Jim Cramer Recommends Selling These 5 Stocks

3. AT&T Inc. (NYSE:T)

Number of Hedge Fund Holders: 70

Investors are watching AT&T Inc. (NYSE:T) as the company is set to host its investor and analyst day and give some key business updates. Jim Cramer said he will be listening to the call but remains skeptical. Cramer grilled the company in the following words:

 “This is a company with uniquely terrible management — we’re talking ‘Wall of Shame’ bad — and I have no desire to touch it.”

On the other hand, Morgan Stanley’s Simon Flannery is bullish on AT&T Inc. (NYSE:T) stock as the analyst said the upcoming spin-off of its shares for the Warner Bros. Discovery deal will unlock value in communications.

Several elite hedge funds had stakes in AT&T Inc. (NYSE:T) as of the end of the fourth quarter. Some notable of these funds include DE Shaw, Ken Griffin’s Citadel, and Israel Englander’s Millennium Management.

Weitz Investment Management, an investment management firm, published its “Hickory Fund” fourth quarter 2021 investor letter and mentioned AT&T Inc. (NYSE:T). Here‘s what the fund said:

“After several quarters of pandemic-induced outsized growth, new broadband connection growth has slowed for U.S. cable operators. This slower growth has coincided with a renewed push by competitors like Verizon and AT&T to offer high-speed data (either via wireless connects or by building new fiber-optic networks).”