AT&T (NYSE:T) Shares Down 5.2% – Time to Sell?

AT&T Inc. (NYSE:T)’s share price fell 5.2% on Tuesday . The company traded as low as $20.57 and last traded at $20.6950. 126,693,387 shares changed hands during trading, an increase of 178% from the average daily volume of 45,525,582 shares. The stock had previously closed at $21.82.

Trending Headlines about AT&T

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

• Positive Sentiment: AT&T expanded its “Build-A-Plan” offering, making it easier for customers to customize wireless service and add home internet, which could support subscriber growth and boost cross-selling. AT&T Expands Build-A-Plan: Flexible Custom Wireless Plan Now Includes the Ability to Easily Add America’s Best and Fastest Home Internet
• Neutral Sentiment: Analysts are expecting AT&T’s upcoming second-quarter results to show only single-digit earnings growth, suggesting steady but not accelerating near-term fundamentals. AT&T Earnings Preview: What to Expect
• Negative Sentiment: AT&T’s stock has been hit by broader telecom selling, with investors worrying that satellite-based competitors could reshape the wireless market and pressure pricing. SpaceX Might Bring Mobile Phone to Market, and Verizon, AT&T, and T-Mobile Are Down
• Negative Sentiment: Sentiment also remains weak because AT&T recently hit a new 52-week low, reinforcing concerns that the stock is under technical and momentum pressure. AT&T (NYSE:T) Reaches New 52-Week Low – Time to Sell?

Analysts Set New Price Targets

A number of research analysts recently issued reports on T shares. Wall Street Zen upgraded AT&T from a “sell” rating to a “hold” rating in a report on Saturday, June 20th. KeyCorp increased their price target on AT&T from $30.00 to $36.00 and gave the company an “overweight” rating in a research report on Wednesday, March 25th. Arete Research upgraded 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. Oppenheimer downgraded AT&T from an “outperform” rating to a “market perform” rating in a research report on Wednesday, June 3rd. Finally, Scotiabank cut their target price on shares of AT&T from $31.50 to $31.00 and set a “sector perform” rating on the stock in a research note on Thursday, April 23rd. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $30.55.

AT&T Price Performance

The stock has a market capitalization of $143.80 billion, a price-to-earnings ratio of 6.94, a P/E/G ratio of 0.92 and a beta of 0.21. The company has a quick ratio of 0.87, a current ratio of 0.92 and a debt-to-equity ratio of 1.05. The stock has a fifty day moving average of $24.33 and a 200-day moving average of $25.63.

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

AT&T Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, August 3rd. Investors of record on Friday, July 10th will be paid a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a yield of 5.4%. The ex-dividend date is Friday, July 10th. AT&T’s dividend payout ratio (DPR) is currently 37.25%.

Hedge Funds Weigh In On AT&T

Large investors have recently bought and sold shares of the stock. VectorGlobal IAG Inc. acquired a new stake in shares of AT&T in the 1st quarter valued at about $353,000. WealthPoint Financial LLC increased its position in AT&T by 17.4% during the first quarter. WealthPoint Financial LLC now owns 14,872 shares of the technology company’s stock worth $431,000 after buying an additional 2,205 shares during the period. Ballast Advisors LLC purchased a new stake in AT&T in the first quarter valued at approximately $122,000. Sapient Capital LLC boosted its stake in AT&T by 19.3% during the 1st quarter. Sapient Capital LLC now owns 45,763 shares of the technology company’s stock worth $1,327,000 after purchasing an additional 7,390 shares during the period. Finally, S&A Financial Services Inc. acquired a new stake in shares of AT&T during the first quarter worth about $299,000. 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.