AT&T Inc. (NYSE:T) Shares Sold by Compass Ion Advisors LLC

Compass Ion Advisors LLC cut its position in shares of AT&T Inc. (NYSE:T) by 12.7% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 9,569 shares of the technology company’s stock after selling 1,390 shares during the quarter. Compass Ion Advisors LLC’s holdings in AT&T were worth $271,000 as of its most recent filing with the SEC.

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

Analyst Upgrades and Downgrades

T has been the subject of a number of research reports. Wells Fargo & Company lifted their target price on shares of AT&T from $27.00 to $30.00 and gave the company an “overweight” rating in a research note on Thursday, April 24th. Citigroup reissued a “buy” rating on shares of AT&T in a research report on Tuesday. Williams Trading set a $30.00 target price on AT&T in a research report on Thursday, April 24th. Morgan Stanley reiterated an “overweight” rating and set a $31.00 price target (up from $30.00) on shares of AT&T in a report on Thursday, April 24th. Finally, Wall Street Zen raised shares of AT&T from a “hold” rating to a “buy” rating in a research report on Friday, April 25th. One equities research 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’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $28.76.

AT&T Stock Performance

T stock opened at $27.65 on Friday. AT&T Inc. has a twelve month low of $17.90 and a twelve month high of $29.03. The company has a quick ratio of 0.65, a current ratio of 0.70 and a debt-to-equity ratio of 0.98. The company has a market cap of $198.92 billion, a P/E ratio of 16.96, a price-to-earnings-growth ratio of 3.85 and a beta of 0.41. The business’s fifty day moving average is $27.51 and its 200-day moving average is $25.76.

AT&T (NYSE:T) last released its 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). The company had revenue of $30.63 billion during the quarter, compared to analyst estimates of $30.39 billion. AT&T had a net margin of 9.64% and a return on equity of 13.63%. The company’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.55 EPS. Equities research analysts forecast that AT&T Inc. will post 2.14 EPS 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.