AT&T (NYSE:T) Trading Up 1.4% – Still a Buy?

Shares of AT&T Inc. (NYSE:T) rose 1.4% during mid-day trading on Monday . The stock traded as high as $23.75 and last traded at $23.58. 53,801,742 shares were traded during trading, an increase of 4% from the average session volume of 51,680,645 shares. The stock had previously closed at $23.25.

AT&T News Summary

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

• Positive Sentiment: AT&T introduced the amiGO Jr. Tab 2, a kid-focused tablet using AT&T’s 5G network and priced at $4.99 per month for 36 months. The launch could support device sales, customer engagement and differentiation in the family segment. AT&T amiGO Jr. Tab 2 announcement
• Positive Sentiment: AT&T, Verizon and T-Mobile jointly enabled Glide.id’s SIM-based cryptographic authentication technology, aimed at reducing AI-driven fraud and improving passwordless mobile identity verification. The initiative may strengthen the strategic value of carrier networks, although it is unlikely to materially affect near-term revenue. AT&T, Verizon and T-Mobile Glide.id collaboration
• Neutral Sentiment: AT&T completed a sale of euro- and sterling-denominated global notes, increasing access to European funding markets. The transaction supports liquidity but also underscores the company’s substantial debt obligations and could increase interest costs. AT&T European debt issuance
• Negative Sentiment: SpaceX President Gwynne Shotwell said SpaceX intends to build terrestrial infrastructure to complement Starlink’s satellite service and eventually operate a full-fledged mobile network. Investors fear Starlink could compete directly for customers of AT&T, Verizon and T-Mobile, particularly in rural areas, dead zones and during network outages. SpaceX plans terrestrial mobile network
• Negative Sentiment: The competitive threat has weighed on major U.S. telecom shares as markets reassess long-term customer retention, pricing power and growth prospects. AT&T’s low valuation and recent operating momentum may provide some support, but the Starlink announcement is the dominant near-term catalyst. Telecom stocks fall after SpaceX mobile-service plans

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Barclays decreased their price target on shares of AT&T from $26.00 to $24.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 8th. Sanford C. Bernstein reissued an “outperform” rating and issued a $25.00 target price on shares of AT&T in a research report on Monday, July 13th. Royal Bank Of Canada reduced their price target on shares of AT&T from $31.00 to $27.00 and set an “outperform” rating on the stock in a research report on Monday, July 20th. Wolfe Research upgraded AT&T from a “peer perform” rating to an “outperform” rating and set a $29.00 target price for the company in a research report on Thursday, July 23rd. Finally, Scotiabank lowered their price target on AT&T from $31.00 to $29.25 and set a “sector perform” rating for the company in a report on Wednesday, July 15th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, AT&T currently has an average rating of “Moderate Buy” and a consensus target price of $29.19.

AT&T Trading Down 1.3%

The firm has a market cap of $158.06 billion, a P/E ratio of 7.64, a P/E/G ratio of 0.96 and a beta of 0.23. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.93 and a current ratio of 0.97. The firm has a fifty day moving average of $22.62 and a 200-day moving average of $25.23.

AT&T (NYSE:T) last announced its quarterly earnings results 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 company had revenue of $31.56 billion for the quarter, compared to analyst estimates of $31.80 billion. AT&T had a net margin of 16.94% and a return on equity of 12.86%. AT&T’s revenue was up 2.3% compared to the same quarter last year. During the same quarter last year, the business earned $0.54 earnings per share. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. Equities research analysts forecast that AT&T Inc. will post 2.34 earnings per share for the current year.

AT&T Announces Dividend

The company also recently announced 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 annualized dividend and a dividend yield of 4.8%. The ex-dividend date of this dividend was Friday, July 10th. AT&T’s dividend payout ratio (DPR) is 36.75%.

Institutional Investors Weigh In On AT&T

Institutional investors have recently bought and sold shares of the business. Brighton Jones LLC raised its stake in shares of AT&T by 26.5% during the 4th quarter. Brighton Jones LLC now owns 48,579 shares of the technology company’s stock worth $1,106,000 after purchasing an additional 10,188 shares in the last quarter. Osterweis Capital Management Inc. lifted its position in AT&T by 4,352.9% during the 2nd quarter. Osterweis Capital Management Inc. now owns 6,234 shares of the technology company’s stock worth $180,000 after acquiring an additional 6,094 shares during the last quarter. Main Street Financial Solutions LLC grew its holdings in AT&T by 4.0% in the 2nd quarter. Main Street Financial Solutions LLC now owns 26,796 shares of the technology company’s stock valued at $775,000 after buying an additional 1,022 shares during the last quarter. HUB Investment Partners LLC grew its position in AT&T by 19.6% in the 2nd quarter. HUB Investment Partners LLC now owns 55,730 shares of the technology company’s stock worth $1,613,000 after purchasing an additional 9,115 shares during the last quarter. Finally, Peapack Gladstone Financial Corp increased its stake in AT&T by 1.8% during the second quarter. Peapack Gladstone Financial Corp now owns 207,063 shares of the technology company’s stock valued at $5,992,000 after acquiring an additional 3,677 shares during the period. 57.10% of the stock is currently owned by institutional investors and hedge funds.

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.