AT&T (NYSE:T) was the recipient of a large growth in short interest in the month of March. As of March 15th, there was short interest totalling 178,151,686 shares, a growth of 2.0% from the February 28th total of 174,633,290 shares. Currently, 2.9% of the shares of the company are short sold. Based on an average daily trading volume, of 20,519,975 shares, the short-interest ratio is presently 8.7 days.
AT&T stock opened at $35.65 on Friday. AT&T has a 12-month low of $32.55 and a 12-month high of $41.89. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.89. The stock has a market capitalization of $218,855.36, a price-to-earnings ratio of 11.69, a price-to-earnings-growth ratio of 2.47 and a beta of 0.39.
AT&T (NYSE:T) last announced its quarterly earnings results on Wednesday, January 31st. The technology company reported $0.78 EPS for the quarter, beating the Zacks’ consensus estimate of $0.65 by $0.13. AT&T had a return on equity of 14.55% and a net margin of 18.34%. The firm had revenue of $41.68 billion for the quarter, compared to analyst estimates of $41.21 billion. During the same period last year, the firm posted $0.66 earnings per share. The business’s revenue for the quarter was down .4% on a year-over-year basis. equities analysts anticipate that AT&T will post 3.47 earnings per share for the current fiscal year.
Several hedge funds have recently made changes to their positions in T. Green Square Capital LLC lifted its stake in shares of AT&T by 35.1% in the fourth quarter. Green Square Capital LLC now owns 242,962 shares of the technology company’s stock worth $9,446,000 after acquiring an additional 63,189 shares during the period. Cambridge Investment Research Advisors Inc. lifted its stake in shares of AT&T by 9.0% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 1,290,461 shares of the technology company’s stock worth $50,173,000 after acquiring an additional 107,029 shares during the period. PHH Investments Ltd. lifted its stake in shares of AT&T by 11.7% in the fourth quarter. PHH Investments Ltd. now owns 42,834 shares of the technology company’s stock worth $1,665,000 after acquiring an additional 4,483 shares during the period. Certified Advisory Corp acquired a new position in shares of AT&T in the fourth quarter worth approximately $1,982,000. Finally, Wagner Wealth Management LLC acquired a new position in shares of AT&T in the fourth quarter worth approximately $863,000. 55.94% of the stock is currently owned by hedge funds and other institutional investors.
T has been the topic of a number of recent analyst reports. Vetr upgraded AT&T from a “hold” rating to a “buy” rating and set a $39.60 price target on the stock in a research report on Wednesday, January 10th. Argus restated a “buy” rating and issued a $36.83 price target (down previously from $48.00) on shares of AT&T in a research report on Wednesday, February 7th. Zacks Investment Research upgraded AT&T from a “hold” rating to a “buy” rating and set a $41.00 price target on the stock in a research report on Monday, March 5th. Guggenheim initiated coverage on AT&T in a research report on Tuesday, March 13th. They issued a “buy” rating and a $42.00 price target on the stock. Finally, HSBC upgraded AT&T from a “hold” rating to a “buy” rating and raised their price target for the stock from $34.90 to $41.00 in a research report on Wednesday. One analyst has rated the stock with a sell rating, fifteen have assigned a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Hold” and an average price target of $41.70.
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AT&T Inc provides communications and digital entertainment services. The company operates through four segments: Business Solutions, Entertainment Group, Consumer Mobility, and International. The Business Solutions segment offers wireless services, strategic services, legacy voice, data services, wireless equipment, and other services to multinational companies, governmental and wholesale customers, and individual subscribers.
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