Lingohr Asset Management GmbH Buys Shares of 26,867 AT&T Inc. (NYSE:T)

Lingohr Asset Management GmbH bought a new stake in shares of AT&T Inc. (NYSE:T) in the 4th quarter, HoldingsChannel reports. The firm bought 26,867 shares of the technology company’s stock, valued at approximately $600,000.

Several other hedge funds have also bought and sold shares of T. Legacy Investment Solutions LLC bought a new stake in AT&T during the third quarter valued at approximately $25,000. Marshall Investment Management LLC bought a new stake in AT&T during the fourth quarter valued at approximately $28,000. YANKCOM Partnership bought a new stake in AT&T during the fourth quarter valued at approximately $30,000. Tradewinds Capital Management LLC lifted its position in AT&T by 48.6% during the fourth quarter. Tradewinds Capital Management LLC now owns 1,314 shares of the technology company’s stock valued at $30,000 after purchasing an additional 430 shares during the last quarter. Finally, Endeavor Private Wealth Inc. bought a new stake in AT&T during the fourth quarter valued at approximately $34,000. 57.10% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have commented on T shares. New Street Research raised shares of AT&T from a “neutral” rating to a “buy” rating in a research note on Tuesday, December 3rd. UBS Group lifted their price target on shares of AT&T from $25.00 to $30.00 and gave the stock a “buy” rating in a research note on Thursday, December 19th. Tigress Financial lifted their price target on shares of AT&T from $30.00 to $32.00 and gave the stock a “buy” rating in a research note on Tuesday, February 4th. Scotiabank lifted their price target on shares of AT&T from $26.00 to $28.50 and gave the stock a “sector outperform” rating in a research note on Monday, March 3rd. Finally, Barclays lifted their price target on shares of AT&T from $24.00 to $27.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 4th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, AT&T has an average rating of “Moderate Buy” and an average target price of $26.79.

AT&T Stock Performance

NYSE:T opened at $26.85 on Thursday. The stock has a market cap of $192.75 billion, a P/E ratio of 18.02, a price-to-earnings-growth ratio of 3.00 and a beta of 0.56. The firm’s fifty day simple moving average is $24.93 and its 200 day simple moving average is $23.20. AT&T Inc. has a twelve month low of $15.94 and a twelve month high of $27.97. The company has a quick ratio of 0.62, a current ratio of 0.66 and a debt-to-equity ratio of 1.00.

AT&T (NYSE:T) last announced its earnings results on Monday, January 27th. The technology company reported $0.54 EPS 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%. As a group, research analysts predict that AT&T Inc. will post 2.14 EPS 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.