AT&T (NYSE:T) Stock Price Up 1.1% - What's Next?

Key Points

• AT&T shares rose 1.1% to $25.17, with trading volume 41% below the average daily level. The stock trades near its 200-day moving average and has a market capitalization of approximately $172.5 billion.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $29.19, despite several recent target cuts and one downgrade. AT&T’s latest quarter beat EPS estimates, while revenue increased 2.3% year over year.
• AT&T declared a quarterly dividend of $0.2775, equivalent to $1.11 annually and a 4.4% yield. Institutional investors own 57.1% of the company’s stock.

AT&T Inc. (NYSE:T - Get Free Report) shares rose 1.1% during trading on Wednesday . The stock traded as high as $25.48 and last traded at $25.1670. Approximately 29,933,276 shares were traded during trading, a decline of 41% from the average daily volume of 50,787,520 shares. The stock had previously closed at $24.90.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. BNP Paribas Exane reduced their target price on AT&T from $28.00 to $26.00 and set a "neutral" rating on the stock in a report on Thursday, April 23rd. Royal Bank Of Canada reduced their price objective on AT&T from $31.00 to $27.00 and set an "outperform" rating on the stock in a research note on Monday, July 20th. Oppenheimer downgraded AT&T from an "outperform" rating to a "market perform" rating in a research report on Wednesday, June 3rd. Scotiabank cut their target price on shares of AT&T from $31.00 to $29.25 and set a "sector perform" rating for the company in a report on Wednesday, July 15th. Finally, Argus reduced their price target on shares of AT&T from $33.00 to $30.00 and set a "buy" rating on the stock in a research report on Thursday, July 23rd. One equities research 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, AT&T presently has an average rating of "Moderate Buy" and a consensus target price of $29.19.

AT&T Stock Up 1.1%

The company has a 50 day simple moving average of $22.71 and a two-hundred day simple moving average of $25.28. 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 company has a market capitalization of $172.45 billion, a P/E ratio of 8.33, a PEG ratio of 1.01 and a beta of 0.23.

AT&T (NYSE:T - Get Free Report) last issued its quarterly earnings data on Wednesday, July 22nd. The technology company reported $0.65 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.59 by $0.06. The business had revenue of $31.56 billion for the quarter, compared to the consensus estimate of $31.80 billion. AT&T had a return on equity of 12.86% and a net margin of 16.94%.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 business posted $0.54 earnings per share. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. As a group, equities analysts predict that AT&T Inc. will post 2.34 EPS for the current year.

AT&T Dividend Announcement

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

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of T. Tsfg LLC boosted its stake in shares of AT&T by 3.6% during the fourth quarter. Tsfg LLC now owns 10,656 shares of the technology company's stock worth $265,000 after buying an additional 366 shares during the period. Lifestyle Asset Management Inc. boosted its holdings in AT&T by 3.6% in the 4th quarter. Lifestyle Asset Management Inc. now owns 10,511 shares of the technology company's stock valued at $261,000 after purchasing an additional 368 shares in the last quarter. Hillsdale Investment Management Inc. grew its holdings in AT&T by 1.2% during the fourth quarter. Hillsdale Investment Management Inc. now owns 31,970 shares of the technology company's stock worth $794,000 after acquiring an additional 370 shares during the period. Bruce G. Allen Investments LLC raised its position in AT&T by 1.7% in the fourth quarter. Bruce G. Allen Investments LLC now owns 22,398 shares of the technology company's stock worth $556,000 after acquiring an additional 374 shares in the last quarter. Finally, Rockline Wealth Management LLC raised its position in AT&T by 3.8% in the fourth quarter. Rockline Wealth Management LLC now owns 10,445 shares of the technology company's stock worth $259,000 after acquiring an additional 378 shares in the last quarter. Institutional investors own 57.10% of the company's stock.

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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