Baystate Wealth Management buys $699,345 stake in AT&T (T)

AT&T (T) : Baystate Wealth Management scooped up 26 additional shares in AT&T during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 1, 2016. The investment management firm now holds a total of 16,088 shares of AT&T which is valued at $699,345.AT&T makes up approximately 0.16% of Baystate Wealth Management’s portfolio.

Other Hedge Funds, Including , Cullinan Associates Inc boosted its stake in T in the latest quarter, The investment management firm added 5,106 additional shares and now holds a total of 158,902 shares of AT&T which is valued at $6,907,470. AT&T makes up approx 0.56% of Cullinan Associates Inc’s portfolio.

AT&T opened for trading at $43.42 and hit $43.55 on the upside on Friday, eventually ending the session at $43.47, with a gain of 0.60% or 0.26 points. The heightened volatility saw the trading volume jump to 2,32,37,349 shares. Company has a market cap of $267,601 M.

On the company’s financial health, AT&T reported $0.72 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Apr 26, 2016. Analyst had a consensus of $0.69. The company had revenue of $40535.00 million for the quarter, compared to analysts expectations of $40402.73 million. The company’s revenue was up 24.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.63 EPS.

Many Wall Street Analysts have commented on AT&T. Company shares were Reiterated by Deutsche Bank on Jun 28, 2016 to “Buy”, Firm has raised the Price Target to $ 45 from a previous price target of $41 .AT&T was Downgraded by Buckingham Research to ” Neutral” on Jun 24, 2016. Company shares were Reiterated by DA Davidson on May 17, 2016 to “Buy”, Firm has raised the Price Target to $ 44 from a previous price target of $42 .

AT&T Inc. is a holding company. The Company provides telecommunications services. Its services and products include wireless communications data/broadband and Internet services video services local exchange services long-distance services telecommunications equipment managed networking and wholesale services. Its segments include Wireless Wireline and International. Its wireless subsidiaries provide both wireless voice and data communication services. The wireline subsidiaries provide landline data and voice communication services AT&T U-verse broadband video and voice services (U-verse) and managed networking. Its International segment uses the Iusacell and Unefon regional and national networks to provide wireless data and voice communication services. Its International segment also utilizes the networks of Nextel Mexico to provide similar services. Through its subsidiary DIRECTV Group Holdings LLC it provides pay television in the United States and across the world.

Leave a Reply

AT&T - Is it time to Sell?

Top Brokerage Firms are advising their investors on AT&T. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.