Perkins Capital Management Inc. Decreases Stake in AT&T Inc. (NYSE:T)

Perkins Capital Management Inc. lessened its holdings in AT&T Inc. (NYSE:T) by 3.0% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 32,742 shares of the technology company’s stock after selling 1,000 shares during the quarter. Perkins Capital Management Inc.’s holdings in AT&T were worth $746,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Legacy Investment Solutions LLC bought a new stake in AT&T during the third quarter worth $25,000. Marshall Investment Management LLC purchased a new stake in shares of AT&T during the 4th quarter valued at $28,000. YANKCOM Partnership bought a new stake in shares of AT&T during the 4th quarter worth $30,000. Tradewinds Capital Management LLC boosted its holdings in shares of 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. Finally, Endeavor Private Wealth Inc. bought a new position in AT&T during the fourth quarter valued at about $34,000. 57.10% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Oppenheimer initiated coverage on shares of AT&T in a research note on Tuesday, December 10th. They issued an “outperform” rating and a $28.00 target price on the stock. DZ Bank raised shares of AT&T from a “hold” rating to a “buy” rating and set a $27.00 price target on the stock in a report on Wednesday, January 29th. Tigress Financial raised 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 company a “buy” rating in a research note on Thursday, December 19th. Finally, Barclays increased their price target on AT&T from $24.00 to $27.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 4th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $26.79.

AT&T Stock Up 0.9 %

T opened at $27.04 on Monday. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.66 and a quick ratio of 0.62. AT&T Inc. has a one year low of $15.94 and a one year high of $27.97. The firm has a market capitalization of $194.06 billion, a P/E ratio of 18.14, a price-to-earnings-growth ratio of 3.00 and a beta of 0.56. The company has a fifty day moving average price of $25.13 and a 200-day moving average price of $23.32.

AT&T (NYSE:T) last announced its earnings results on Monday, January 27th. The technology company reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.06. AT&T had a return on equity of 13.97% and a net margin of 8.95%. Equities research analysts expect that AT&T Inc. will post 2.14 earnings per share for the current fiscal 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.