the company an “overweight” rating in a report on Wednesday, December 4th. Finally, Oppenheimer began coverage on AT&T in a report on Tuesday, December 10th. They issued an “outperform” rating and a $28.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, AT&T has a consensus rating of “Moderate Buy” and a consensus target price of $26.74.

AT&T Stock Up 1.1 %

Shares of AT&T stock opened at $26.87 on Tuesday. The stock’s fifty day moving average is $24.75 and its 200-day moving average is $23.13. The firm has a market capitalization of $192.86 billion, a PE ratio of 18.03, a price-to-earnings-growth ratio of 3.00 and a beta of 0.56. The company has a quick ratio of 0.62, a current ratio of 0.66 and a debt-to-equity ratio of 1.00. AT&T Inc. has a 12-month low of $15.94 and a 12-month high of $27.97.

AT&T (NYSE:T) last announced 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%. Equities analysts anticipate that AT&T Inc. will post 2.14 earnings per share for the current year.

AT&T Profile

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.