AT&T (NYSE:T) Receives Lower Rating From Hilliard Lyons. What’s The Reasoning Behind This Move?

April 26, 2018 - By Ellis Scott

AT&T Inc. (NYSE:T) Logo

Investors sentiment decreased to 0.91 in Q4 2017. Its down 0.26, from 1.17 in 2017Q3. It is negative, as 67 investors sold AT&T Inc. shares while 714 reduced holdings. 125 funds opened positions while 589 raised stakes. 3.09 billion shares or 7.58% less from 3.34 billion shares in 2017Q3 were reported.

First Commonwealth Fincl Pa reported 1.38% of its portfolio in AT&T Inc. (NYSE:T). South State owns 181,519 shares. Drw Limited Liability Corp reported 0.35% in AT&T Inc. (NYSE:T). Smith Salley holds 0.75% in AT&T Inc. (NYSE:T) or 107,924 shares. Peninsula Asset Mgmt Inc, a Florida-based fund reported 50,232 shares. Aqr Cap Llc reported 6.26M shares or 0.26% of all its holdings. Cypress Cap Mgmt Llc reported 344,830 shares. Tokio Marine Asset Communication accumulated 136,358 shares. Meridian Management reported 0.29% in AT&T Inc. (NYSE:T). 56,100 were accumulated by Marathon Trading Mngmt Ltd Liability Corporation. 45,831 are held by Davis R M. Ferguson Wellman Mgmt Incorporated stated it has 324,807 shares or 0.44% of all its holdings. Advsrs Asset Mgmt Inc holds 0.69% or 1.07 million shares. The Kentucky-based Renaissance Grp Incorporated Llc has invested 0.07% in AT&T Inc. (NYSE:T). Concorde Asset Mngmt Ltd Com invested 0.68% in AT&T Inc. (NYSE:T).

AT&T (NYSE:T) Receives a Downgrade

In a note issued to clients on Thursday morning, Hilliard Lyons announced that they will be downgrading shares of AT&T (NYSE:T) from a “Buy” to a “Neutral” rating.

Investors sentiment decreased to 0.91 in Q4 2017. Its down 0.26, from 1.17 in 2017Q3. It is negative, as 67 investors sold AT&T Inc. shares while 714 reduced holdings. 125 funds opened positions while 589 raised stakes. 3.09 billion shares or 7.58% less from 3.34 billion shares in 2017Q3 were reported.

First Commonwealth Fincl Pa reported 1.38% of its portfolio in AT&T Inc. (NYSE:T). South State owns 181,519 shares. Drw Limited Liability Corp reported 0.35% in AT&T Inc. (NYSE:T). Smith Salley holds 0.75% in AT&T Inc. (NYSE:T) or 107,924 shares. Peninsula Asset Mgmt Inc, a Florida-based fund reported 50,232 shares. Aqr Cap Llc reported 6.26M shares or 0.26% of all its holdings. Cypress Cap Mgmt Llc reported 344,830 shares. Tokio Marine Asset Communication accumulated 136,358 shares. Meridian Management reported 0.29% in AT&T Inc. (NYSE:T). 56,100 were accumulated by Marathon Trading Mngmt Ltd Liability Corporation. 45,831 are held by Davis R M. Ferguson Wellman Mgmt Incorporated stated it has 324,807 shares or 0.44% of all its holdings. Advsrs Asset Mgmt Inc holds 0.69% or 1.07 million shares. The Kentucky-based Renaissance Grp Incorporated Llc has invested 0.07% in AT&T Inc. (NYSE:T). Concorde Asset Mngmt Ltd Com invested 0.68% in AT&T Inc. (NYSE:T).

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

Among 14 analysts covering AT\u0026T (NYSE:T), 7 have Buy rating, 0 Sell and 7 Hold. Therefore 50% are positive. AT\u0026T has $54 highest and $37.0 lowest target. $41.14’s average target is 24.29% above currents $33.1 stock price. AT\u0026T had 17 analyst reports since November 8, 2017 according to SRatingsIntel. The firm has “Outperform” rating given on Friday, March 23 by Wells Fargo. The stock of AT&T Inc. (NYSE:T) has “Hold” rating given on Thursday, February 1 by SunTrust. Robert W. Baird maintained it with “Buy” rating and $42.0 target in Tuesday, November 21 report. Wells Fargo maintained AT&T Inc. (NYSE:T) rating on Friday, February 23. Wells Fargo has “Buy” rating and $48.0 target. Bank of America maintained the stock with “Neutral” rating in Friday, February 2 report. The rating was maintained by Cowen & Co on Thursday, February 1 with “Hold”. KeyBanc Capital Markets maintained AT&T Inc. (NYSE:T) rating on Tuesday, January 2. KeyBanc Capital Markets has “Sector Weight” rating and $38 target. The stock of AT&T Inc. (NYSE:T) earned “Equal-Weight” rating by Barclays Capital on Friday, April 13. Nomura maintained the shares of T in report on Tuesday, November 21 with “Buy” rating. The firm has “Buy” rating by Citigroup given on Friday, November 10.

The stock decreased 5.97% or $2.1 during the last trading session, reaching $33.1. About 132.12M shares traded or 390.04% up from the average. AT&T Inc. (NYSE:T) has declined 15.88% since April 27, 2017 and is downtrending. It has underperformed by 27.43% the S&P500.

AT&T Inc. provides telecommunications and digital entertainment services. The company has market cap of $214.99 billion. The firm operates through four divisions: Business Solutions, Entertainment Group, Consumer Mobility, and International. It has a 6.95 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.

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

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.




Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter: