AT&T (NYSE:T) Shares Down 2.8% – What’s Next?

Shares of AT&T Inc. (NYSE:T) fell 2.8% on Wednesday . The company traded as low as $23.60 and last traded at $23.9640. 77,366,051 shares were traded during mid-day trading, an increase of 50% from the average session volume of 51,628,699 shares. The stock had previously closed at $24.66.

Trending Headlines about AT&T

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

• Positive Sentiment: AT&T completed its approximately $23 billion EchoStar spectrum transaction, and the newly acquired 3.45 GHz spectrum is now live nationwide. The additional mid-band capacity could improve 5G speed and network performance, strengthen AT&T’s competitive position and support future customer growth. The acquired 600 MHz spectrum is not yet ready for commercial deployment, limiting the immediate benefit. AT&T closes EchoStar spectrum deal
• Positive Sentiment: AZIO AI signed a master services agreement with AT&T to provide enterprise fiber connectivity for its initial 500-megawatt Texas artificial-intelligence data-center campus. The agreement gives AT&T a potential long-term opportunity to provide connectivity as AZIO expands its high-performance computing infrastructure. AZIO AI fiber agreement
• Positive Sentiment: AT&T said its Internet Air 5G home-internet service reached 2 million subscribers, adding its second million in roughly half the time required to reach the first. More than half of subscribers also use AT&T wireless service, highlighting successful customer bundling and a potentially attractive growth channel. AT&T Internet Air subscriber growth
• Neutral Sentiment: Erste Group Bank remains constructive on AT&T’s fiscal 2026 earnings outlook, although its fiscal 2027 EPS forecast was trimmed slightly to $2.55 from $2.56. The small revision is unlikely to materially change the investment case. Erste Group Bank AT&T earnings view
• Negative Sentiment: AT&T is raising prices for additional legacy wireless-plan customers beginning in August. While the increases could lift average revenue per user, they may also cause customer dissatisfaction, plan migrations or cancellations. AT&T legacy-plan price increases

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Scotiabank dropped their price objective on shares of AT&T from $31.00 to $29.25 and set a “sector perform” rating for the company in a research note on Wednesday, July 15th. Wells Fargo & Company lifted their price target on AT&T from $18.00 to $20.00 and gave the stock an “underweight” rating in a research report on Thursday, July 23rd. Morgan Stanley upped their price objective on AT&T from $25.00 to $27.00 and gave the company an “overweight” rating in a research report on Thursday, July 23rd. Wolfe Research upgraded AT&T from a “peer perform” rating to an “outperform” rating and set a $29.00 price target on the stock in a report on Thursday, July 23rd. Finally, TD Cowen raised their price target on AT&T from $32.00 to $33.00 and gave the stock a “hold” rating in a research report on Thursday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $29.19.

AT&T Price Performance

The company has a current ratio of 0.97, a quick ratio of 0.93 and a debt-to-equity ratio of 1.06. The company has a market capitalization of $159.02 billion, a PE ratio of 7.66, a price-to-earnings-growth ratio of 0.97 and a beta of 0.24. The stock’s 50-day moving average is $22.73 and its two-hundred day moving average is $25.23.

AT&T (NYSE:T) last announced its earnings results on Wednesday, July 22nd. The technology company reported $0.65 earnings per share (EPS) for the quarter, beating 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%.The company’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.54 earnings per share. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. On average, equities analysts predict that AT&T Inc. will post 2.34 EPS for the current year.

AT&T Announces Dividend

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

Hedge Funds Weigh In On AT&T

Several hedge funds have recently bought and sold shares of the business. Fairway Wealth LLC purchased a new position in AT&T in the 1st quarter worth about $29,000. Robinswood Financial LLC purchased a new stake in shares of AT&T in the first quarter valued at approximately $29,000. Safe Harbor Fiduciary LLC purchased a new position in AT&T during the 4th quarter worth $25,000. Rachor Investment Advisory Services LLC bought a new position in shares of AT&T during the 4th quarter worth $25,000. Finally, Cresta Advisors Ltd. purchased a new stake in AT&T in the fourth quarter worth about $26,000. 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.