Generali Investments Management Co LLC Purchases New Holdings in AT&T Inc. (NYSE:T)

Generali Investments Management Co LLC acquired a new stake in AT&T Inc. (NYSE:T) during the 4th quarter, HoldingsChannel reports. The firm acquired 91,049 shares of the technology company’s stock, valued at approximately $2,073,000.

Several other large investors have also recently added to or reduced their stakes in the stock. Harvest Fund Management Co. Ltd increased its stake in AT&T by 106.9% in the 4th quarter. Harvest Fund Management Co. Ltd now owns 156,339 shares of the technology company’s stock valued at $3,561,000 after buying an additional 80,779 shares during the period. Vinva Investment Management Ltd increased its stake in shares of AT&T by 8.6% during the 4th quarter. Vinva Investment Management Ltd now owns 358,845 shares of the technology company’s stock worth $8,113,000 after purchasing an additional 28,458 shares during the last quarter. VSM Wealth Advisory LLC acquired a new position in shares of AT&T during the 4th quarter worth $44,000. Xponance Inc. increased its stake in shares of AT&T by 2.0% during the 4th quarter. Xponance Inc. now owns 1,007,514 shares of the technology company’s stock worth $22,941,000 after purchasing an additional 19,514 shares during the last quarter. Finally, Intech Investment Management LLC increased its stake in shares of AT&T by 30.0% during the 4th quarter. Intech Investment Management LLC now owns 377,846 shares of the technology company’s stock worth $8,604,000 after purchasing an additional 87,174 shares during the last quarter. Institutional investors and hedge funds own 57.10% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on T. BNP Paribas upgraded shares of AT&T from a “neutral” rating to an “outperform” rating and set a $28.50 price target on the stock in a research note on Thursday, February 13th. Barclays increased 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. Scotiabank increased 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. Royal Bank of Canada increased their price target on shares of AT&T from $26.00 to $27.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 28th. Finally, Citigroup raised their target price on shares of AT&T from $26.00 to $28.00 and gave the company a “buy” rating in a research note on Wednesday, December 4th. One research analyst has rated the stock with a sell rating, five have assigned 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, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $26.74.

AT&T Price Performance

NYSE:T opened at $26.60 on Wednesday. The company has a 50-day moving average of $24.84 and a 200-day moving average of $23.18. The company has a market capitalization of $190.97 billion, a price-to-earnings ratio of 17.86, a PEG ratio of 3.00 and a beta of 0.56. AT&T Inc. has a 52 week low of $15.94 and a 52 week high of $27.97. 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 (NYSE:T) last released its quarterly earnings data on Monday, January 27th. The technology company reported $0.54 EPS for the quarter, topping 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, equities research analysts anticipate that AT&T Inc. will post 2.14 earnings per share for the current fiscal 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.