AT&T (NYSE:T) Stock Price Down 1.3% – Here’s What Happened

AT&T Inc. (NYSE:T) was down 1.3% during mid-day trading on Wednesday . The stock traded as low as $25.48 and last traded at $25.5680. Approximately 34,299,029 shares were traded during trading, a decline of 20% from the average daily volume of 43,046,203 shares. The stock had previously closed at $25.90.

Key Stories Impacting AT&T

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

• Positive Sentiment: Management ramped share repurchases so that buybacks exceeded dividends for the first time, lifting total shareholder yield above 8% and signaling an aggressive capital-return posture that can support the stock and EPS over time. Read More.
• Positive Sentiment: Third-party testing and AT&T PR highlight that AT&T leads the U.S. in upload speeds (fiber + wireless converged), which strengthens the company’s competitive positioning for higher-value consumer and business services. Read More.
• Positive Sentiment: Lumen completed the sale of its consumer fiber-to-the-home business to AT&T, a deal that accelerates AT&T’s fiber footprint and subscriber scale (potentially supporting long-term broadband growth). Read More.
• Neutral Sentiment: AT&T Business is partnering with Geoforce on the GT1c rugged cellular tracker — a niche commercial win that expands AT&T’s IoT/asset-tracking use cases but is unlikely to move near-term revenue materially. Read More.
• Neutral Sentiment: Recent coverage of AT&T wireless plans and prepaid recharge options is product-level detail that helps customer-facing positioning but has limited immediate impact on the stock. Read More.
• Negative Sentiment: Offsetting positives: AT&T’s FY?2026 EPS guidance (about $2.25–$2.35) and a strategic tilt from dividends toward buybacks may unsettle income-focused investors who preferred steady dividend growth; combined with modest trading volume, these factors help explain downward pressure on the share price today.

Analysts Set New Price Targets

Several analysts have recently issued reports on T shares. TD Cowen restated a “hold” rating on shares of AT&T in a research report on Thursday, January 29th. BNP Paribas Exane decreased their target price on shares of AT&T from $28.00 to $26.00 and set a “neutral” rating on the stock in a research report on Thursday, April 23rd. Morgan Stanley started coverage on shares of AT&T in a research report on Thursday, April 16th. They set an “overweight” rating and a $30.00 target price on the stock. Oppenheimer upped their price target on shares of AT&T from $29.00 to $32.00 and gave the company an “outperform” rating in a report on Wednesday, March 11th. Finally, KeyCorp upped 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. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $30.55.

AT&T Price Performance

The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.87 and a current ratio of 0.92. The firm has a market capitalization of $177.66 billion, a P/E ratio of 11.94, a P/E/G ratio of 0.95 and a beta of 0.23. The stock’s 50 day simple moving average is $27.48 and its 200 day simple moving average is $26.05.

AT&T (NYSE:T) last issued its earnings results on Wednesday, April 22nd. The technology company reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.55 by $0.02. The business had revenue of $31.51 billion for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.51 EPS. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. As a group, analysts expect that AT&T Inc. will post 2.31 earnings per share for the current fiscal year.

AT&T Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 1st. Shareholders of record on Friday, April 10th were paid a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date was Friday, April 10th. AT&T’s dividend payout ratio is currently 37.25%.

Hedge Funds Weigh In On AT&T

Hedge funds have recently added to or reduced their stakes in the stock. Mountain Hill Investment Partners Corp. grew its stake in AT&T by 363.7% in the 3rd 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 in the last quarter. GGM Financials LLC bought a new position in shares of AT&T during the third quarter valued at approximately $25,000. Fairway Wealth LLC bought a new position in shares of AT&T during the first quarter valued at approximately $29,000. Safe Harbor Fiduciary LLC bought a new position in shares of AT&T during the fourth quarter valued at approximately $25,000. Finally, Rachor Investment Advisory Services LLC bought a new position in shares of AT&T during the fourth quarter valued at approximately $25,000. 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.