AT&T (NYSE:T) Stock Price Down 5.2% – Here’s Why

Shares of AT&T Inc. (NYSE:T) traded down 5.2% on Tuesday . The company traded as low as $20.57 and last traded at $20.6950. 126,693,387 shares were traded during trading, an increase of 178% from the average daily volume of 45,525,582 shares. The stock had previously closed at $21.82.

More AT&T News

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

• Positive Sentiment: AT&T expanded its Build-A-Plan service, allowing customers to combine customized wireless plans with fiber or home internet options, which could support growth and customer stickiness. Here is Why AT&T (T) is One of the Most Buzzing Stocks to Buy Right Now
• Positive Sentiment: Traders bought unusual volume in AT&T call options, signaling bullish sentiment and expectations for continued upside.
• Neutral Sentiment: AT&T is getting more attention from investors and analysts ahead of earnings, keeping the stock in focus. Is Most-Watched Stock AT&T Inc. (T) Worth Betting on Now?
• Neutral Sentiment: EchoStar’s Dish DBS filed Chapter 11 after delays in closing the spectrum sale to AT&T, keeping attention on AT&T’s pending spectrum deal. EchoStar’s Dish files Chapter 11 after spectrum sale to AT&T is delayed
• Negative Sentiment: Oppenheimer downgraded AT&T on concern that SpaceX’s satellite service could intensify long-term competitive pressure on traditional telecoms. Oppenheimer downgrades AT&T stock on SpaceX threat

Wall Street Analyst Weigh In

Several research firms recently issued reports on T. Oppenheimer cut shares of AT&T from an “outperform” rating to a “market perform” rating in a report on Wednesday, June 3rd. Weiss Ratings downgraded shares of AT&T from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, May 29th. Morgan Stanley began coverage on shares of AT&T in a research note on Thursday, April 16th. They issued an “overweight” rating and a $30.00 target price on the stock. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $31.00 price target on shares of AT&T in a research report on Wednesday, May 20th. Finally, KeyCorp increased their target price on AT&T from $30.00 to $36.00 and gave the stock an “overweight” rating in a report on Wednesday, March 25th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $30.55.

AT&T Trading Up 0.4%

The stock has a market cap of $142.89 billion, a P/E ratio of 6.90, a price-to-earnings-growth ratio of 0.84 and a beta of 0.24. The firm’s 50 day simple moving average is $24.10 and its two-hundred day simple moving average is $25.58. The company has a quick ratio of 0.87, a current ratio of 0.92 and a debt-to-equity ratio of 1.05.

AT&T (NYSE:T) last posted its quarterly earnings results on Wednesday, April 22nd. The technology company reported $0.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.55 by $0.02. AT&T had a net margin of 16.94% and a return on equity of 12.49%. The company had revenue of $31.51 billion for the quarter, compared to the consensus estimate of $31.29 billion. During the same period last year, the firm posted $0.51 EPS. The company’s revenue for the quarter was up 2.9% on a year-over-year basis. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. As a group, equities research analysts predict that AT&T Inc. will post 2.31 earnings per share for the current fiscal year.

AT&T Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 3rd. Shareholders of record on Friday, July 10th will be issued a $0.2775 dividend. The ex-dividend date of this dividend is Friday, July 10th. This represents a $1.11 dividend on an annualized basis and a yield of 5.4%. AT&T’s dividend payout ratio (DPR) is currently 37.25%.

Hedge Funds Weigh In On AT&T

Institutional investors have recently made changes to their positions in the stock. Norges Bank acquired a new stake in AT&T in the fourth quarter worth $2,181,977,000. Amundi boosted its holdings in shares of AT&T by 67.5% during the third quarter. Amundi now owns 42,295,492 shares of the technology company’s stock valued at $1,094,184,000 after acquiring an additional 17,040,328 shares during the period. Alyeska Investment Group L.P. boosted its holdings in shares of AT&T by 620.8% during the fourth quarter. Alyeska Investment Group L.P. now owns 11,891,778 shares of the technology company’s stock valued at $295,392,000 after acquiring an additional 10,241,949 shares during the period. State Street Corp boosted its holdings in shares of 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 during the period. Finally, Arrowstreet Capital Limited Partnership grew its position in shares of AT&T by 49.2% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 25,155,597 shares of the technology company’s stock worth $624,865,000 after acquiring an additional 8,297,201 shares during the last quarter. 57.10% of the stock is owned by 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.