AT&T (NYSE:T) Trading Up 1.9% – What’s Next?

AT&T Inc. (NYSE:T) rose 1.9% during mid-day trading on Tuesday . The stock traded as high as $24.50 and last traded at $24.4950. Approximately 34,760,242 shares were traded during mid-day trading, a decline of 32% from the average daily volume of 51,444,332 shares. The stock had previously closed at $24.05.

Analysts Set New Price Targets

T has been the subject of a number of recent research reports. Oppenheimer downgraded AT&T from an “outperform” rating to a “market perform” rating in a research report on Wednesday, June 3rd. Sanford C. Bernstein restated an “outperform” rating and issued a $25.00 target price on shares of AT&T in a report on Monday, July 13th. Argus cut their target price on AT&T from $33.00 to $30.00 and set a “buy” rating on the stock in a research report on Thursday, July 23rd. Royal Bank Of Canada reduced their target price on AT&T from $31.00 to $27.00 and set an “outperform” rating for the company in a report on Monday, July 20th. Finally, Wall Street Zen upgraded AT&T from a “sell” rating to a “hold” rating in a research report on Saturday, June 20th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $29.19.

AT&T Price Performance

The company has a debt-to-equity ratio of 1.06, a current ratio of 0.97 and a quick ratio of 0.93. The firm has a market cap of $167.85 billion, a price-to-earnings ratio of 8.11, a price-to-earnings-growth ratio of 0.97 and a beta of 0.23. The stock’s fifty day moving average price is $22.53 and its 200-day moving average price is $25.23.

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

AT&T Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, August 3rd. Investors of record on Friday, July 10th were given a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a yield of 4.5%. The ex-dividend date of this dividend was Friday, July 10th. AT&T’s payout ratio is presently 36.75%.

Institutional Investors Weigh In On AT&T

Institutional investors have recently bought and sold shares of the business. Rachor Investment Advisory Services LLC acquired a new stake in shares of AT&T during the fourth quarter worth approximately $25,000. Safe Harbor Fiduciary LLC acquired a new position in AT&T in the 4th quarter valued at approximately $25,000. Cresta Advisors Ltd. purchased a new stake in AT&T in the 4th quarter worth approximately $26,000. Blueline Advisors LLC purchased a new stake in AT&T in the 4th quarter worth approximately $26,000. Finally, Winnow Wealth LLC boosted its stake in shares of AT&T by 362.8% during the 4th quarter. Winnow Wealth LLC now owns 1,046 shares of the technology company’s stock valued at $26,000 after buying an additional 820 shares during the period. 57.10% of the stock is currently owned by institutional investors and hedge funds.

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.