Cambridge Investment Research Advisors Inc. Buys 91,688 Shares of AT&T Inc. (NYSE:T)

Cambridge Investment Research Advisors Inc. raised its holdings in AT&T Inc. (NYSE:T - Free Report) by 3.9% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,467,363 shares of the technology company's stock after buying an additional 91,688 shares during the quarter. Cambridge Investment Research Advisors Inc.'s holdings in AT&T were worth $69,777,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Keystone Financial Group grew its position in shares of AT&T by 196.3% in the 4th quarter. Keystone Financial Group now owns 216,980 shares of the technology company's stock worth $5,322,000 after buying an additional 143,744 shares during the last quarter. Capstone Wealth Management LLC bought a new stake in shares of AT&T in the 1st quarter worth approximately $201,000. World Investment Advisors grew its position in shares of AT&T by 36.4% in the 4th quarter. World Investment Advisors now owns 237,477 shares of the technology company's stock worth $5,407,000 after buying an additional 63,359 shares during the last quarter. DigitalBridge Group Inc. boosted its position in shares of AT&T by 14.6% during the fourth quarter. DigitalBridge Group Inc. now owns 2,865,814 shares of the technology company's stock valued at $65,255,000 after purchasing an additional 365,776 shares in the last quarter. Finally, West Family Investments Inc. boosted 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 purchasing an additional 15,680 shares in the last quarter. 57.10% of the stock is currently owned by institutional investors.

AT&T Trading Up 0.5%

AT&T stock opened at $27.79 on Friday. The company has a current ratio of 0.70, a quick ratio of 0.65 and a debt-to-equity ratio of 0.98. The business's fifty day simple moving average is $27.53 and its two-hundred day simple moving average is $25.80. AT&T Inc. has a 12 month low of $18.14 and a 12 month high of $29.03. The company has a market capitalization of $199.96 billion, a price-to-earnings ratio of 17.05, a price-to-earnings-growth ratio of 3.87 and a beta of 0.41.

AT&T (NYSE:T - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The technology company reported $0.51 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.01). AT&T had a return on equity of 13.63% and a net margin of 9.64%. The business had revenue of $30.63 billion during the quarter, compared to analysts' expectations of $30.39 billion. During the same quarter in the prior year, the firm earned $0.55 EPS. The firm's revenue for the quarter was up 2.0% compared to the same quarter last year. As a group, equities analysts predict that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

T has been the topic of several research reports. Royal Bank Of Canada lifted their price target on AT&T from $28.00 to $30.00 and gave the company an "outperform" rating in a research report on Thursday, April 24th. TD Securities lifted their price target on AT&T from $29.00 to $30.00 and gave the company a "hold" rating in a research report on Thursday, April 24th. Williams Trading set a $30.00 price target on AT&T in a research report on Thursday, April 24th. Cowen restated a "hold" rating on shares of AT&T in a research report on Thursday, April 24th. Finally, Morgan Stanley restated an "overweight" rating and set a $31.00 price target (up from $30.00) on shares of AT&T in a research report on Thursday, April 24th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, AT&T currently has an average rating of "Moderate Buy" and a consensus target price of $28.76.

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.

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