AT&T (NYSE:T) Shares Up 1.3% – What’s Next?

AT&T Inc. (NYSE:T) shot up 1.3% during mid-day trading on Friday . The stock traded as high as $24.97 and last traded at $24.8930. Approximately 26,014,779 shares traded hands during mid-day trading, a decline of 49% from the average daily volume of 51,060,074 shares. The stock had previously closed at $24.58.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on T shares. TD Cowen raised their price objective on shares of AT&T from $32.00 to $33.00 and gave the stock a “hold” rating in a research note on Thursday, July 23rd. Oppenheimer lowered AT&T from an “outperform” rating to a “market perform” rating in a research note on Wednesday, June 3rd. The Goldman Sachs Group set a $30.00 target price on AT&T in a report on Wednesday, July 22nd. Morgan Stanley raised their price target on AT&T from $25.00 to $27.00 and gave the stock an “overweight” rating in a research report on Thursday, July 23rd. Finally, Scotiabank cut 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 investment 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 company. According to MarketBeat.com, AT&T has an average rating of “Moderate Buy” and an average price target of $29.19.

AT&T Price Performance

The company has a market capitalization of $170.58 billion, a price-to-earnings ratio of 8.24, a PEG ratio of 0.99 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. The company’s 50 day simple moving average is $22.58 and its 200-day simple moving average is $25.25.

AT&T (NYSE:T) last posted its quarterly earnings data on Wednesday, July 22nd. The technology company reported $0.65 earnings per share for the quarter, beating analysts’ consensus estimates of $0.59 by $0.06. The business had revenue of $31.56 billion during 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%. The company’s revenue was up 2.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.54 earnings per share. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. On average, equities research analysts predict that AT&T Inc. will post 2.34 earnings per share for the current fiscal year.

AT&T Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, August 3rd. Shareholders of record on Friday, July 10th were issued a $0.2775 dividend. The ex-dividend date was Friday, July 10th. This represents a $1.11 annualized dividend and a yield of 4.5%. AT&T’s payout ratio is 36.75%.

Institutional Investors Weigh In On AT&T

Hedge funds have recently made changes to their positions in the business. Norges Bank acquired a new position in AT&T in the fourth quarter valued at $2,181,977,000. GQG Partners LLC purchased a new stake in AT&T in the 2nd quarter valued at about $1,223,364,000. Legal & General Group Plc acquired a new position in shares of AT&T during the 2nd quarter valued at about $960,695,000. Amundi increased its stake in shares of AT&T by 67.5% during the 3rd quarter. Amundi now owns 42,295,492 shares of the technology company’s stock valued at $1,094,184,000 after acquiring an additional 17,040,328 shares during the last quarter. Finally, Alyeska Investment Group L.P. lifted its holdings in shares of AT&T by 620.8% during the 4th quarter. Alyeska Investment Group L.P. now owns 11,891,778 shares of the technology company’s stock worth $295,392,000 after acquiring an additional 10,241,949 shares during the period. Institutional investors and hedge funds 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.