AT&T (NYSE:T) Trading Up 2.5% – Still a Buy?

AT&T Inc. (NYSE:TGet Free Report)’s stock price rose 2.5% on Tuesday . The stock traded as high as $28.75 and last traded at $28.71. Approximately 43,820,064 shares were traded during trading, a decline of 6% from the average daily volume of 46,456,434 shares. The stock had previously closed at $28.01.

AT&T News Summary

Here are the key news stories impacting AT&T this week:

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Wells Fargo & Company lowered their price target on shares of AT&T from $29.00 to $27.00 and set an “overweight” rating for the company in a research report on Monday, January 26th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $31.00 target price on shares of AT&T in a report on Thursday, February 12th. Williams Trading set a $32.00 price target on AT&T in a research note on Thursday, January 29th. Arete Research set a $20.00 price target on AT&T in a research report on Tuesday, January 6th. Finally, Scotiabank reiterated a “sector perform” rating and issued a $29.50 price objective on shares of AT&T in a report on Wednesday, January 7th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $29.93.

Get Our Latest Report on AT&T

AT&T Trading Up 0.1%

The business has a 50 day simple moving average of $25.88 and a 200-day simple moving average of $26.36. The stock has a market capitalization of $203.16 billion, a price-to-earnings ratio of 9.51, a PEG ratio of 1.06 and a beta of 0.39. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.91 and a quick ratio of 0.86.

AT&T (NYSE:TGet Free Report) last released its quarterly earnings results on Wednesday, January 28th. The technology company reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.46 by $0.06. AT&T had a return on equity of 12.33% and a net margin of 17.47%.The company had revenue of $33.47 billion for the quarter, compared to analyst estimates of $32.91 billion. During the same quarter last year, the firm posted $0.43 earnings per share. AT&T’s revenue was up 3.6% compared to the same quarter last year. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. As a group, equities analysts expect that AT&T Inc. will post 2.14 earnings per share for the current year.

AT&T Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, February 2nd. Stockholders of record on Monday, January 12th were issued a $0.2775 dividend. This represents a $1.11 annualized dividend and a dividend yield of 3.8%. The ex-dividend date was Monday, January 12th. AT&T’s dividend payout ratio is 36.39%.

Institutional Investors Weigh In On AT&T

Several institutional investors have recently added to or reduced their stakes in the stock. Csenge Advisory Group increased its holdings in shares of AT&T by 20.3% in the third quarter. Csenge Advisory Group now owns 189,293 shares of the technology company’s stock valued at $5,346,000 after purchasing an additional 31,935 shares during the last quarter. Rhumbline Advisers lifted its stake in shares of AT&T by 0.4% during the 3rd quarter. Rhumbline Advisers now owns 12,810,872 shares of the technology company’s stock worth $361,779,000 after buying an additional 49,727 shares during the last quarter. Wealthfront Advisers LLC boosted its holdings in shares of AT&T by 4.9% during the 3rd quarter. Wealthfront Advisers LLC now owns 1,411,031 shares of the technology company’s stock worth $39,848,000 after buying an additional 66,448 shares during the period. Vise Technologies Inc. acquired a new position in AT&T in the 2nd quarter valued at about $6,221,000. Finally, Sumitomo Mitsui Trust Group Inc. grew its stake in AT&T by 1.4% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 18,133,054 shares of the technology company’s stock valued at $512,077,000 after buying an additional 248,567 shares during the last quarter. 57.10% of the stock is owned by institutional investors.

About AT&T

(Get Free Report)

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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