Inspire Advisors LLC Takes $280,000 Position in AT&T Inc. (NYSE:T)

Inspire Advisors LLC purchased a new stake in shares of AT&T Inc. (NYSE:T) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 12,311 shares of the technology company’s stock, valued at approximately $280,000.

Other large investors have also recently modified their holdings of the company. Legacy Investment Solutions LLC bought a new stake in AT&T in the 3rd quarter worth approximately $25,000. Marshall Investment Management LLC bought a new stake in AT&T in the 4th quarter worth approximately $28,000. Ritter Daniher Financial Advisory LLC DE lifted its position in AT&T by 169.2% in the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 1,338 shares of the technology company’s stock worth $29,000 after buying an additional 841 shares during the last quarter. YANKCOM Partnership bought a new stake in AT&T in the 4th quarter worth approximately $30,000. Finally, Tradewinds Capital Management LLC lifted its position in AT&T by 48.6% in the 4th quarter. Tradewinds Capital Management LLC now owns 1,314 shares of the technology company’s stock worth $30,000 after buying an additional 430 shares during the last quarter. Institutional investors own 57.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on T shares. Tigress Financial boosted their target price on AT&T from $30.00 to $32.00 and gave the stock a “buy” rating in a research report on Tuesday, February 4th. UBS Group boosted their target price on AT&T from $25.00 to $30.00 and gave the stock a “buy” rating in a research report on Thursday, December 19th. Royal Bank of Canada boosted their target price on AT&T from $26.00 to $27.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 28th. New Street Research upgraded AT&T from a “neutral” rating to a “buy” rating in a research report on Tuesday, December 3rd. Finally, Oppenheimer started coverage on AT&T in a research report on Tuesday, December 10th. They issued an “outperform” rating and a $28.00 price objective for the company. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, AT&T has a consensus rating of “Moderate Buy” and a consensus price target of $26.74.

AT&T Price Performance

T opened at $25.72 on Thursday. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.62 and a current ratio of 0.66. AT&T Inc. has a 52-week low of $15.94 and a 52-week high of $27.97. The stock has a market capitalization of $184.59 billion, a PE ratio of 17.26, a price-to-earnings-growth ratio of 3.00 and a beta of 0.56. The stock’s 50 day moving average price is $24.52 and its 200-day moving average price is $22.96.

AT&T (NYSE:T) last issued its quarterly earnings results on Monday, January 27th. The technology company reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.06. AT&T had a return on equity of 13.97% and a net margin of 8.95%. On average, equities research analysts predict 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.