AT&T (NYSE:T) Shares Down 1.2% – What’s Next?

Shares of AT&T Inc. (NYSE:T) were down 1.2% on Tuesday . The stock traded as low as $27.92 and last traded at $27.9730. Approximately 26,867,007 shares were traded during mid-day trading, a decline of 40% from the average daily volume of 45,085,434 shares. The stock had previously closed at $28.32.

Analyst Ratings Changes

A number of analysts have recently issued reports on T shares. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $33.00 price objective on shares of AT&T in a report on Thursday, January 29th. The Goldman Sachs Group lowered their price target on shares of AT&T from $33.00 to $29.00 and set a “buy” rating for the company in a research note on Friday, December 19th. Barclays lowered their price objective on shares of AT&T from $28.00 to $26.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 13th. Arete Research raised shares of AT&T from a “sell” rating to a “neutral” rating and set a $28.00 price objective for the company in a research note on Tuesday, March 10th. Finally, Oppenheimer boosted their price target on shares of AT&T from $29.00 to $32.00 and gave the company an “outperform” rating in a research report on Wednesday, March 11th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat, AT&T has an average rating of “Moderate Buy” and a consensus target price of $30.74.

AT&T Trading Down 1.2%

The stock’s fifty day moving average price is $27.80 and its 200 day moving average price is $26.18. The company has a quick ratio of 0.86, a current ratio of 0.91 and a debt-to-equity ratio of 1.00. The stock has a market cap of $195.35 billion, a PE ratio of 9.17, a PEG ratio of 1.06 and a beta of 0.34.

AT&T (NYSE:T) last issued its quarterly earnings data on Wednesday, January 28th. The technology company reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.46 by $0.06. The company had revenue of $33.47 billion for 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 firm’s revenue for the quarter was up 3.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.43 earnings per share. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. On average, sell-side analysts forecast that AT&T Inc. will post 2.14 EPS for the current year.

AT&T Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 1st. Investors of record on Friday, April 10th will be given a dividend of $0.2775 per share. The ex-dividend date is Friday, April 10th. This represents a $1.11 dividend on an annualized basis and a yield of 4.0%. AT&T’s dividend payout ratio is 36.39%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Front Row Advisors LLC bought a new position in AT&T in the second quarter worth approximately $25,000. Mountain Hill Investment Partners Corp. raised its position 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 worth $25,000 after acquiring an additional 702 shares during the period. GGM Financials LLC bought a new position in AT&T in the third quarter worth approximately $25,000. Rachor Investment Advisory Services LLC bought a new position in AT&T in the fourth quarter worth approximately $25,000. Finally, Safe Harbor Fiduciary LLC bought a new position in AT&T in the fourth quarter worth approximately $25,000. 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.