Towercrest Capital Management Grows Stock Position in AT&T Inc. (NYSE:T)

Towercrest Capital Management lifted its stake in AT&T Inc. (NYSE:T) by 1.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 29,776 shares of the technology company’s stock after buying an additional 496 shares during the period. Towercrest Capital Management’s holdings in AT&T were worth $678,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of T. Segall Bryant & Hamill LLC bought a new stake in shares of AT&T in the third quarter worth about $1,030,000. Meridian Wealth Management LLC boosted its position in AT&T by 1.2% during the 3rd quarter. Meridian Wealth Management LLC now owns 59,034 shares of the technology company’s stock valued at $1,299,000 after acquiring an additional 703 shares in the last quarter. Certified Advisory Corp boosted its position in AT&T by 17.7% during the 3rd quarter. Certified Advisory Corp now owns 34,562 shares of the technology company’s stock valued at $760,000 after acquiring an additional 5,195 shares in the last quarter. Great Valley Advisor Group Inc. boosted its position in AT&T by 19.4% during the 3rd quarter. Great Valley Advisor Group Inc. now owns 66,883 shares of the technology company’s stock valued at $1,472,000 after acquiring an additional 10,854 shares in the last quarter. Finally, Cerity Partners LLC boosted its position in AT&T by 16.4% during the 3rd quarter. Cerity Partners LLC now owns 1,564,886 shares of the technology company’s stock valued at $34,428,000 after acquiring an additional 220,574 shares in the last quarter. Hedge funds and other institutional investors own 57.10% of the company’s stock.

AT&T Price Performance

Shares of T opened at $27.04 on Monday. The firm has a market cap of $194.06 billion, a PE ratio of 18.14, a P/E/G ratio of 3.00 and a beta of 0.56. The company has a current ratio of 0.66, a quick ratio of 0.62 and a debt-to-equity ratio of 1.00. The firm has a fifty day simple moving average of $25.13 and a two-hundred day simple moving average of $23.32. AT&T Inc. has a 1-year low of $15.94 and a 1-year high of $27.97.

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, 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 analysts anticipate that AT&T Inc. will post 2.14 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have weighed in on T shares. Oppenheimer started coverage on AT&T in a research report on Tuesday, December 10th. They set an “outperform” rating and a $28.00 price objective on the stock. Scotiabank lifted their price objective on AT&T from $26.00 to $28.50 and gave the company a “sector outperform” rating in a research report on Monday, March 3rd. DZ Bank raised AT&T from a “hold” rating to a “buy” rating and set a $27.00 price objective on the stock in a research report on Wednesday, January 29th. BNP Paribas raised AT&T from a “neutral” rating to an “outperform” rating and set a $28.50 price target on the stock in a research report on Thursday, February 13th. Finally, New Street Research raised AT&T from a “neutral” rating to a “buy” rating in a research report on Tuesday, December 3rd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $26.79.

AT&T Company 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.