AT&T (NYSE:T) Shares Up 1.4% – Should You Buy?

AT&T Inc. (NYSE:T)’s stock price rose 1.4% on Monday . The stock traded as high as $23.75 and last traded at $23.58. 53,801,742 shares changed hands during trading, an increase of 4% from the average session volume of 51,680,645 shares. The stock had previously closed at $23.25.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Scotiabank decreased their price target on shares of AT&T from $31.00 to $29.25 and set a “sector perform” rating for the company in a research report on Wednesday, July 15th. Wolfe Research upgraded AT&T from a “peer perform” rating to an “outperform” rating and set a $29.00 price objective on the stock in a research note on Thursday, July 23rd. TD Cowen upped their target price on AT&T from $32.00 to $33.00 and gave the stock a “hold” rating in a research report on Thursday, July 23rd. Oppenheimer lowered AT&T from an “outperform” rating to a “market perform” rating in a research note on Wednesday, June 3rd. Finally, Morgan Stanley increased their target price on AT&T from $25.00 to $27.00 and gave the company an “overweight” rating in a research note on Thursday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $29.19.

AT&T Stock Up 1.4%

The firm has a market capitalization of $161.58 billion, a PE ratio of 7.81, a P/E/G ratio of 0.95 and a beta of 0.24. The firm’s 50 day moving average price is $22.69 and its two-hundred day moving average price is $25.23. The company has a quick ratio of 0.93, a current ratio of 0.97 and a debt-to-equity ratio of 1.06.

AT&T (NYSE:T) last released its quarterly earnings results 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. AT&T had a net margin of 16.94% and a return on equity of 12.86%. The firm had revenue of $31.56 billion for the quarter, compared to the consensus estimate of $31.80 billion. During the same quarter in the previous year, the firm posted $0.54 EPS. The firm’s quarterly revenue was up 2.3% on a year-over-year basis. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. As a group, research analysts forecast that AT&T Inc. will post 2.34 EPS for the current fiscal year.

AT&T Dividend Announcement

The firm also recently announced 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 is Friday, July 10th. This represents a $1.11 annualized dividend and a dividend yield of 4.7%. AT&T’s dividend payout ratio (DPR) is currently 36.75%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Vontobel Holding Ltd. boosted its stake in shares of AT&T by 28.6% during the 2nd quarter. Vontobel Holding Ltd. now owns 3,065,224 shares of the technology company’s stock valued at $63,450,000 after buying an additional 682,512 shares during the last quarter. Wallace Advisory Group LLC increased its stake in shares of AT&T by 11.4% in the second quarter. Wallace Advisory Group LLC now owns 21,086 shares of the technology company’s stock worth $436,000 after buying an additional 2,152 shares during the last quarter. Ranch Capital Advisors Inc. raised its holdings in AT&T by 8.3% in the second quarter. Ranch Capital Advisors Inc. now owns 193,846 shares of the technology company’s stock valued at $4,013,000 after acquiring an additional 14,849 shares in the last quarter. Belpointe Asset Management LLC raised its holdings in AT&T by 2.7% in the second quarter. Belpointe Asset Management LLC now owns 138,183 shares of the technology company’s stock valued at $2,860,000 after acquiring an additional 3,570 shares in the last quarter. Finally, Fortis Capital Advisors LLC boosted its stake in AT&T by 30.9% during the 2nd quarter. Fortis Capital Advisors LLC now owns 18,992 shares of the technology company’s stock valued at $393,000 after acquiring an additional 4,478 shares during the last quarter. Institutional investors and hedge funds 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.