AT&T (NYSE:T) Trading Up 1.2% – Time to Buy?

AT&T Inc. (NYSE:TGet Free Report)’s share price traded up 1.2% during mid-day trading on Monday . The stock traded as high as $24.09 and last traded at $24.07. Approximately 42,580,705 shares were traded during mid-day trading, a decline of 17% from the average session volume of 51,610,277 shares. The stock had previously closed at $23.79.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on T shares. Argus cut their target price on shares of AT&T from $33.00 to $30.00 and set a “buy” rating on the stock in a research report on Thursday, July 23rd. Morgan Stanley raised their price target on shares of AT&T from $25.00 to $27.00 and gave the company an “overweight” rating in a research note on Thursday, July 23rd. BNP Paribas Exane cut their price target on shares of AT&T from $28.00 to $26.00 and set a “neutral” rating on the stock in a report on Thursday, April 23rd. TD Cowen boosted their price objective on shares of AT&T from $32.00 to $33.00 and gave the stock a “hold” rating in a research note on Thursday, July 23rd. Finally, Sanford C. Bernstein restated an “outperform” rating and issued a $25.00 price objective on shares of AT&T in a report on Monday, July 13th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $29.19.

Get Our Latest Stock Analysis on T

AT&T Stock Performance

The company has a 50-day moving average price of $22.54 and a two-hundred day moving average price of $25.23. The company has a current ratio of 0.97, a quick ratio of 0.93 and a debt-to-equity ratio of 1.06. The stock has a market capitalization of $164.94 billion, a P/E ratio of 7.97, a price-to-earnings-growth ratio of 0.97 and a beta of 0.23.

AT&T (NYSE:TGet Free Report) last announced its earnings results on Wednesday, July 22nd. The technology company reported $0.65 EPS for the quarter, beating the consensus estimate of $0.59 by $0.06. AT&T had a return on equity of 12.86% and a net margin of 16.94%.The company had revenue of $31.56 billion for the quarter, compared to analyst estimates of $31.80 billion. During the same quarter in the prior year, the company earned $0.54 EPS. The firm’s revenue for the quarter 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. On average, equities analysts forecast that AT&T Inc. will post 2.34 earnings per share for the current year.

AT&T Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 3rd. Stockholders of record on Friday, July 10th were given a dividend of $0.2775 per share. The ex-dividend date of this dividend was Friday, July 10th. This represents a $1.11 annualized dividend and a dividend yield of 4.6%. AT&T’s dividend payout ratio (DPR) is 36.75%.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of T. Rachor Investment Advisory Services LLC bought a new position in shares of AT&T during the 4th quarter worth about $25,000. Safe Harbor Fiduciary LLC acquired a new position in AT&T during the 4th quarter worth approximately $25,000. Cresta Advisors Ltd. bought a new position in AT&T in the fourth quarter worth approximately $26,000. Blueline Advisors LLC bought a new position in AT&T in the fourth quarter worth approximately $26,000. Finally, Winnow Wealth LLC grew its stake in AT&T by 362.8% in the fourth quarter. Winnow Wealth LLC now owns 1,046 shares of the technology company’s stock valued at $26,000 after acquiring an additional 820 shares during the period. Institutional investors and hedge funds own 57.10% of the company’s stock.

AT&T Company Profile

(Get Free Report)

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.

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