AT&T (NYSE:T) Sets New 52-Week Low – Time to Sell?

Shares of AT&T Inc. (NYSE:TGet Free Report) hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $22.32 and last traded at $22.4720, with a volume of 6377888 shares trading hands. The stock had previously closed at $22.50.

AT&T News Roundup

Here are the key news stories impacting AT&T this week:

Analyst Upgrades and Downgrades

T has been the subject of several recent research reports. Weiss Ratings lowered AT&T from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, May 29th. Royal Bank Of Canada restated an “outperform” rating and set a $31.00 price target on shares of AT&T in a research note on Wednesday, May 20th. Oppenheimer lowered shares of AT&T from an “outperform” rating to a “market perform” rating in a research report on Wednesday, June 3rd. Citigroup raised their price target on shares of AT&T from $29.00 to $31.50 and gave the stock a “buy” rating in a report on Monday, March 23rd. Finally, Arete Research raised AT&T from a “sell” rating to a “neutral” rating and set a $28.00 price target for the company in a research report on Tuesday, March 10th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and eight have given a Hold rating to the company. According to MarketBeat, AT&T has an average rating of “Moderate Buy” and a consensus target price of $30.55.

Get Our Latest Research Report on T

AT&T Stock Up 2.1%

The stock has a market cap of $161.13 billion, a PE ratio of 7.78, a price-to-earnings-growth ratio of 0.95 and a beta of 0.21. The business has a 50-day moving average price of $25.53 and a 200-day moving average price of $25.90. The company has a current ratio of 0.92, a quick ratio of 0.87 and a debt-to-equity ratio of 1.05.

AT&T (NYSE:TGet Free Report) last posted its quarterly earnings data on Wednesday, April 22nd. The technology company reported $0.57 EPS for the quarter, beating the consensus estimate of $0.55 by $0.02. AT&T had a return on equity of 12.49% and a net margin of 16.94%.The firm had revenue of $31.51 billion during the quarter, compared to the consensus estimate of $31.29 billion. During the same period in the prior year, the company earned $0.51 EPS. The firm’s revenue was up 2.9% compared to the same quarter last year. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. As a group, analysts forecast that AT&T Inc. will post 2.31 earnings per share for the current year.

AT&T Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 1st. Investors of record on Friday, April 10th were given a dividend of $0.2775 per share. The ex-dividend date was Friday, April 10th. This represents a $1.11 dividend on an annualized basis and a yield of 4.8%. AT&T’s dividend payout ratio (DPR) is presently 37.25%.

Institutional Investors Weigh In On AT&T

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. GGM Financials LLC acquired a new position in AT&T in the third quarter valued at about $25,000. Fairway Wealth LLC purchased a new stake in AT&T during the 1st quarter worth approximately $29,000. Robinswood Financial LLC acquired a new stake in AT&T during the 1st quarter worth approximately $29,000. Safe Harbor Fiduciary LLC purchased a new position in AT&T in the 4th quarter valued at approximately $25,000. Finally, Rachor Investment Advisory Services LLC acquired a new position in shares of AT&T in the fourth quarter worth $25,000. Hedge funds and other institutional investors own 57.10% of the company’s stock.

AT&T Company Profile

(Get Free Report)

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.

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