Continuum Advisory LLC Boosts Stake in AT&T Inc. (NYSE:T)

Continuum Advisory LLC increased its position in shares of AT&T Inc. (NYSE:T - Free Report) by 32.9% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 48,376 shares of the technology company's stock after purchasing an additional 11,977 shares during the period. Continuum Advisory LLC's holdings in AT&T were worth $1,368,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in T. Capital A Wealth Management LLC acquired a new stake in shares of AT&T in the 4th quarter worth approximately $25,000. Minot DeBlois Advisors LLC purchased a new stake in AT&T in the 4th quarter valued at approximately $25,000. Putney Financial Group LLC acquired a new stake in AT&T during the 4th quarter valued at $27,000. Marshall Investment Management LLC purchased a new position in AT&T during the fourth quarter worth $28,000. Finally, Tradewinds Capital Management LLC raised its holdings in shares of AT&T by 48.6% in the fourth 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 last quarter. Institutional investors and hedge funds own 57.10% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on T. Scotiabank reaffirmed an "outperform" rating on shares of AT&T in a research note on Thursday, April 24th. Oppenheimer boosted their price objective on shares of AT&T from $27.00 to $32.00 and gave the company an "outperform" rating in a research report on Tuesday, April 1st. Evercore ISI upped their price objective on shares of AT&T from $25.00 to $27.00 and gave the company an "in-line" rating in a research note on Thursday, April 24th. Williams Trading set a $30.00 price target on AT&T in a report on Thursday, April 24th. Finally, JPMorgan Chase & Co. raised their price objective on AT&T from $28.00 to $31.00 and gave the stock an "overweight" rating in a report on Thursday, April 24th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, AT&T presently has a consensus rating of "Moderate Buy" and a consensus price target of $28.76.

AT&T Trading Up 1.7%

T traded up $0.46 during trading on Monday, hitting $28.23. 32,916,368 shares of the company's stock were exchanged, compared to its average volume of 36,577,175. AT&T Inc. has a 1 year low of $18.14 and a 1 year high of $29.03. The stock has a 50 day moving average price of $27.53 and a 200 day moving average price of $25.81. The firm has a market cap of $203.13 billion, a P/E ratio of 17.32, a price-to-earnings-growth ratio of 3.87 and a beta of 0.41. The company has a current ratio of 0.70, a quick ratio of 0.65 and a debt-to-equity ratio of 0.98.

AT&T (NYSE:T - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The technology company reported $0.51 earnings per share for the quarter, missing analysts' consensus estimates 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 for the quarter, compared to analysts' expectations of $30.39 billion. During the same period last year, the company posted $0.55 earnings per share. The firm's revenue for the quarter was up 2.0% on a year-over-year basis. As a group, analysts expect that AT&T Inc. will post 2.14 EPS for the current fiscal year.

AT&T Company 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.