AT&T (NYSE:T) Trading Down 1.5% – Should You Sell?

AT&T Inc. (NYSE:T)’s share price fell 1.5% on Thursday . The stock traded as low as $27.41 and last traded at $27.45. 33,696,577 shares traded hands during trading, a decline of 28% from the average session volume of 46,524,859 shares. The stock had previously closed at $27.87.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on T. KeyCorp reissued an “overweight” rating on shares of AT&T in a research report on Wednesday, January 21st. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $33.00 price target on shares of AT&T in a research report on Thursday, January 29th. Scotiabank reiterated a “sector perform” rating and issued a $29.50 price objective on shares of AT&T in a research report on Wednesday, January 7th. Wells Fargo & Company reduced their target price on AT&T from $29.00 to $27.00 and set an “overweight” rating on the stock in a research report on Monday, January 26th. Finally, Williams Trading set a $32.00 price target on AT&T in a research note on Thursday, January 29th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $29.93.

AT&T Price Performance

The company’s 50-day moving average price is $25.49 and its 200-day moving average price is $26.37. The company has a quick ratio of 0.86, a current ratio of 0.91 and a debt-to-equity ratio of 1.00. The firm has a market cap of $192.17 billion, a price-to-earnings ratio of 9.00, a PEG ratio of 1.05 and a beta of 0.39.

AT&T (NYSE:T) last announced its earnings results on Wednesday, January 28th. The technology company reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.46 by $0.06. AT&T had a net margin of 17.47% and a return on equity of 12.33%. The firm had revenue of $33.47 billion for the quarter, compared to the consensus estimate of $32.91 billion. During the same period in the prior year, the firm earned $0.43 EPS. The firm’s revenue for the quarter was up 3.6% on a year-over-year basis. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. On average, equities research analysts forecast that AT&T Inc. will post 2.14 EPS for the current year.

AT&T Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, February 2nd. Investors of record on Monday, January 12th were paid a $0.2775 dividend. The ex-dividend date was Monday, January 12th. This represents a $1.11 dividend on an annualized basis and a yield of 4.0%. AT&T’s payout ratio is currently 36.39%.

Institutional Investors Weigh In On AT&T

Institutional investors have recently modified their holdings of the company. Front Row Advisors LLC acquired a new stake in shares of AT&T during the 2nd quarter worth about $25,000. Mountain Hill Investment Partners Corp. lifted its position in AT&T by 363.7% in the third quarter. Mountain Hill Investment Partners Corp. now owns 895 shares of the technology company’s stock valued at $25,000 after acquiring an additional 702 shares during the last quarter. GGM Financials LLC acquired a new position in AT&T in the third quarter valued at $25,000. Safe Harbor Fiduciary LLC acquired a new position in AT&T in the fourth quarter valued at $25,000. Finally, Rachor Investment Advisory Services LLC purchased a new position in shares of AT&T during the fourth quarter worth about $25,000. 57.10% of the stock is owned by hedge funds and other institutional investors.

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.