AT&T (NYSE:T) Trading Down 1.2% – Should You Sell?

AT&T Inc. (NYSE:T) shares traded down 1.2% on Tuesday . The stock traded as low as $27.92 and last traded at $27.9730. 26,867,007 shares traded hands during mid-day trading, a decline of 40% from the average session volume of 45,085,434 shares. The stock had previously closed at $28.32.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Citigroup increased their price target on shares of AT&T from $29.00 to $31.50 and gave the stock a “buy” rating in a research report on Monday, March 23rd. The Goldman Sachs Group decreased their price target on shares of AT&T from $33.00 to $29.00 and set a “buy” rating on the stock in a research report on Friday, December 19th. Williams Trading set a $32.00 price target on shares of AT&T in a research report on Thursday, January 29th. Wolfe Research downgraded shares of AT&T from an “outperform” rating to a “peer perform” rating in a research report on Monday, December 15th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a $31.00 price target on shares of AT&T in a research report on Thursday, February 12th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat.com, AT&T presently has a consensus rating of “Moderate Buy” and an average price target of $30.74.

AT&T Trading Down 1.2%

The stock’s 50 day moving average price is $27.80 and its 200-day moving average price is $26.18. 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 stock has a market capitalization of $195.35 billion, a PE ratio of 9.17, a PEG ratio of 1.06 and a beta of 0.34.

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

AT&T Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, May 1st. Investors of record on Friday, April 10th will be paid a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a yield of 4.0%. The ex-dividend date of this dividend is Friday, April 10th. AT&T’s dividend payout ratio (DPR) is presently 36.39%.

Hedge Funds Weigh In On AT&T

Several institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. grew its stake in AT&T by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 664,055,700 shares of the technology company’s stock valued at $16,495,144,000 after acquiring an additional 3,585,661 shares in the last quarter. State Street Corp grew its stake in AT&T by 2.6% during the fourth quarter. State Street Corp now owns 332,089,723 shares of the technology company’s stock valued at $8,249,109,000 after acquiring an additional 8,314,678 shares in the last quarter. Bank of America Corp DE grew its stake in AT&T by 3.5% during the fourth quarter. Bank of America Corp DE now owns 119,742,478 shares of the technology company’s stock valued at $2,974,403,000 after acquiring an additional 4,079,062 shares in the last quarter. Norges Bank purchased a new position in AT&T during the fourth quarter valued at $2,181,977,000. Finally, Capital Research Global Investors grew its stake in AT&T by 0.6% during the third quarter. Capital Research Global Investors now owns 65,607,835 shares of the technology company’s stock valued at $1,852,765,000 after acquiring an additional 370,455 shares in the last quarter. 57.10% of the stock is owned by hedge funds and other institutional investors.

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.