Shares of AT&T Inc. (NYSE:T – Get Free Report) hit a new 52-week low during trading on Wednesday . The company traded as low as $22.30 and last traded at $22.4160, with a volume of 23313567 shares changing hands. The stock had previously closed at $23.16.
Analyst Ratings Changes
A number of brokerages have commented on T. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $31.00 target price on shares of AT&T in a report on Wednesday, May 20th. 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 report on Tuesday, March 10th. Oppenheimer cut shares of AT&T from an “outperform” rating to a “market perform” rating in a report on Wednesday, June 3rd. Weiss Ratings cut shares of AT&T from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, May 29th. Finally, Wall Street Zen cut shares of AT&T from a “hold” rating to a “sell” rating in a report on Saturday, May 30th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat, AT&T presently has an average rating of “Moderate Buy” and an average price target of $30.55.
Read Our Latest Research Report on T
AT&T Trading Down 3.8%
AT&T (NYSE:T – Get Free Report) last announced its quarterly earnings data on Wednesday, April 22nd. The technology company reported $0.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.55 by $0.02. The firm had revenue of $31.51 billion during 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 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 company posted $0.51 earnings per share. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. On average, sell-side analysts expect that AT&T Inc. will post 2.31 earnings per share for the current fiscal year.
AT&T Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Friday, May 1st. Stockholders of record on Friday, April 10th were paid a $0.2775 dividend. The ex-dividend date of this dividend was Friday, April 10th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 5.0%. AT&T’s dividend payout ratio is 37.25%.
Hedge Funds Weigh In On AT&T
A number of hedge funds and other institutional investors have recently modified their holdings of T. GGM Financials LLC bought a new position in shares of AT&T during the third quarter worth $25,000. Rachor Investment Advisory Services LLC bought a new position in shares of AT&T during the fourth quarter worth $25,000. Safe Harbor Fiduciary LLC bought a new position in shares of AT&T during the fourth quarter worth $25,000. Cresta Advisors Ltd. bought a new position in shares of AT&T during the fourth quarter worth $26,000. Finally, Blueline Advisors LLC bought a new position in shares of AT&T during the fourth quarter worth $26,000. Institutional investors own 57.10% of the company’s stock.
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.
Read More
- Five stocks we like better than AT&T
- Meta and Cloud Computing: Real Potential, or a Shot in the Dark?
- Insiders Are Selling These 3 Stocks—Should Investors Be Concerned?
- After SpaceX, Amazon Could Be The Next Best Space Stock
- 3 Stocks to Watch If the Strait of Hormuz Reopens
Receive News & Ratings for AT&T Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AT&T and related companies with MarketBeat.com's FREE daily email newsletter.
