AT&T (NYSE:T) Trading 1% Higher – Time to Buy?

AT&T Inc. (NYSE:T) shares shot up 1% during mid-day trading on Tuesday . The company traded as high as $25.23 and last traded at $24.9360. Approximately 34,282,169 shares changed hands during mid-day trading, a decline of 33% from the average session volume of 50,865,590 shares. The stock had previously closed at $24.68.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Oppenheimer cut shares of AT&T from an “outperform” rating to a “market perform” rating in a research report on Wednesday, June 3rd. The Goldman Sachs Group set a $30.00 price objective on shares of AT&T in a research report on Wednesday, July 22nd. Scotiabank reduced their target price on shares of AT&T from $31.00 to $29.25 and set a “sector perform” rating on the stock in a research note on Wednesday, July 15th. Royal Bank Of Canada decreased their target price on shares of AT&T from $31.00 to $27.00 and set an “outperform” rating on the stock in a report on Monday, July 20th. Finally, Wolfe Research raised shares of AT&T from a “peer perform” rating to an “outperform” rating and set a $29.00 price target for the company in a research note on Thursday, July 23rd. One investment 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. Based on data from MarketBeat, AT&T currently has an average rating of “Moderate Buy” and an average price target of $29.19.

AT&T Trading Up 1.0%

The company has a market cap of $170.87 billion, a PE ratio of 8.26, a price-to-earnings-growth ratio of 1.01 and a beta of 0.23. The company’s 50 day simple moving average is $22.66 and its two-hundred day simple moving average is $25.27. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.97 and a quick ratio of 0.93.

AT&T (NYSE:T) last released its quarterly earnings results on Wednesday, July 22nd. The technology company reported $0.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.59 by $0.06. AT&T had a net margin of 16.94% and a return on equity of 12.86%. The business had revenue of $31.56 billion for the quarter, compared to the consensus estimate of $31.80 billion. During the same period in the previous year, the firm earned $0.54 EPS. The business’s revenue was up 2.3% on a year-over-year basis. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. As a group, sell-side analysts anticipate that AT&T Inc. will post 2.34 EPS for the current fiscal year.

AT&T Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, August 3rd. Shareholders of record on Friday, July 10th were given a $0.2775 dividend. The ex-dividend date of this dividend was Friday, July 10th. This represents a $1.11 dividend on an annualized basis and a yield of 4.5%. AT&T’s payout ratio is presently 36.75%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Bank of America Corp DE acquired a new stake in shares of AT&T in the second quarter valued at $2,310,898,000. Norges Bank acquired a new position in AT&T during the 4th quarter worth about $2,181,977,000. GQG Partners LLC acquired a new position in AT&T during the 2nd quarter worth about $1,223,364,000. Legal & General Group Plc acquired a new position in AT&T during the 2nd quarter worth about $960,695,000. Finally, Amundi boosted 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 acquiring an additional 17,040,328 shares during the period. 57.10% of the stock is currently owned by institutional investors and hedge funds.

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.