AT&T (NYSE:T) Trading 1.3% Higher - What's Next?

Key Points

• AT&T shares rose 1.3% to about $24.89 in Friday trading, although volume was 49% below the average session level.
• Analysts maintain a consensus “Moderate Buy” rating with a $29.19 average price target, implying potential upside from current levels despite mixed recent rating changes.
• AT&T exceeded quarterly EPS expectations, reporting $0.65 versus $0.59 estimated, while revenue rose 2.3% year over year. The company also declared a $0.2775 quarterly dividend, equivalent to a 4.5% annualized yield.

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Wells Fargo & Company upped their price target on AT&T from $18.00 to $20.00 and gave the stock an "underweight" rating in a research note on Thursday, July 23rd. Oppenheimer lowered shares of AT&T from an "outperform" rating to a "market perform" rating in a research report on Wednesday, June 3rd. Wolfe Research raised shares of AT&T from a "peer perform" rating to an "outperform" rating and set a $29.00 price objective on the stock in a research note on Thursday, July 23rd. Argus dropped their price objective on shares of AT&T from $33.00 to $30.00 and set a "buy" rating on the stock in a research note on Thursday, July 23rd. Finally, Royal Bank Of Canada cut their price objective on shares of AT&T from $31.00 to $27.00 and set an "outperform" rating for the company in a research report on Monday, July 20th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $29.19.

AT&T Price Performance

The stock has a fifty day moving average of $22.58 and a two-hundred day moving average of $25.25. The stock has a market cap of $170.58 billion, a price-to-earnings ratio of 8.24, a price-to-earnings-growth ratio of 0.99 and a beta of 0.23. The company has a quick ratio of 0.93, a current ratio of 0.97 and a debt-to-equity ratio of 1.06.

AT&T (NYSE:T - Get Free Report) last released its earnings results on Wednesday, July 22nd. The technology company reported $0.65 EPS 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 during the quarter, compared to the consensus estimate of $31.80 billion. During the same quarter last year, the company earned $0.54 earnings per share. AT&T's quarterly revenue was up 2.3% compared to the same quarter last year. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. On average, equities research analysts anticipate that AT&T Inc. will post 2.34 earnings per share for the current year.

AT&T Dividend Announcement

The business 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. 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 (DPR) is presently 36.75%.

Institutional Investors Weigh In On AT&T

A number of institutional investors and hedge funds have recently modified their holdings of T. Rachor Investment Advisory Services LLC acquired a new stake in AT&T in the fourth quarter valued at $25,000. Safe Harbor Fiduciary LLC acquired a new position in shares of AT&T during the 4th quarter worth $25,000. Cresta Advisors Ltd. purchased a new stake in shares of AT&T in the 4th quarter worth about $26,000. Blueline Advisors LLC purchased a new stake in shares of AT&T in the 4th quarter worth about $26,000. Finally, Winnow Wealth LLC grew its stake in AT&T by 362.8% in the 4th quarter. Winnow Wealth LLC now owns 1,046 shares of the technology company's stock valued at $26,000 after acquiring an additional 820 shares during the last quarter. Institutional investors and hedge funds 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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