AT&T (NYSE:T) Stock Price Up 2.3% – Here’s Why

Shares of AT&T Inc. (NYSE:T) 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: Morgan Stanley cut its price target on AT&T to $25 from $30, but kept an overweight rating, signaling it still sees upside from current levels despite the lower target. Benzinga
• Positive Sentiment: New coverage highlighting AT&T as a long-term value stock may be reinforcing the view that the shares are attractive for investors focused on cash flow, valuation, and dividend support. Zacks
• Positive Sentiment: AT&T, Ericsson and MediaTek completed North America’s first in-field trial of enhanced 5G mobility features, which could improve network reliability and support better user experience for latency-sensitive services. PR Newswire
• Neutral Sentiment: AT&T’s expanded Build-A-Plan offering adds more bundle flexibility for wireless and home internet customers, which supports its strategy but is not an immediate catalyst on its own. Yahoo Finance
• Neutral Sentiment: Several articles ahead of AT&T’s upcoming earnings date are keeping attention on the stock, but they mainly reflect anticipation rather than a confirmed business update. Motley Fool
• Negative Sentiment: Recent commentary also notes AT&T’s weak share performance over the past year, along with concerns about debt, competition and heavy capital spending, which may be limiting enthusiasm. Zacks

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Wall Street Zen upgraded AT&T from a “sell” rating to a “hold” rating in a research note on Saturday, June 20th. Royal Bank Of Canada reissued an “outperform” rating and set a $31.00 target price on shares of AT&T in a research report on Wednesday, May 20th. Scotiabank decreased their target price on AT&T from $31.50 to $31.00 and set a “sector perform” rating for the company in a research report on Thursday, April 23rd. Citigroup increased their target price on shares of AT&T from $29.00 to $31.50 and gave the company a “buy” rating in a research report on Monday, March 23rd. Finally, Arete Research raised shares of AT&T from a “sell” rating to a “neutral” rating and set a $28.00 price target on the stock in a report on Tuesday, March 10th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $30.23.

AT&T Trading Up 2.3%

The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.87 and a current ratio of 0.92. The firm has a 50-day moving average of $23.89 and a 200-day moving average of $25.52. The firm has a market capitalization of $146.28 billion, a P/E ratio of 7.06, a price-to-earnings-growth ratio of 0.84 and a beta of 0.24.

AT&T (NYSE:T) last announced its quarterly earnings results on Wednesday, April 22nd. The technology company reported $0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.55 by $0.02. AT&T had a return on equity of 12.49% and a net margin of 16.94%.The company had revenue of $31.51 billion for the quarter, compared to the consensus estimate of $31.29 billion. During the same quarter in the previous year, the business earned $0.51 EPS. AT&T’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. On average, equities research analysts anticipate that AT&T Inc. will post 2.31 EPS for the current fiscal year.

AT&T Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 3rd. Investors of record on Friday, July 10th will be given a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a yield of 5.3%. The ex-dividend date of this dividend is Friday, July 10th. AT&T’s dividend payout ratio (DPR) is 37.25%.

Institutional Investors Weigh In On AT&T

Several institutional investors have recently modified their holdings of the business. Norges Bank purchased a new stake in AT&T in the fourth quarter worth approximately $2,181,977,000. Amundi raised its holdings in AT&T by 67.5% during the 3rd quarter. Amundi now owns 42,295,492 shares of the technology company’s stock valued at $1,094,184,000 after buying an additional 17,040,328 shares during the period. Alyeska Investment Group L.P. increased its stake in shares of AT&T by 620.8% during the fourth quarter. Alyeska Investment Group L.P. now owns 11,891,778 shares of the technology company’s stock valued at $295,392,000 after buying an additional 10,241,949 shares during the period. State Street Corp boosted its stake in AT&T by 2.6% in the fourth quarter. State Street Corp now owns 332,089,723 shares of the technology company’s stock valued at $8,249,109,000 after acquiring an additional 8,314,678 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its holdings in shares of AT&T by 49.2% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 25,155,597 shares of the technology company’s stock worth $624,865,000 after buying an additional 8,297,201 shares during the last quarter. 57.10% of the stock is owned by hedge funds and other institutional investors.

AT&T Company Profile

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.