AT&T (NYSE:T) Trading 4.8% Higher – Should You Buy?

Shares of AT&T Inc. (NYSE:T) rose 4.8% during mid-day trading on Friday . The stock traded as high as $24.13 and last traded at $24.0550. Approximately 80,579,671 shares traded hands during mid-day trading, an increase of 57% from the average session volume of 51,172,395 shares. The stock had previously closed at $22.96.

AT&T News Summary

Here are the key news stories impacting AT&T this week:

• Positive Sentiment: AT&T beat Q2 earnings expectations, helped by strong wireless subscriber growth and improved cash flow, which has reinforced the stock’s post-earnings rally.
• Positive Sentiment: Wolfe Research upgraded AT&T (NYSE: T) after the results, and other analyst coverage continues to highlight fiber-led growth and solid execution.
• Positive Sentiment: Unusually heavy call option activity suggests traders are betting on further upside in the near term.
• Neutral Sentiment: AT&T is also using public-events marketing, such as MLS All-Star Week promotions, to support brand visibility and network positioning. AT&T’s Summer of Soccer Takes Over Charlotte for MLS All-Star Week
• Negative Sentiment: Reports of an internet outage for some customers could weigh on sentiment by raising questions about service reliability. ATT internet outage for some. AT and T outage Thursday

Analysts Set New Price Targets

Several research firms have weighed in on T. Argus cut their target price on AT&T from $33.00 to $30.00 and set a “buy” rating on the stock in a report on Thursday. Royal Bank Of Canada lowered their price objective on AT&T from $31.00 to $27.00 and set an “outperform” rating on the stock in a report on Monday. Morgan Stanley raised their price objective on AT&T from $25.00 to $27.00 and gave the company an “overweight” rating in a research note on Thursday. Wells Fargo & Company upped their target price on AT&T from $18.00 to $20.00 and gave the stock an “underweight” rating in a research report on Thursday. Finally, Wolfe Research raised shares of AT&T from a “peer perform” rating to an “outperform” rating and set a $29.00 price target on the stock in a research report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, AT&T presently has an average rating of “Moderate Buy” and a consensus price target of $29.19.

AT&T Trading Up 4.8%

The company has a market capitalization of $167.14 billion, a price-to-earnings ratio of 7.97, a P/E/G ratio of 0.91 and a beta of 0.24. The company has a 50-day moving average price of $22.79 and a 200-day moving average price of $25.24. The company has a quick ratio of 0.87, a current ratio of 0.97 and a debt-to-equity ratio of 1.06.

AT&T (NYSE:T) last posted its quarterly earnings data on Wednesday, July 22nd. The technology company reported $0.65 EPS for the quarter, topping analysts’ consensus estimates of $0.59 by $0.06. AT&T had a return on equity of 12.86% and a net margin of 16.94%.The business had revenue of $31.56 billion for the quarter, compared to analyst estimates of $31.80 billion. During the same period in the previous year, the company posted $0.54 earnings per share. The firm’s revenue for the quarter was up 2.3% on a year-over-year basis. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. Research analysts predict that AT&T Inc. will post 2.31 EPS for the current fiscal year.

AT&T Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 3rd. Stockholders of record on Friday, July 10th will be issued a dividend of $0.2775 per share. The ex-dividend date is Friday, July 10th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.6%. AT&T’s payout ratio is 37.25%.

Institutional Investors Weigh In On AT&T

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Brighton Jones LLC raised its holdings in AT&T by 26.5% in the 4th quarter. Brighton Jones LLC now owns 48,579 shares of the technology company’s stock valued at $1,106,000 after acquiring an additional 10,188 shares in the last quarter. Osterweis Capital Management Inc. lifted its holdings in AT&T by 4,352.9% during the 2nd quarter. Osterweis Capital Management Inc. now owns 6,234 shares of the technology company’s stock worth $180,000 after buying an additional 6,094 shares in the last quarter. Main Street Financial Solutions LLC boosted its holdings in AT&T by 4.0% in the second quarter. Main Street Financial Solutions LLC now owns 26,796 shares of the technology company’s stock valued at $775,000 after acquiring an additional 1,022 shares during the last quarter. HUB Investment Partners LLC boosted its stake in shares of AT&T by 19.6% in the 2nd quarter. HUB Investment Partners LLC now owns 55,730 shares of the technology company’s stock valued at $1,613,000 after purchasing an additional 9,115 shares during the last quarter. Finally, Peapack Gladstone Financial Corp grew its holdings in AT&T by 1.8% during the 2nd quarter. Peapack Gladstone Financial Corp now owns 207,063 shares of the technology company’s stock worth $5,992,000 after acquiring an additional 3,677 shares during the period. Institutional investors and hedge funds 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.