EWG Elevate Inc. Purchases Shares of 4,065 AT&T Inc. (NYSE:T)

EWG Elevate Inc. purchased a new stake in shares of AT&T Inc. (NYSE:T – Get Rating) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 4,065 shares of the technology company’s stock, valued at approximately $75,000.

Several other large investors have also made changes to their positions in T. Atlas Brown Inc. raised its position in shares of AT&T by 0.7% during the 4th quarter. Atlas Brown Inc. now owns 78,373 shares of the technology company’s stock valued at $1,443,000 after buying an additional 523 shares in the last quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC lifted its position in AT&T by 1.2% in the first quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 47,356 shares of the technology company’s stock worth $1,119,000 after buying an additional 547 shares during the last quarter. Chesapeake Wealth Management boosted its stake in AT&T by 1.8% during the third quarter. Chesapeake Wealth Management now owns 32,723 shares of the technology company’s stock worth $502,000 after buying an additional 566 shares during the period. Fusion Capital LLC increased its position in AT&T by 2.2% during the third quarter. Fusion Capital LLC now owns 26,528 shares of the technology company’s stock valued at $407,000 after acquiring an additional 566 shares during the last quarter. Finally, BDO Wealth Advisors LLC lifted its holdings in shares of AT&T by 4.7% in the 3rd quarter. BDO Wealth Advisors LLC now owns 12,790 shares of the technology company’s stock worth $196,000 after acquiring an additional 571 shares during the last quarter. 51.86% of the stock is currently owned by hedge funds and other institutional investors.

AT&T Stock Performance

T stock opened at $18.13 on Friday. AT&T Inc. has a one year low of $14.46 and a one year high of $21.53. The firm’s 50 day moving average price is $19.20 and its 200-day moving average price is $18.19. The company has a quick ratio of 0.53, a current ratio of 0.59 and a debt-to-equity ratio of 1.21.

AT&T (NYSE:T – Get Rating) last posted its earnings results on Wednesday, January 25th. The technology company reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.03. The company had revenue of $31.30 billion during the quarter, compared to analysts’ expectations of $31.50 billion. AT&T had a positive return on equity of 14.18% and a negative net margin of 6.60%. The firm’s quarterly revenue was down 23.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.78 earnings per share. As a group, equities research analysts forecast that AT&T Inc. will post 2.41 EPS for the current year.

Wall Street Analysts Forecast Growth

T has been the subject of a number of research analyst reports. Cowen lifted their price objective on shares of AT&T from $24.00 to $25.00 in a report on Thursday, January 26th. Morgan Stanley cut AT&T from an “overweight” rating to an “equal weight” rating and set a $20.00 price target for the company. in a report on Thursday, December 15th. Citigroup lifted their price target on AT&T from $20.00 to $22.00 and gave the stock a “buy” rating in a research note on Tuesday, January 24th. StockNews.com assumed coverage on AT&T in a research report on Thursday. They set a “hold” rating for the company. Finally, Credit Suisse Group lifted their target price on shares of AT&T from $18.00 to $19.00 and gave the stock a “neutral” rating in a research note on Thursday, January 26th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, AT&T currently has an average rating of “Moderate Buy” and a consensus price target of $22.00.

AT&T Company Profile

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AT&T, Inc is a holding company, which engages in the provision of telecommunications media and technology service. It operates through the Communications and Latin America segments. The Communications segment offers services to businesses and consumers located in the U.S., or in U.S. territories, and businesses globally.