AT&T (NYSE:T) Trading Up 1.4% - Still a Buy?

Key Points

• AT&T shares rose 1.4% to about $24.59, while trading volume remained below the stock’s average daily level. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $29.19.
• AT&T’s latest quarterly results exceeded expectations, with earnings of $0.65 per share versus the $0.59 consensus estimate. Revenue increased 2.3% year over year to $31.56 billion, though it fell slightly short of forecasts.
• The company’s quarterly dividend of $0.2775 implies an annualized payout of $1.11 and a 4.5% dividend yield; its payout ratio is 36.75%. Institutional investors own 57.1% of outstanding shares.

AT&T Inc. (NYSE:T - Get Free Report) rose 1.4% during mid-day trading on Thursday . The stock traded as high as $24.68 and last traded at $24.5880. 35,171,263 shares were traded during trading, a decline of 31% from the average daily volume of 51,274,492 shares. The stock had previously closed at $24.25.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on T shares. Weiss Ratings upgraded shares of AT&T from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Monday, August 3rd. The Goldman Sachs Group set a $30.00 target price on shares of AT&T in a research report on Wednesday, July 22nd. Oppenheimer lowered shares of AT&T from an "outperform" rating to a "market perform" rating in a report on Wednesday, June 3rd. Wells Fargo & Company boosted their price objective on shares of AT&T from $18.00 to $20.00 and gave the stock an "underweight" rating in a research report on Thursday, July 23rd. Finally, BNP Paribas Exane reduced their price objective on AT&T from $28.00 to $26.00 and set a "neutral" rating on the stock in a report on Thursday, April 23rd. One 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 stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $29.19.

AT&T Trading Up 1.4%

The company has a market capitalization of $168.49 billion, a price-to-earnings ratio of 8.14, a P/E/G ratio of 1.00 and a beta of 0.23. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.93 and a current ratio of 0.97. The business's 50-day simple moving average is $22.54 and its 200-day simple moving average is $25.24.

AT&T (NYSE:T - Get Free Report) last issued its quarterly earnings results on Wednesday, July 22nd. The technology company reported $0.65 EPS for the quarter, topping 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 company had revenue of $31.56 billion during the quarter, compared to analysts' expectations of $31.80 billion. During the same quarter in the previous year, the company earned $0.54 EPS. AT&T's 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, research analysts expect that AT&T Inc. will post 2.34 earnings per share for the current fiscal year.

AT&T Announces Dividend

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 $0.2775 dividend. This represents a $1.11 annualized dividend and a dividend yield of 4.5%. The ex-dividend date was Friday, July 10th. AT&T's dividend payout ratio (DPR) is currently 36.75%.

Hedge Funds Weigh In On AT&T

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

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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