AT&T (NYSE:T) Shares Up 1% - What's Next?

Key Points

• AT&T shares rose 1% to about $24.94 in Tuesday trading, though volume was 33% below the daily average. Analysts maintain a “Moderate Buy” consensus, with an average price target of $29.19 despite several recent target-price cuts.
• AT&T’s latest quarterly results beat expectations on earnings, reporting $0.65 EPS versus $0.59 expected, while revenue increased 2.3% year over year to $31.56 billion but fell slightly short of estimates.
• The company pays a quarterly dividend of $0.2775, equivalent to $1.11 annually and a 4.5% yield. Institutional investors and hedge funds own 57.1% of the stock.

AT&T Inc. (NYSE:T - Get Free Report) shares shot up 1% during trading on Tuesday . The stock traded as high as $25.23 and last traded at $24.9360. 34,282,169 shares were traded during mid-day trading, a decline of 33% from the average daily volume of 50,865,590 shares. The stock had previously closed at $24.68.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. Royal Bank Of Canada reduced their target price on AT&T from $31.00 to $27.00 and set an "outperform" rating for the company in a research note on Monday, July 20th. Argus cut their price target on shares of AT&T from $33.00 to $30.00 and set a "buy" rating for the company in a report on Thursday, July 23rd. Scotiabank reduced their price objective on shares of AT&T from $31.00 to $29.25 and set a "sector perform" rating for the company in a research report on Wednesday, July 15th. Wall Street Zen raised shares of AT&T from a "sell" rating to a "hold" rating in a report on Saturday, June 20th. Finally, BNP Paribas Exane dropped their target price on shares of AT&T from $28.00 to $26.00 and set a "neutral" rating on the stock in a research report on Thursday, April 23rd. 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 given a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $29.19.

AT&T Price Performance

The company has a quick ratio of 0.93, a current ratio of 0.97 and a debt-to-equity ratio of 1.06. The stock has a market capitalization of $170.87 billion, a PE ratio of 8.26, a PEG ratio of 1.01 and a beta of 0.23. The company has a 50-day moving average of $22.66 and a 200 day moving average of $25.27.

AT&T (NYSE:T - Get Free Report) last announced 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. AT&T had a return on equity of 12.86% and a net margin of 16.94%.The company had revenue of $31.56 billion for the quarter, compared to analyst estimates of $31.80 billion. During the same quarter last year, the firm posted $0.54 EPS. The firm's revenue for the quarter was up 2.3% on a year-over-year basis. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. Sell-side analysts predict that AT&T Inc. will post 2.34 EPS for the current year.

AT&T Announces Dividend

The firm 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 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date was Friday, July 10th. AT&T's dividend payout ratio is 36.75%.

Hedge Funds Weigh In On AT&T

Institutional investors and hedge funds have recently bought and sold shares of the business. Fairway Wealth LLC purchased a new position in AT&T in the 1st quarter worth approximately $29,000. Robinswood Financial LLC purchased a new stake in shares of AT&T in the first quarter valued at approximately $29,000. Safe Harbor Fiduciary LLC acquired a new stake in shares of AT&T in the fourth quarter valued at approximately $25,000. Rachor Investment Advisory Services LLC acquired a new stake in shares of AT&T in the fourth quarter valued at approximately $25,000. Finally, Cresta Advisors Ltd. purchased a new position in AT&T during the fourth quarter worth approximately $26,000. 57.10% of the stock is currently owned by institutional investors and hedge funds.

About AT&T

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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