Is there a Bearish outlook for AT&T Inc. (NYSE:T) this week?

September 16, 2018 - By Mona Holcomb

AT&T Inc. (NYSE:T) LogoInvestors sentiment increased to 2.31 in 2018 Q2. Its up 1.39, from 0.92 in 2018Q1. It increased, as 56 investors sold AT&T Inc. shares while 426 reduced holdings. 229 funds opened positions while 885 raised stakes. 3.64 billion shares or 18.17% more from 3.08 billion shares in 2018Q1 were reported.
Hudson Valley Investment Advsrs Inc Adv invested 0.75% in AT&T Inc. (NYSE:T). Boys Arnold And stated it has 165,991 shares. Ballentine Prtnrs Ltd Liability Corporation reported 27,366 shares. Pitcairn reported 71,200 shares stake. 49,761 are held by Lederer Assocs Counsel Ca. Hbk Sorce Advisory Llc accumulated 132,586 shares. Chicago Equity Prtnrs Limited Liability Company accumulated 495,781 shares. Gladius Mngmt L P holds 28,550 shares or 0.09% of its portfolio. 792,599 are held by Teachers Retirement Sys Of The State Of Kentucky. Tradewinds Cap Mgmt Ltd Liability Corporation holds 7,332 shares. Vident Invest Advisory reported 69,638 shares stake. Mitchell Sinkler And Starr Pa holds 1.33% or 37,728 shares in its portfolio. King Luther Capital Mngmt reported 0.92% in AT&T Inc. (NYSE:T). 966,985 are owned by Bokf Na. Moreover, Athena Capital Advisors Ltd Llc has 0.42% invested in AT&T Inc. (NYSE:T) for 43,852 shares.

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

Among 16 analysts covering AT\u0026T (NYSE:T), 4 have Buy rating, 2 Sell and 10 Hold. Therefore 25% are positive. AT\u0026T had 19 analyst reports since March 23, 2018 according to SRatingsIntel. On Friday, March 23 the stock rating was maintained by Wells Fargo with “Outperform”. The stock of AT&T Inc. (NYSE:T) has “Sell” rating given on Wednesday, June 13 by Moffett Nathanson. On Wednesday, August 22 the stock rating was downgraded by Wells Fargo to “Market Perform”. J.P. Morgan downgraded AT&T Inc. (NYSE:T) on Tuesday, June 19 to “Hold” rating. Barclays Capital maintained the stock with “Equal-Weight” rating in Tuesday, September 4 report. The company was upgraded on Monday, July 30 by Bank of America. The stock of AT&T Inc. (NYSE:T) has “Buy” rating given on Wednesday, March 28 by HSBC. The stock of AT&T Inc. (NYSE:T) earned “Hold” rating by Deutsche Bank on Tuesday, May 1. The rating was upgraded by Oppenheimer to “Outperform” on Wednesday, June 13. The rating was downgraded by Jefferies to “Hold” on Thursday, June 7. Below is a list of AT&T Inc. (NYSE:T) latest ratings and price target changes.

04/09/2018 Broker: Barclays Capital Old Rating: Equal-Weight New Rating: Equal-Weight Old Target: $40 New Target: $31 Maintain
22/08/2018 Broker: Wells Fargo Old Rating: Outperform New Rating: Market Perform Old Target: $40 Downgrade
30/07/2018 Broker: Bank of America Old Rating: Neutral New Rating: Buy Old Target: $40 Upgrade
13/07/2018 Broker: Raymond James Old Rating: Outperform New Rating: Market Perform Old Target: $40 Downgrade
11/07/2018 Broker: Credit Suisse Rating: Underperform New Target: $29 Initiates Coverage On
27/06/2018 Broker: Morgan Stanley Old Rating: Equal-Weight New Rating: Overweight New Target: $37 Maintain
19/06/2018 Broker: J.P. Morgan Rating: Hold New Target: $36.0000 Downgrade
19/06/2018 Broker: JP Morgan Old Rating: Overweight New Rating: Neutral New Target: $36 Maintain
13/06/2018 Broker: Oppenheimer Old Rating: Perform New Rating: Outperform Upgrade
13/06/2018 Broker: Moffett Nathanson Old Rating: Neutral New Rating: Sell Old Target: $35 Downgrade

The stock decreased 0.24% or $0.08 during the last trading session, reaching $33.6. About 33.18 million shares traded. AT&T Inc. (NYSE:T) has declined 7.83% since September 16, 2017 and is downtrending. It has underperformed by 23.45% the S&P500.

AT&T Inc. provides telecommunications and digital entertainment services. The company has market cap of $244.00 billion. The firm operates through four divisions: Business Solutions, Entertainment Group, Consumer Mobility, and International. It has a 6.57 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.

More notable recent AT&T Inc. (NYSE:T) news were published by: Seekingalpha.com which released: “Is AT&T Really A Strong Buy Here?” on August 24, 2018, also Seekingalpha.com with their article: “To T Or Not To T, That Is No Longer The Question” published on September 14, 2018, Seekingalpha.com published: “How Safe Is AT&T’s Dividend?” on September 10, 2018. More interesting news about AT&T Inc. (NYSE:T) were released by: Seekingalpha.com and their article: “AT&T With A 6% Yield Is A Very Strong Buy” published on September 12, 2018 as well as Seekingalpha.com‘s news article titled: “Why I Don’t Hate AT&T” with publication date: September 05, 2018.

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

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