Shares of AT&T Inc. (NYSE:T – Get Free Report) were down 1% during mid-day trading on Wednesday . The company traded as low as $20.29 and last traded at $20.49. 129,410,537 shares traded hands during mid-day trading, an increase of 180% from the average daily volume of 46,246,594 shares. The stock had previously closed at $20.70.
Key AT&T News
Here are the key news stories impacting AT&T this week:
- Positive Sentiment: AT&T expanded its Build-A-Plan service to make it easier for customers to bundle customizable wireless plans with home internet, which could help reduce churn, improve customer stickiness, and support wireless and broadband growth. Article Title
- Positive Sentiment: Analysts and market commentary continue to argue that AT&T may still be undervalued, with fiber strength helping offset subscriber churn and supporting the company’s longer-term fundamentals. Article Title
- Neutral Sentiment: AT&T also introduced more flexible plan options, including the ability for customers to scale phone service up or down and add home internet more easily, a move that appears aimed at improving retention rather than driving an immediate catalyst. Article Title
- Neutral Sentiment: Dish DBS filed for bankruptcy after delays related to a separate AT&T transaction, underscoring ongoing deal complexity around AT&T’s spectrum-related moves, but the direct stock impact is unclear. Article Title
- Negative Sentiment: Investor concern is rising that SpaceX’s satellite-phone ambitions could pressure AT&T and other major U.S. wireless carriers by creating a new competitive threat in mobile connectivity. Article Title
- Negative Sentiment: AT&T recently hit a new 52-week low and has been part of a broader telecom selloff, signaling that traders remain cautious about the stock’s near-term outlook. Article Title
Analyst Upgrades and Downgrades
A number of equities analysts have weighed in on T shares. BNP Paribas Exane decreased their target price on AT&T from $28.00 to $26.00 and set a “neutral” rating on the stock in a research note on Thursday, April 23rd. Morgan Stanley started coverage on AT&T in a research report on Thursday, April 16th. They set an “overweight” rating and a $30.00 price target for the company. Oppenheimer lowered AT&T from an “outperform” rating to a “market perform” rating in a report on Wednesday, June 3rd. Royal Bank Of Canada restated an “outperform” rating and issued a $31.00 price objective on shares of AT&T in a research report on Wednesday, May 20th. Finally, Weiss Ratings downgraded shares of AT&T from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, May 29th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat.com, AT&T currently has an average rating of “Moderate Buy” and a consensus price target of $30.55.
AT&T Trading Down 1.0%
The firm has a market cap of $142.37 billion, a P/E ratio of 6.88, a PEG ratio of 0.89 and a beta of 0.21. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.92 and a quick ratio of 0.87. The stock has a 50 day moving average of $24.21 and a 200 day moving average of $25.60.
AT&T (NYSE:T – Get Free Report) last issued its quarterly earnings results on Wednesday, April 22nd. The technology company reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.02. AT&T had a return on equity of 12.49% and a net margin of 16.94%.The firm had revenue of $31.51 billion during the quarter, compared to analyst estimates of $31.29 billion. During the same quarter in the previous year, the company posted $0.51 earnings per share. The company’s revenue was up 2.9% compared to the same quarter last year. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. As a group, equities research analysts predict that AT&T Inc. will post 2.31 EPS for the current year.
AT&T Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 3rd. Investors of record on Friday, July 10th will be issued a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a dividend yield of 5.4%. The ex-dividend date of this dividend is Friday, July 10th. AT&T’s dividend payout ratio (DPR) is currently 37.25%.
Institutional Trading of AT&T
Hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in shares of AT&T by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 664,055,700 shares of the technology company’s stock valued at $16,495,144,000 after purchasing an additional 3,585,661 shares in the last quarter. State Street Corp raised its position in AT&T by 2.6% in the 4th quarter. State Street Corp now owns 332,089,723 shares of the technology company’s stock worth $8,249,109,000 after purchasing an additional 8,314,678 shares during the period. Bank of America Corp DE raised its position in AT&T by 4.6% in the 1st quarter. Bank of America Corp DE now owns 125,191,700 shares of the technology company’s stock worth $3,629,307,000 after purchasing an additional 5,449,222 shares during the period. Norges Bank bought a new stake in AT&T in the fourth quarter worth $2,181,977,000. Finally, Bank of New York Mellon Corp lifted its stake in AT&T by 12.7% in the first quarter. Bank of New York Mellon Corp now owns 72,764,509 shares of the technology company’s stock worth $2,109,443,000 after purchasing an additional 8,197,935 shares during the last quarter. Hedge funds and other 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
- AirJoule Unveils Prime System, Clearing Path to Commercialization
- Copper Stocks Are Getting a Bigger Spotlight as Gold’s Rally Cracks
- Nike Q4 Beat Masks Core Weakness as Analysts Cut Price Targets
- Uber’s Waymo Detour Tests the Stock’s Robotaxi Bull Case
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.
