November 17, 2016 - By Peter Erickson · 0 Comments
The stock of AT&T Incorporated (NYSE:T) registered an increase of 8.65% in short interest. T’s total short interest was 86.73M shares in November as published by FINRA. Its up 8.65% from 79.82 million shares, reported previously. With 21.77M shares average volume, it will take short sellers 4 days to cover their T’s short positions. The short interest to AT&T Incorporated’s float is 1.41%. About 9,113 shares traded hands. AT&T Inc. (NYSE:T) has declined 3.46% since April 15, 2016 and is downtrending. It has underperformed by 8.08% the S&P500.
AT&T Inc. is a holding company. The Company offers communications and digital entertainment services in the United States and the world. The company has a market cap of $229.76 billion. It operates through four divisions: Business Solutions, Entertainment Group, Consumer Mobility and International. It has a 15.81 P/E ratio. The Business Solutions segment includes various categories, including wireless service, fixed strategic services, legacy voice and data services, other services and wireless equipment.
Insitutional Activity: The institutional sentiment decreased to 1.18 in 2016 Q2. Its down 0.06, from 1.24 in 2016Q1. The ratio dived, as 51 funds sold all AT&T Inc. shares owned while 641 reduced positions. 78 funds bought stakes while 736 increased positions. They now own 3.22 billion shares or 0.63% less from 3.24 billion shares in 2016Q1.
Roundview Ltd last reported 0.41% of its portfolio in the stock. Buckingham Asset Mngmt Limited accumulated 64,181 shares or 0.94% of the stock. Jupiter Asset Mgmt has 478,348 shares for 0.79% of their US portfolio. Premier Asset Managment Limited Liability Co accumulated 0.43% or 38,382 shares. Argent Communication last reported 108,535 shares in the company. Tnb Financial accumulated 85,217 shares or 0.97% of the stock. Caisse De Depot Et Placement Du Quebec owns 2.90M shares or 0.32% of their US portfolio. Torch Wealth Mgmt Limited Liability Corp holds 1.11% of its portfolio in AT&T Inc. (NYSE:T) for 35,099 shares. Paragon Capital has 7,500 shares for 0.18% of their US portfolio. Liberty Mutual Grp Inc Asset Mgmt, a Massachusetts-based fund reported 454,037 shares. Rathbone Brothers Public Limited Company has 117,493 shares for 0.28% of their US portfolio. Rowland And Counsel Adv accumulated 0% or 141,765 shares. Fulton Breakefield Broenniman Ltd Liability Company holds 1.47% of its portfolio in AT&T Inc. (NYSE:T) for 166,689 shares. Fil owns 546,233 shares or 0.08% of their US portfolio. Bollard Gp Limited Co has 451,190 shares for 1.33% of their US portfolio.
Out of 18 analysts covering AT&T Inc. (NYSE:T), 7 rate it a “Buy”, 1 “Sell”, while 10 “Hold”. This means 39% are positive. AT&T Inc. has been the topic of 34 analyst reports since July 27, 2015 according to StockzIntelligence Inc. Cowen & Co maintained AT&T Inc. (NYSE:T) rating on Wednesday, April 27. Cowen & Co has “Outperform” rating and $44 price target. The firm has “Buy” rating given on Tuesday, July 19 by Citigroup. The firm earned “Equal-Weight” rating on Wednesday, October 26 by Barclays Capital. S&P Research maintained it with “Buy” rating and $39 target price in Friday, August 14 report. The stock has “Hold” rating given by HSBC on Monday, September 26. Oppenheimer maintained the shares of T in a report on Saturday, September 5 with “Outperform” rating. The rating was initiated by Macquarie Research with “Outperform” on Tuesday, April 5. The stock of AT&T Inc. (NYSE:T) has “Neutral” rating given on Monday, July 27 by Goldman Sachs. On Monday, October 24 the stock rating was downgraded by Drexel Hamilton to “Hold”. FBR Capital maintained it with “Mkt Perform” rating and $42 target price in Friday, July 22 report.
AT&T Inc. (AT&T), incorporated on October 5, 1983, is a holding company. The Firm is a well-known provider of communications and digital entertainment services in the United States and the world. The Firm operates through four divisions: Business Solutions, Entertainment Group, Consumer Mobility and International. The Company’s services offerings include wireless communications, data/broadband and Internet services, digital video services, local and long-distance telephone services, telecommunications equipment, managed networking and wholesale services. The Firm offers services and products to clients in the United States, Mexico and Latin America, and to businesses and other providers of telecommunications services around the world. The Firm also owns and operates approximately three regional sports networks, and holds interests in another regional sports network and a network dedicated to game-related programming, as well as Internet interactive game playing.
More important recent AT&T Inc. (NYSE:T) news were published by: Fool.com which released: “Better Buy: AT&T Inc. vs. T-Mobile” on November 06, 2016, also Seekingalpha.com published article titled: “Trump Will Not Block The AT&T Acquisition Of Time Warner”, Bloomberg.com published: “AT&T Discussed Idea of Takeover in Time Warner Meetings” on October 20, 2016. More interesting news about AT&T Inc. (NYSE:T) was released by: Fool.com and their article: “AT&T Inc Shows Huge Appetite for Acquisitions With $85 Billion Buyout of Time …” with publication date: November 01, 2016.
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By Peter Erickson