AT&T (NYSE:T) Trading Down 3.9% – What’s Next?

AT&T Inc. (NYSE:T)’s share price traded down 3.9% during trading on Monday . The stock traded as low as $27.39 and last traded at $27.5370. 50,698,905 shares were traded during trading, an increase of 10% from the average session volume of 46,032,246 shares. The stock had previously closed at $28.64.

Wall Street Analyst Weigh In

T has been the subject of a number of recent research reports. TD Cowen restated a “hold” rating on shares of AT&T in a research report on Thursday, January 29th. KeyCorp reissued an “overweight” rating on shares of AT&T in a research note on Wednesday, January 21st. The Goldman Sachs Group lowered their price objective on shares of AT&T from $33.00 to $29.00 and set a “buy” rating for the company in a report on Friday, December 19th. Barclays cut their price objective on shares of AT&T from $28.00 to $26.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 13th. Finally, Morgan Stanley reduced their target price on shares of AT&T from $32.00 to $30.00 and set an “overweight” rating on the stock in a report on Wednesday, December 10th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $30.00.

AT&T Stock Down 3.9%

The company has a current ratio of 0.91, a quick ratio of 0.86 and a debt-to-equity ratio of 1.00. The stock has a 50 day simple moving average of $26.04 and a 200 day simple moving average of $26.33. The firm has a market capitalization of $192.77 billion, a PE ratio of 9.03, a PEG ratio of 1.07 and a beta of 0.39.

AT&T (NYSE:T) last released its quarterly earnings data on Wednesday, January 28th. The technology company reported $0.52 earnings per share for the quarter, beating 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 firm had revenue of $33.47 billion during the quarter, compared to analyst estimates of $32.91 billion. During the same quarter in the prior year, the firm posted $0.43 earnings per share. The business’s quarterly 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, sell-side analysts forecast that AT&T Inc. will post 2.14 earnings per share for the current year.

AT&T Announces Dividend

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

Hedge Funds Weigh In On AT&T

Several hedge funds and other institutional investors have recently modified their holdings of the company. Brighton Jones LLC grew its position in shares of AT&T by 26.5% in the 4th quarter. Brighton Jones LLC now owns 48,579 shares of the technology company’s stock worth $1,106,000 after buying an additional 10,188 shares during the last quarter. Penserra Capital Management LLC boosted its holdings in AT&T by 703.5% in the second quarter. Penserra Capital Management LLC now owns 394,644 shares of the technology company’s stock valued at $11,419,000 after acquiring an additional 345,527 shares in the last quarter. Legacy Investment Solutions LLC purchased a new position in AT&T during the 2nd quarter valued at $32,000. AGF Management Ltd. increased its position in AT&T by 4.1% during the 2nd quarter. AGF Management Ltd. now owns 195,373 shares of the technology company’s stock valued at $5,654,000 after purchasing an additional 7,763 shares during the period. Finally, RWA Wealth Partners LLC raised its holdings in AT&T by 7.0% in the 2nd quarter. RWA Wealth Partners LLC now owns 138,118 shares of the technology company’s stock worth $3,997,000 after purchasing an additional 9,035 shares in the last quarter. 57.10% of the stock is owned by 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.