AT&T (NYSE:T) Stock Price Up 1.9% – Here’s What Happened

Shares of AT&T Inc. (NYSE:TGet Free Report) traded up 1.9% during mid-day trading on Monday . The company traded as high as $28.83 and last traded at $28.5080. 41,059,031 shares were traded during trading, a decline of 13% from the average session volume of 47,258,406 shares. The stock had previously closed at $27.98.

Key Headlines Impacting AT&T

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

Analysts Set New Price Targets

A number of research firms have recently commented on T. Royal Bank Of Canada restated an “outperform” rating and issued a $31.00 price target on shares of AT&T in a report on Thursday, February 12th. Wells Fargo & Company decreased their price target on shares of AT&T from $29.00 to $27.00 and set an “overweight” rating for the company in a research note on Monday, January 26th. UBS Group reaffirmed a “buy” rating on shares of AT&T in a research note on Thursday, January 29th. Arete Research set a $20.00 price objective on shares of AT&T in a research note on Tuesday, January 6th. Finally, Barclays reduced their target price on shares of AT&T from $28.00 to $26.00 and set an “equal weight” rating for the company in a report on Tuesday, January 13th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, AT&T has a consensus rating of “Moderate Buy” and an average price target of $29.93.

View Our Latest Stock Analysis on T

AT&T Stock Performance

The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.86 and a current ratio of 0.91. The firm has a market capitalization of $199.57 billion, a PE ratio of 9.35, a price-to-earnings-growth ratio of 1.04 and a beta of 0.39. The firm’s 50 day moving average price is $25.25 and its 200-day moving average price is $26.35.

AT&T (NYSE:TGet Free Report) last released its quarterly earnings results on Wednesday, January 28th. The technology company reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.46 by $0.06. The firm had revenue of $33.47 billion during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.43 EPS. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. On average, research analysts expect that AT&T Inc. will post 2.14 EPS for the current year.

AT&T Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, February 2nd. Investors of record on Monday, January 12th were paid a dividend of $0.2775 per share. The ex-dividend date of this dividend was Monday, January 12th. This represents a $1.11 annualized dividend and a yield of 3.9%. AT&T’s dividend payout ratio is presently 36.39%.

Institutional Investors Weigh In On AT&T

A number of hedge funds have recently added to or reduced their stakes in T. Front Row Advisors LLC acquired a new stake in shares of AT&T in the 2nd quarter valued at $25,000. Mountain Hill Investment Partners Corp. raised its stake in AT&T by 363.7% in the third quarter. Mountain Hill Investment Partners Corp. now owns 895 shares of the technology company’s stock valued at $25,000 after buying an additional 702 shares in the last quarter. GGM Financials LLC purchased a new stake in AT&T during the 3rd quarter worth about $25,000. Rachor Investment Advisory Services LLC acquired a new stake in AT&T during the fourth quarter worth approximately $25,000. Finally, Safe Harbor Fiduciary LLC acquired a new stake in AT&T during the 4th quarter worth $25,000. 57.10% of the stock is currently owned by institutional investors and hedge funds.

About AT&T

(Get Free Report)

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.

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