AT&T Inc (NYSE:T).
Thomaspartners, Inc. says it bought 248,751 shares last quarter increasing its holdings in AT&T Inc by 4.1%. Its stake was valued at $248,695,000 an increase of 8.0% as of quarter end.
Several firms have updated their holdings. Tredje Ap-fonden trimmed its investment by shedding 63,038 shares a decrease of 12.1% from 06/30/2017 to 09/30/2017. Tredje Ap-fonden claims 456,449 shares with a value of $17,879,000. The total value of its holdings decreased 8.8%. As of the end of the quarter Agf Investments Inc. had disposed of a total of 169,789 shares trimming its position 12.9%. The value of the investment in (T) went from $45,480,000 to $41,251,000 decreasing 9.3% for the reporting period.
As of quarter end Baird Financial Group, Inc. had bought 141,289 shares growing its holdings by 5.2%. The value of the company’s investment in AT&T Inc increased from $102,597,000 to $112,047,000 a change of 9.2% since the last quarter.
On November 10 Canaccord Genuity held the company rating at “Buy” projecting a price of $51.00. Equity analyst Citigroup raised the price target of the stock on November 10 changing the price objective from $52.00 to $54.00 and issued a “Buy” recommendation.
On November 8 analysts at Standpoint Research updated guidance on T with a rating of “Buy”. October 27 investment analysts at SunTrust Banks kept the stock rating at “Hold” with a current price target of $36.00.
Deutsche Bank AG lowered the price target on October 25 cutting the projection from $41.00 to $38.00 with a rating of “Hold”. October 25 investment analysts at Oppenheimer Holdings reiterated a “Hold” rating on the stock.
The company is trading up since yesterday’s close of 33.72. The P/E ratio is 16.32 and market cap is 208.42B. In the last earnings report the EPS was $2.08 with 6.14B shares outstanding.
Traders are feeling more bearish on shares of AT&T Inc lately if you take a look at the increase in short interest. The firm saw a rise in short interest from October 13, 2017 to October 31, 2017 of 23.04%. Short shares grew 43,644,315 over that period. With short interest at 233,079,658 and short average daily volume at 43,772,856, the short-interest ratio is 5.0 and the percentage of shorted shares was 0.04% on October 31.