AT&T (NYSE:T) Trading 1.2% Higher - Time to Buy?

Key Points

• AT&T shares rose 1.2% to $24.07 in mid-day trading, while trading volume was about 17% below its average. The stock remains below its 200-day moving average of $25.23.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $29.19, despite several recent target-price cuts and one downgrade to “market perform.”
• AT&T reported quarterly EPS of $0.65, beating estimates by $0.06, while revenue increased 2.3% year over year to $31.56 billion. The company also pays a quarterly dividend of $0.2775, equivalent to a 4.6% annualized yield.

AT&T Inc. (NYSE:T - Get Free Report)'s stock price rose 1.2% during mid-day trading on Monday . The company traded as high as $24.09 and last traded at $24.07. Approximately 42,580,705 shares changed hands during trading, a decline of 17% from the average daily volume of 51,610,277 shares. The stock had previously closed at $23.79.

Analysts Set New Price Targets

Several brokerages have recently commented on T. Argus lowered their target price on shares of AT&T from $33.00 to $30.00 and set a "buy" rating on the stock in a report on Thursday, July 23rd. Oppenheimer cut AT&T from an "outperform" rating to a "market perform" rating in a research note on Wednesday, June 3rd. Wall Street Zen raised AT&T from a "sell" rating to a "hold" rating in a research report on Saturday, June 20th. BNP Paribas Exane dropped their price objective on AT&T from $28.00 to $26.00 and set a "neutral" rating for the company in a report on Thursday, April 23rd. Finally, Wells Fargo & Company lifted their price objective on AT&T from $18.00 to $20.00 and gave the company an "underweight" rating in a report on Thursday, July 23rd. One research 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's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $29.19.

AT&T Stock Up 1.2%

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 firm has a 50 day moving average of $22.54 and a two-hundred day moving average of $25.23. The firm has a market capitalization of $164.94 billion, a price-to-earnings ratio of 7.97, a price-to-earnings-growth ratio of 0.97 and a beta of 0.23.

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

AT&T Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, August 3rd. Shareholders 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 4.6%. AT&T's dividend payout ratio (DPR) is currently 36.75%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Empirical Asset Management LLC bought a new position in shares of AT&T in the 2nd quarter valued at $207,000. Chancellor Financial Group WB LP bought a new stake in AT&T during the 2nd quarter worth $322,000. Stevens Capital Partners bought a new stake in AT&T during the 2nd quarter worth $2,441,000. BOK Financial Private Wealth Inc. acquired a new position in AT&T in the 2nd quarter worth about $71,000. Finally, Danica Pension Livsforsikringsaktieselskab acquired a new position in AT&T in the 2nd quarter worth about $1,192,000. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source