AT&T (NYSE:T) Trading 1.1% Higher – What’s Next?

Shares of AT&T Inc. (NYSE:T) traded up 1.1% during trading on Wednesday . The stock traded as high as $25.48 and last traded at $25.1670. 29,933,276 shares changed hands during trading, a decline of 41% from the average session volume of 50,787,520 shares. The stock had previously closed at $24.90.

Wall Street Analyst Weigh In

Several analysts have issued reports on T shares. Wall Street Zen upgraded shares of AT&T from a “sell” rating to a “hold” rating in a research report on Saturday, June 20th. BNP Paribas Exane lowered their target price on AT&T from $28.00 to $26.00 and set a “neutral” rating for the company in a research note on Thursday, April 23rd. Weiss Ratings upgraded AT&T from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, August 3rd. TD Cowen raised their price target on AT&T from $32.00 to $33.00 and gave the stock a “hold” rating in a research report on Thursday, July 23rd. Finally, Morgan Stanley lifted their price target on AT&T from $25.00 to $27.00 and gave the stock an “overweight” rating in a research note on Thursday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $29.19.

AT&T Stock Performance

The business’s fifty day simple moving average is $22.71 and its 200-day simple moving average is $25.28. The firm has a market cap of $172.45 billion, a P/E ratio of 8.33, a price-to-earnings-growth ratio of 1.01 and a beta of 0.23. The company has a current ratio of 0.97, a quick ratio of 0.93 and a debt-to-equity ratio of 1.06.

AT&T (NYSE:T) last issued its quarterly earnings data on Wednesday, July 22nd. The technology company reported $0.65 EPS for the quarter, beating the consensus estimate of $0.59 by $0.06. The firm had revenue of $31.56 billion during the quarter, compared to the consensus estimate of $31.80 billion. AT&T had a net margin of 16.94% and a return on equity of 12.86%. The company’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.54 earnings per share. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. As a group, sell-side analysts expect that AT&T Inc. will post 2.34 earnings per share for the current year.

AT&T Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 3rd. Stockholders of record on Friday, July 10th were given a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date was Friday, July 10th. AT&T’s dividend payout ratio (DPR) is currently 36.75%.

Hedge Funds Weigh In On AT&T

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Rachor Investment Advisory Services LLC purchased a new position in shares of AT&T during the 4th quarter worth approximately $25,000. Safe Harbor Fiduciary LLC purchased a new stake in shares of AT&T in the 4th quarter worth about $25,000. Cresta Advisors Ltd. bought a new position in shares of AT&T in the 4th quarter worth about $26,000. Blueline Advisors LLC bought a new position in shares of AT&T in the 4th quarter worth about $26,000. Finally, Winnow Wealth LLC lifted its position in AT&T by 362.8% during the 4th quarter. Winnow Wealth LLC now owns 1,046 shares of the technology company’s stock valued at $26,000 after acquiring an additional 820 shares during the period. Institutional investors own 57.10% of the company’s stock.

AT&T Company Profile

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.