Are Analysts Bearish Alltel Corporation (Old) (NYSE:AT) After Last Week?

Out of 4 analysts covering AT&T (NYSE:AT), 0 rate it “Buy”, 0 “Sell”, while 4 “Hold”. This means 0% are positive. AT&T was the topic in 6 analyst reports since July 24, 2015 according to StockzIntelligence Inc. Below is a list of Alltel Corporation (Old) (NYSE:AT) latest ratings and price target changes.

24/12/2015 Broker: National Bank Canada Old Rating: Underperform New Rating: Sector Perform Upgrade
11/12/2015 Broker: National Bank Canada Rating: Underperform New Target: $2.25 Target Down

About 267,511 shares traded hands. Alltel Corporation (Old) (NYSE:AT) has declined 26.38% since July 29, 2015 and is downtrending. It has underperformed by 20.92% the S&P500.

Alltel Corporation provides telecommunication services such as wire line local, long-distance, network access and internet services, wireless communications and wide-area paging services. The company has a market cap of $239.24 million.

The institutional sentiment decreased to 0.84 in Q3 2015. Its down 0.36, from 1.2 in 2015Q2. The ratio worsened, as 15 funds sold all Alltel Corporation (Old) shares owned while 41 reduced positions. 14 funds bought stakes while 33 increased positions. They now own 61.16 million shares or 18.81% more from 51.48 million shares in 2015Q2.

Mangrove Partners holds 2.64% of its portfolio in Alltel Corporation (Old) for 6.19 million shares. 12 West Capital Management Lp owns 7.31 million shares or 1.98% of their US portfolio. Moreover, Oskie Capital Management Llc has 1.82% invested in the company for 1.72 million shares. The New York-based Gagnon Securities Llc has invested 0.26% in the stock. Tfs Capital Llc, a Pennsylvania-based fund reported 1.00 million shares.

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