Short Interest in AT&T Inc. (T) Increases By 6.1%

AT&T Inc. (NYSE:T) was the target of a significant increase in short interest during the month of May. As of May 31st, there was short interest totalling 150,453,342 shares, an increase of 6.1% from the May 15th total of 141,753,726 shares. Based on an average daily volume of 19,504,448 shares, the short-interest ratio is currently 7.7 days. Approximately 2.5% of the shares of the company are short sold.

AT&T (T) opened at 38.96 on Friday. AT&T has a 1-year low of $36.10 and a 1-year high of $43.89. The company has a market cap of $239.53 billion, a PE ratio of 19.05 and a beta of 0.48. The company has a 50-day moving average price of $38.54 and a 200-day moving average price of $40.62.

AT&T (NYSE:T) last announced its earnings results on Tuesday, April 25th. The technology company reported $0.74 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.74. The firm had revenue of $39.40 billion for the quarter, compared to analysts’ expectations of $40.50 billion. AT&T had a net margin of 7.77% and a return on equity of 14.22%. The business’s revenue was down 2.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.72 EPS. On average, analysts expect that AT&T will post $2.90 EPS for the current fiscal year.

Several hedge funds have recently made changes to their positions in T. Taylor Wealth Management Partners boosted its stake in shares of AT&T by 0.4% in the first quarter. Taylor Wealth Management Partners now owns 2,550 shares of the technology company’s stock valued at $106,000 after buying an additional 11 shares in the last quarter. Sunbelt Securities Inc. boosted its stake in shares of AT&T by 0.3% in the first quarter. Sunbelt Securities Inc. now owns 5,007 shares of the technology company’s stock valued at $208,000 after buying an additional 13 shares in the last quarter. Tortoise Investment Management LLC boosted its stake in shares of AT&T by 0.3% in the first quarter. Tortoise Investment Management LLC now owns 6,993 shares of the technology company’s stock valued at $291,000 after buying an additional 23 shares in the last quarter. Colony Group LLC boosted its stake in shares of AT&T by 0.3% in the first quarter. Colony Group LLC now owns 8,078 shares of the technology company’s stock valued at $336,000 after buying an additional 23 shares in the last quarter. Finally, Cornerstone Investment Partners LLC boosted its stake in shares of AT&T by 0.3% in the first quarter. Cornerstone Investment Partners LLC now owns 9,584 shares of the technology company’s stock valued at $398,000 after buying an additional 30 shares in the last quarter. Hedge funds and other institutional investors own 55.37% of the company’s stock.

Several equities analysts recently commented on the company. ValuEngine downgraded AT&T from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Drexel Hamilton reiterated a “hold” rating on shares of AT&T in a research note on Friday, June 2nd. Vetr downgraded AT&T from a “buy” rating to a “hold” rating and set a $39.93 price objective on the stock. in a research note on Tuesday, May 30th. Moffett Nathanson upgraded AT&T from a “sell” rating to a “neutral” rating in a research note on Tuesday, May 30th. They noted that the move was a valuation call. Finally, Royal Bank Of Canada set a $42.00 price objective on AT&T and gave the company a “hold” rating in a research note on Saturday, May 20th. Twenty analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. AT&T has a consensus rating of “Hold” and an average price target of $44.16.

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AT&T Company Profile

AT&T Inc is a holding company. The Company is a provider of communications and digital entertainment services in the United States and the world. The Company operates through four segments: Business Solutions, Entertainment Group, Consumer Mobility and International. The Company offers its services and products to consumers in the United States, Mexico and Latin America and to businesses and other providers of telecommunications services worldwide.

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