AT&T (NYSE:T) Shares Down 1% – Should You Sell?

AT&T Inc. (NYSE:T) shares were down 1% during trading on Wednesday . The company traded as low as $20.29 and last traded at $20.49. 129,410,537 shares traded hands during trading, an increase of 180% from the average daily volume of 46,246,594 shares. The stock had previously closed at $20.70.

AT&T News Roundup

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

• Positive Sentiment: AT&T expanded its Build-A-Plan offering, letting customers bundle personalized wireless service with home internet, including AT&T Fiber and Internet Air. That could help AT&T sell more services per customer and improve retention. Here is Why AT&T (T) is One of the Most Buzzing Stocks to Buy Right Now
• Positive Sentiment: Several recent articles highlighted AT&T as a high-yield dividend stock with strong cash flow and relatively low valuation, which may be supporting investor interest in the name. Better High-Yield Dividend Stock: Verizon or AT&T?
• Positive Sentiment: AT&T saw unusual options activity, with call volume running above average, suggesting some traders are positioning for further upside.
• Neutral Sentiment: Investor interest remains high, with multiple articles debating AT&T versus Verizon and whether AT&T is worth buying now. That reflects attention on the stock, but not a clear near-term fundamental catalyst. Is Most-Watched Stock AT&T Inc. (T) Worth Betting on Now?
• Neutral Sentiment: AT&T is also being compared with Verizon after both companies completed fiber acquisitions and posted quarterly results, keeping the dividend and competitive positioning story in focus. AT&T vs Verizon: The Better Dividend Stock For 2026
• Negative Sentiment: AT&T shares are still feeling pressure from SpaceX/Starlink-related competition concerns, with one analyst downgrade citing the threat to traditional wireless carriers. Oppenheimer downgrades AT&T stock on SpaceX threat
• Negative Sentiment: Market commentary also noted renewed selling in AT&T and peers after concerns that SpaceX could eventually launch a mobile-phone service, which has weighed on telecom sentiment. SpaceX Threat Wipes Out $43B in Market Value From ‘Big Three’ Telecoms—And the Pain May Not Be Over

Analyst Ratings Changes

A number of research firms have issued reports on T. Scotiabank cut their target price on shares of AT&T from $31.50 to $31.00 and set a “sector perform” rating for the company in a research report on Thursday, April 23rd. Arete Research raised shares of AT&T from a “sell” rating to a “neutral” rating and set a $28.00 target price for the company in a research note on Tuesday, March 10th. KeyCorp boosted their price target on shares of AT&T from $30.00 to $36.00 and gave the company an “overweight” rating in a report on Wednesday, March 25th. Weiss Ratings downgraded shares of AT&T from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, May 29th. Finally, Citigroup increased their price objective on AT&T from $29.00 to $31.50 and gave the stock a “buy” rating in a report on Monday, March 23rd. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $30.55.

AT&T Trading Down 0.1%

The company has a 50 day moving average of $23.99 and a 200 day moving average of $25.55. The firm has a market cap of $142.89 billion, a P/E ratio of 6.90, a PEG ratio of 0.83 and a beta of 0.24. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.87 and a current ratio of 0.92.

AT&T (NYSE:T) last issued its quarterly earnings data on Wednesday, April 22nd. The technology company reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.55 by $0.02. The firm had revenue of $31.51 billion for the quarter, compared to analyst estimates of $31.29 billion. AT&T had a net margin of 16.94% and a return on equity of 12.49%. The company’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.51 earnings per share. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. Analysts predict that AT&T Inc. will post 2.31 EPS for the current fiscal year.

AT&T Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 3rd. Stockholders 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 dividend yield of 5.4%. AT&T’s dividend payout ratio (DPR) is currently 37.25%.

Institutional Investors Weigh In On AT&T

A number of large investors have recently bought and sold shares of the business. Vanguard Group Inc. boosted its stake in shares of AT&T by 0.5% during the 4th 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 stake in shares of AT&T by 2.6% in 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 acquiring an additional 8,314,678 shares in the last quarter. Bank of America Corp DE lifted its holdings in 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 worth $3,629,307,000 after purchasing an additional 5,449,222 shares during the last quarter. Norges Bank acquired a new stake in AT&T in the 4th quarter worth approximately $2,181,977,000. Finally, Bank of New York Mellon Corp boosted its position in AT&T by 12.7% during 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 during the period. 57.10% of the stock is currently owned by institutional investors.

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.