AT&T Inc. (NYSE:T – Get Free Report) traded up 2.3% during mid-day trading on Tuesday . The company traded as high as $21.27 and last traded at $21.0530. Approximately 65,921,099 shares were traded during trading, an increase of 39% from the average session volume of 47,559,340 shares. The stock had previously closed at $20.58.
Key Stories Impacting AT&T
Here are the key news stories impacting AT&T this week:
- Positive Sentiment: AT&T was ranked #1 in Customer Satisfaction for Small Business Internet Service by J.D. Power, reinforcing its position in converged wireless-and-broadband services and supporting the company’s service-quality and customer-retention story. AT&T Ranked #1 in Customer Satisfaction for Small Business Internet Service by JD Power
- Positive Sentiment: Articles comparing AT&T and Verizon highlight ongoing fiber and wireless network expansion, which could support longer-term growth and help AT&T compete for subscribers and enterprise customers. T or VZ: Which Telecom Stock Deserves a Place in Your Portfolio?
Analyst Upgrades and Downgrades
A number of brokerages recently issued reports on T. Royal Bank Of Canada reiterated an “outperform” rating and set a $31.00 target price on shares of AT&T in a research report on Wednesday, May 20th. Morgan Stanley reduced their price target on shares of AT&T from $30.00 to $25.00 and set an “overweight” rating on the stock in a research report on Tuesday. Scotiabank decreased their price objective on shares of AT&T from $31.50 to $31.00 and set a “sector perform” rating on the stock in a research note on Thursday, April 23rd. Wells Fargo & Company initiated coverage on shares of AT&T in a report on Wednesday. They set an “underweight” rating and a $18.00 price objective for the company. Finally, KeyCorp lifted their target price on shares of AT&T from $30.00 to $36.00 and gave the company an “overweight” rating in a research note on Wednesday, March 25th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, AT&T has a consensus rating of “Moderate Buy” and an average target price of $29.68.
AT&T Stock Performance
The stock has a market cap of $146.04 billion, a price-to-earnings ratio of 7.04, a P/E/G ratio of 0.86 and a beta of 0.24. The company has a current ratio of 0.92, a quick ratio of 0.87 and a debt-to-equity ratio of 1.05. The firm has a fifty day simple moving average of $23.57 and a 200-day simple moving average of $25.45.
AT&T (NYSE:T – Get Free Report) last released its earnings results on Wednesday, April 22nd. The technology company reported $0.57 EPS for the quarter, beating the consensus estimate of $0.55 by $0.02. The company had revenue of $31.51 billion during the quarter, compared to analysts’ expectations of $31.29 billion. AT&T had a return on equity of 12.49% and a net margin of 16.94%.The business’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same period last year, the firm earned $0.51 EPS. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. Analysts forecast that AT&T Inc. will post 2.31 EPS for the current fiscal year.
AT&T Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 3rd. Shareholders of record on Friday, July 10th will be issued a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a yield of 5.3%. The ex-dividend date of this dividend is Friday, July 10th. AT&T’s payout ratio is currently 37.25%.
Institutional Inflows and Outflows
Several hedge funds have recently modified their holdings of the business. Tsfg LLC grew its stake in AT&T by 3.6% in the fourth quarter. Tsfg LLC now owns 10,656 shares of the technology company’s stock valued at $265,000 after acquiring an additional 366 shares during the period. Lifestyle Asset Management Inc. increased its stake in AT&T by 3.6% during the 4th quarter. Lifestyle Asset Management Inc. now owns 10,511 shares of the technology company’s stock worth $261,000 after purchasing an additional 368 shares in the last quarter. Hillsdale Investment Management Inc. raised its holdings in AT&T by 1.2% during the 4th quarter. Hillsdale Investment Management Inc. now owns 31,970 shares of the technology company’s stock worth $794,000 after buying an additional 370 shares during the period. Bruce G. Allen Investments LLC lifted its stake in AT&T by 1.7% in the fourth quarter. Bruce G. Allen Investments LLC now owns 22,398 shares of the technology company’s stock valued at $556,000 after buying an additional 374 shares in the last quarter. Finally, Rockline Wealth Management LLC lifted its stake in AT&T by 3.8% in the fourth quarter. Rockline Wealth Management LLC now owns 10,445 shares of the technology company’s stock valued at $259,000 after buying an additional 378 shares in the last quarter. 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.
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