19,377 Shares in AT&T Inc. (NYSE:T) Bought by Symmetry Partners LLC

Symmetry Partners LLC bought a new position in shares of AT&T Inc. (NYSE:T) during the 4th quarter, HoldingsChannel reports. The firm bought 19,377 shares of the technology company’s stock, valued at approximately $441,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Legacy Investment Solutions LLC purchased a new position in AT&T during the 3rd quarter worth $25,000. Marshall Investment Management LLC purchased a new stake in AT&T during the 4th quarter valued at about $28,000. Tradewinds Capital Management LLC grew its stake 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 valued at $30,000 after purchasing an additional 430 shares during the last quarter. YANKCOM Partnership purchased a new stake in AT&T during the 4th quarter valued at about $30,000. Finally, Endeavor Private Wealth Inc. purchased a new stake in AT&T during the 4th quarter valued at about $34,000. 57.10% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

T has been the topic of several research analyst reports. JPMorgan Chase & Co. boosted their price target on AT&T from $25.00 to $28.00 and gave the company an “overweight” rating in a research note on Wednesday, December 4th. New Street Research upgraded AT&T from a “neutral” rating to a “buy” rating in a research note on Tuesday, December 3rd. Morgan Stanley upgraded AT&T from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $19.00 to $28.00 in a research note on Monday, December 16th. Argus upgraded AT&T from a “hold” rating to a “buy” rating and set a $27.00 price target on the stock in a research note on Thursday, January 16th. Finally, Citigroup boosted their price target on AT&T from $26.00 to $28.00 and gave the company a “buy” rating in a research note on Wednesday, December 4th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, AT&T presently has an average rating of “Moderate Buy” and a consensus price target of $26.79.

AT&T Stock Performance

NYSE T opened at $26.85 on Thursday. The stock has a market capitalization of $192.75 billion, a price-to-earnings ratio of 18.02, a PEG ratio of 3.00 and a beta of 0.56. AT&T Inc. has a twelve month low of $15.94 and a twelve month high of $27.97. The company has a current ratio of 0.66, a quick ratio of 0.62 and a debt-to-equity ratio of 1.00. The stock has a 50-day moving average of $24.93 and a 200 day moving average of $23.20.

AT&T (NYSE:T) last released its quarterly earnings results on Monday, January 27th. The technology company reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.06. AT&T had a return on equity of 13.97% and a net margin of 8.95%. Sell-side analysts anticipate that AT&T Inc. will post 2.14 EPS for the current fiscal 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.