AT&T Inc. Sees 3.1% Stake Increase by E. Ohman J or Asset Management AB
E. Ohman J or Asset Management AB has increased its stake in AT&T Inc. (NYSE:T) by 3.1% in the fourth quarter, according to Holdings Channel.com. The firm now owns 1,782,315 shares of the technology company’s stock after buying an additional 53,924 shares during the period.
AT&T Inc. Stock Performance
AT&T Inc. (NYSE:T) has a market cap of $201.21 billion, a P/E ratio of 9.45, a P/E/G ratio of 1.06, and a beta of 0.39. The company has a 1-year low of $22.95 and a 1-year high of $29.79. The firm has a 50-day moving average of $26.77 and a 200-day moving average of $26.23.
Recent Analyst Ratings
A number of analysts have recently issued reports on T shares. Williams Trading set a $32.00 price objective on shares of AT&T in a report on Thursday, January 29th. Citigroup raised their price target on AT&T from $29.00 to $31.50 and gave the company a “buy” rating in a research report on Monday. Sanford C. Bernstein cut their price objective on AT&T from $31.00 to $30.00 and set an “outperform” rating for the company in a report on Friday, January 16th.
Insider Activity and Institutional Ownership
Other hedge funds have also recently modified their holdings of the company. Financial & Tax Architects LLC grew its holdings in AT&T by 4.9% during the second quarter. Financial & Tax Architects LLC now owns 7,588 shares of the technology company’s stock valued at $220,000 after purchasing an additional 356 shares during the period. Global Wealth Strategies & Associates increased its stake in AT&T by 10.7% in the 3rd quarter. Global Wealth Strategies & Associates now owns 4,025 shares of the technology company’s stock worth $114,000 after acquiring an additional 390 shares during the last quarter.
Company Overview
AT&T Inc is a global telecommunications company that provides a broad range of communications and digital entertainment services. Its core activities include consumer and business wireless services, broadband and fiber internet, and network infrastructure. The company operates branded wireless services through AT&T Mobility and deploys fixed-line and fiber networks to deliver high-speed internet and related home services.
AT&T’s product and service portfolio spans mobile voice and data plans, smartphones and device sales, home internet (including fiber-to-the-home where available), and managed connectivity solutions for enterprise customers. For more information on AT&T Inc. stock, visit our website.
Conclusion
In conclusion, E. Ohman J or Asset Management AB’s increase in stake in AT&T Inc. is a positive sign for the company. With a strong product and service portfolio, AT&T Inc. is well-positioned for growth in the telecommunications industry. For Indian investors looking to invest in the US stock market, AT&T Inc. may be a good option to consider.