AT&T (NYSE:T) Shares Up 1.6% - What's Next?

Key Points

• AT&T shares rose 1.6% to about $25.70, with trading volume roughly 48% below its average daily level.
• Analyst sentiment is generally positive: AT&T has a “Moderate Buy” consensus rating and a $29.19 average price target, though several firms maintain hold or underweight ratings.
• The company reported quarterly EPS of $0.65, beating estimates, while revenue increased 2.3% year over year. AT&T also maintains a quarterly dividend of $0.2775 per share, equivalent to a 4.3% yield.

AT&T Inc. (NYSE:T - Get Free Report) rose 1.6% on Monday . The stock traded as high as $25.77 and last traded at $25.7040. 26,240,537 shares traded hands during trading, a decline of 48% from the average daily volume of 50,334,902 shares. The stock had previously closed at $25.29.

Wall Street Analyst Weigh In

Several research firms have commented on T. Sanford C. Bernstein restated an "outperform" rating and issued a $25.00 price target on shares of AT&T in a report on Monday, July 13th. Barclays cut their price objective on shares of AT&T from $26.00 to $24.00 and set an "equal weight" rating on the stock in a report on Wednesday, July 8th. Wells Fargo & Company boosted their target price on shares of AT&T from $18.00 to $20.00 and gave the company an "underweight" rating in a report on Thursday, July 23rd. TD Cowen boosted their price target on AT&T from $32.00 to $33.00 and gave the company a "hold" rating in a research report on Thursday, July 23rd. Finally, Weiss Ratings upgraded AT&T from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Monday, August 3rd. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $29.19.

AT&T Trading Up 1.6%

The business's 50-day moving average price is $22.83 and its 200 day moving average price is $25.27. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.97 and a quick ratio of 0.93. The firm has a market capitalization of $176.13 billion, a price-to-earnings ratio of 8.51, a PEG ratio of 1.03 and a beta of 0.23.

AT&T (NYSE:T - Get Free Report) last posted its quarterly earnings results on Wednesday, July 22nd. The technology company reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.06. AT&T had a net margin of 16.94% and a return on equity of 12.86%. The firm had revenue of $31.56 billion for the quarter, compared to analysts' expectations of $31.80 billion. During the same period in the prior year, the company posted $0.54 earnings per share. The firm's quarterly revenue was up 2.3% on a year-over-year basis. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. On average, equities analysts forecast that AT&T Inc. will post 2.34 earnings per share for the current fiscal year.

AT&T Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, August 3rd. Stockholders of record on Friday, July 10th were given a dividend of $0.2775 per share. The ex-dividend date was Friday, July 10th. This represents a $1.11 annualized dividend and a dividend yield of 4.3%. AT&T's dividend payout ratio is currently 36.75%.

Hedge Funds Weigh In On AT&T

Several hedge funds and other institutional investors have recently made changes to their positions in T. Vanguard Group Inc. increased its position in shares of AT&T by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 664,055,700 shares of the technology company's stock valued at $16,495,144,000 after purchasing an additional 3,585,661 shares during the period. State Street Corp grew its holdings in AT&T by 2.6% during the fourth quarter. State Street Corp now owns 332,089,723 shares of the technology company's stock worth $8,249,109,000 after acquiring an additional 8,314,678 shares during the period. California State Teachers Retirement System raised its position in AT&T by 1,920.3% in the second quarter. California State Teachers Retirement System now owns 221,126,798 shares of the technology company's stock worth $4,577,325,000 after acquiring an additional 210,181,579 shares in the last quarter. Bank of America Corp DE raised its position in AT&T by 4.6% in the first quarter. Bank of America Corp DE now owns 125,191,700 shares of the technology company's stock worth $3,629,307,000 after acquiring an additional 5,449,222 shares in the last quarter. Finally, Norges Bank acquired a new stake in AT&T in the 4th quarter valued at about $2,181,977,000. 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.

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