one8zero8 LLC Takes Position in AT&T Inc. (NYSE:T)

one8zero8 LLC bought a new position in shares of AT&T Inc. (NYSE:T) in the fourth quarter, Holdings Channel.com reports. The fund bought 23,463 shares of the technology company’s stock, valued at approximately $534,000.

Other hedge funds have also bought and sold shares of the company. Legacy Investment Solutions LLC acquired a new position in shares of AT&T during the 3rd quarter valued at $25,000. Marshall Investment Management LLC acquired a new position in shares of AT&T during the fourth quarter valued at about $28,000. Ritter Daniher Financial Advisory LLC DE boosted its position in shares of AT&T by 169.2% during the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 1,338 shares of the technology company’s stock worth $29,000 after purchasing an additional 841 shares in the last quarter. YANKCOM Partnership acquired a new stake in shares of AT&T in the 4th quarter valued at about $30,000. Finally, Tradewinds Capital Management LLC increased 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 valued at $30,000 after buying an additional 430 shares in the last quarter. Institutional investors own 57.10% of the company’s stock.

Analysts Set New Price Targets

T has been the topic of several recent research reports. Argus raised AT&T from a “hold” rating to a “buy” rating and set a $27.00 price objective for the company in a research note on Thursday, January 16th. Barclays lifted their price target on shares of AT&T from $24.00 to $27.00 and gave the company an “overweight” rating in a research report on Wednesday, December 4th. Sanford C. Bernstein boosted their price target on shares of AT&T from $28.00 to $29.00 and gave the company an “outperform” rating in a research note on Tuesday, January 28th. Scotiabank raised their price objective on shares of AT&T from $26.00 to $28.50 and gave the company a “sector outperform” rating in a research note on Monday, March 3rd. Finally, JPMorgan Chase & Co. boosted their target price on shares of AT&T from $25.00 to $28.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 4th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, AT&T presently has a consensus rating of “Moderate Buy” and an average target price of $26.74.

AT&T Price Performance

Shares of NYSE:T opened at $26.61 on Monday. The company has a market capitalization of $190.98 billion, a P/E ratio of 17.86, a price-to-earnings-growth ratio of 3.00 and a beta of 0.56. The company’s 50-day moving average is $24.66 and its 200 day moving average is $23.08. 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 fifty-two week low of $15.94 and a fifty-two week high of $27.97.

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

About AT&T

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.