AT&T (NYSE:T) Shares Up 1% – Here’s What Happened

Shares of AT&T Inc. (NYSE:T) were up 1% on Tuesday . The company traded as high as $25.32 and last traded at $24.67. Approximately 57,282,534 shares traded hands during trading, an increase of 11% from the average session volume of 51,392,309 shares. The stock had previously closed at $24.42.

Key AT&T News

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

• Positive Sentiment: AT&T completed its approximately $23 billion acquisition of EchoStar spectrum licenses, adding about 50 MHz of nationwide low- and mid-band spectrum. The added capacity could improve 5G speed, coverage and network competitiveness across virtually every U.S. market. AT&T reaffirmed its previously issued financial outlook and capital-allocation plan. AT&T closes $23 billion deal to acquire spectrum from EchoStar
• Positive Sentiment: AT&T’s Internet Air 5G home broadband service reached 2 million subscribers, adding its second million in roughly half the time required to reach the first. More than half of customers also use AT&T wireless, highlighting cross-selling potential and supporting the company’s converged-services strategy. AT&T Internet Air Doubles Subscribers in Almost Half the Time
• Positive Sentiment: AT&T expanded its use of D-Wave’s quantum-computing technology for network optimization. The technology reportedly reduced a network task from about 60 minutes to 15 seconds, potentially offering long-term efficiency benefits, although the financial impact is not yet quantified. D-Wave’s AT&T Deal Shows Quantum Computing Is Moving Beyond Theory
• Neutral Sentiment: AT&T is raising prices for additional legacy wireless-plan customers beginning in August. The move could lift average revenue per user and encourage migration to newer plans, but investor reaction may depend on customer retention and churn. AT&T Is Raising Prices for More Legacy Customers
• Negative Sentiment: The $23 billion spectrum purchase increases near-term capital demands and raises questions about returns on the investment, contributing to pressure on the shares despite the potential network benefits. Erste Group Bank made only a modest reduction to its FY2027 EPS forecast, to $2.55 from $2.56, signaling limited immediate earnings momentum. AT&T Closes Acquisition of Spectrum Licenses from EchoStar

Wall Street Analyst Weigh In

Several brokerages recently issued reports on T. Royal Bank Of Canada reduced their price objective on AT&T from $31.00 to $27.00 and set an “outperform” rating for the company in a research note on Monday, July 20th. Barclays lowered their target price on AT&T from $26.00 to $24.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 8th. Wolfe Research upgraded AT&T from a “peer perform” rating to an “outperform” rating and set a $29.00 target price on the stock in a report on Thursday, July 23rd. The Goldman Sachs Group set a $30.00 price target on shares of AT&T in a research report on Wednesday, July 22nd. Finally, Wells Fargo & Company increased their price target on shares of AT&T from $18.00 to $20.00 and gave the stock an “underweight” rating in a research report on Thursday, July 23rd. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $29.19.

AT&T Price Performance

The company has a quick ratio of 0.93, a current ratio of 0.97 and a debt-to-equity ratio of 1.06. The firm has a market capitalization of $158.89 billion, a price-to-earnings ratio of 7.68, a P/E/G ratio of 1.00 and a beta of 0.24. The stock’s 50 day moving average price is $22.77 and its two-hundred day moving average price is $25.24.

AT&T (NYSE:T) last announced its quarterly earnings data on Wednesday, July 22nd. The technology company reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.59 by $0.06. The business had revenue of $31.56 billion during the quarter, compared to analyst estimates of $31.80 billion. AT&T had a return on equity of 12.86% and a net margin of 16.94%.AT&T’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same period last year, the company earned $0.54 earnings per share. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. Analysts anticipate that AT&T Inc. will post 2.34 EPS for the current fiscal year.

AT&T Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, August 3rd. Stockholders of record on Friday, July 10th will be paid a dividend of $0.2775 per share. The ex-dividend date of this dividend is Friday, July 10th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.8%. AT&T’s dividend payout ratio (DPR) is 36.75%.

Institutional Investors Weigh In On AT&T

Several large investors have recently made changes to their positions in T. Vanguard Group Inc. grew its position in AT&T by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 664,055,700 shares of the technology company’s stock worth $16,495,144,000 after acquiring an additional 3,585,661 shares in the last quarter. State Street Corp raised its holdings in shares of AT&T by 2.6% during the 4th quarter. State Street Corp now owns 332,089,723 shares of the technology company’s stock valued at $8,249,109,000 after purchasing an additional 8,314,678 shares in the last quarter. Bank of America Corp DE lifted its stake in shares of AT&T by 4.6% in the 1st quarter. Bank of America Corp DE now owns 125,191,700 shares of the technology company’s stock valued at $3,629,307,000 after purchasing an additional 5,449,222 shares during the last quarter. Norges Bank bought a new stake in AT&T in the fourth quarter worth $2,181,977,000. Finally, Bank of New York Mellon Corp boosted its holdings in AT&T by 12.7% in the first quarter. Bank of New York Mellon Corp now owns 72,764,509 shares of the technology company’s stock worth $2,109,443,000 after purchasing an additional 8,197,935 shares in the last quarter. Institutional investors own 57.10% of the company’s stock.

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.