AT&T (NYSE:T) Trading 1.9% Higher – Here’s What Happened

AT&T Inc. (NYSE:T)’s stock price was up 1.9% during trading on Tuesday . The company traded as high as $24.50 and last traded at $24.4950. Approximately 34,760,242 shares traded hands during trading, a decline of 32% from the average session volume of 51,444,332 shares. The stock had previously closed at $24.05.

Analysts Set New Price Targets

A number of research firms recently weighed in on T. Morgan Stanley increased their price objective on AT&T from $25.00 to $27.00 and gave the company an “overweight” rating in a report on Thursday, July 23rd. TD Cowen lifted their target price on AT&T from $32.00 to $33.00 and gave the stock a “hold” rating in a report on Thursday, July 23rd. Barclays reduced their price target on AT&T from $26.00 to $24.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 8th. The Goldman Sachs Group set a $30.00 price objective on AT&T in a research report on Wednesday, July 22nd. Finally, BNP Paribas Exane lowered their price objective on AT&T from $28.00 to $26.00 and set a “neutral” rating for the company in a research report on Thursday, April 23rd. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $29.19.

AT&T Stock Performance

The company has a market cap of $168.49 billion, a PE ratio of 8.16, a PEG ratio of 1.00 and a beta of 0.23. The company has a quick ratio of 0.93, a current ratio of 0.97 and a debt-to-equity ratio of 1.06. The company has a 50-day moving average of $22.54 and a 200-day moving average of $25.24.

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

AT&T Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, August 3rd. Stockholders of record on Friday, July 10th were issued a $0.2775 dividend. The ex-dividend date was Friday, July 10th. This represents a $1.11 annualized dividend and a dividend yield of 4.5%. AT&T’s dividend payout ratio is currently 36.75%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in T. Fairway Wealth LLC bought a new position in shares of AT&T in the first quarter valued at approximately $29,000. Robinswood Financial LLC bought a new stake in AT&T during the first quarter worth $29,000. Safe Harbor Fiduciary LLC bought a new stake in AT&T during the fourth quarter worth $25,000. Rachor Investment Advisory Services LLC purchased a new position in AT&T in the fourth quarter worth $25,000. Finally, Cresta Advisors Ltd. purchased a new position in AT&T in the fourth quarter worth $26,000. 57.10% of the stock is currently owned by hedge funds and other institutional investors.

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.