At&t Corp (NYSE:T) Move as Institutional Investors’ Sentiment Worsens

AT&T Inc. (NYSE:T) Logo

Sentiment for At&t Corp (NYSE:T)

At&t Corp (NYSE:T) institutional sentiment decreased to 0.74 in Q4 2018. Its down -0.26, from 1 in 2018Q3. The ratio has worsened, as 635 active investment managers increased or opened new holdings, while 857 sold and reduced their equity positions in At&t Corp. The active investment managers in our partner’s database reported: 3.65 billion shares, up from 3.52 billion shares in 2018Q3. Also, the number of active investment managers holding At&t Corp in their top 10 holdings decreased from 77 to 70 for a decrease of 7. Sold All: 94 Reduced: 763 Increased: 498 New Position: 137.

AT&T Inc. provides telecommunications and digital entertainment services. The company has market cap of $233.71 billion. The firm operates through four divisions: Business Solutions, Entertainment Group, Consumer Mobility, and International. It has a 11.26 P/E ratio. The Business Solutions segment offers wireless, fixed strategic, legacy voice and data, wireless equipment, and other services to business, governmental, and wholesale customers, as well as individual subscribers.

The stock decreased 0.52% or $0.17 during the last trading session, reaching $32.08. About 13.12M shares traded. AT&T Inc. (NYSE:T) has declined 16.72% since April 17, 2018 and is downtrending. It has underperformed by 21.09% the S&P500.

Analysts await AT&T Inc. (NYSE:T) to report earnings on April, 24. They expect $0.86 earnings per share, up 1.18 % or $0.01 from last year’s $0.85 per share. T’s profit will be $6.27B for 9.33 P/E if the $0.86 EPS becomes a reality. After $0.86 actual earnings per share reported by AT&T Inc. for the previous quarter, Wall Street now forecasts 0.00 % EPS growth.

Davide Leone & Partners Investment Co Llp holds 16.22% of its portfolio in AT&T Inc. for 5.84 million shares. Qv Investors Inc. owns 3.68 million shares or 15.97% of their US portfolio. Moreover, Mediatel Partners has 11.87% invested in the company for 935,304 shares. The New York-based Quinn Opportunity Partners Llc has invested 8.69% in the stock. Clark Estates Inc Ny, a New York-based fund reported 1.64 million shares.

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AT&T Inc. (NYSE:T) Ratings Coverage

Ratings analysis reveals 86% of AT\u0026T’s analysts are positive. Out of 7 Wall Street analysts rating AT\u0026T, 6 give it “Buy”, 0 “Sell” rating, while 1 recommend “Hold”. The lowest target is $34 while the high is $38. The stock’s average target of $36 is 12.22% above today’s ($32.08) share price. T was included in 11 notes of analysts from October 22, 2018. Citigroup upgraded it to “Buy” rating and $34 target in Tuesday, December 11 report. Moffett Nathanson upgraded AT&T Inc. (NYSE:T) on Monday, November 26 to “Neutral” rating. On Monday, December 3 the stock rating was upgraded by Cowen & Co to “Outperform”. The stock has “Buy” rating by Tigress Financial on Monday, October 22. The company was maintained on Thursday, March 7 by Bank of America. As per Monday, December 3, the company rating was upgraded by JP Morgan. The stock of AT&T Inc. (NYSE:T) has “Outperform” rating given on Thursday, October 25 by Robert W. Baird. The rating was maintained by UBS on Thursday, February 14 with “Buy”.

More notable recent AT&T Inc. (NYSE:T) news were published by: Benzinga.com which released: “Barron’s On: AT&T Vs. Verizon (NYSE:T)(NYSE:VZ) – Benzinga” on March 31, 2019, also Seekingalpha.com with their article: “AT&T’s Cash Cow Is Changing – Seeking Alpha” published on April 01, 2019, Investorplace.com published: “3 Big Stock Charts for Wednesday: Western Digital, UnitedHealth Group and Bank of America – Investorplace.com” on April 17, 2019. More interesting news about AT&T Inc. (NYSE:T) were released by: Seekingalpha.com and their article: “Wall Street Breakfast: Next Round Of Corporate Earnings – Seeking Alpha” published on April 16, 2019 as well as Seekingalpha.com‘s news article titled: “AT&T Stock Is Nearing A Big Breakout – Seeking Alpha” with publication date: March 28, 2019.

AT&T Inc. (NYSE:T) Ratings Chart