AT&T (NYSE:T) Trading Down 1.7% – What’s Next?

AT&T Inc. (NYSE:T) traded down 1.7% during mid-day trading on Wednesday . The company traded as low as $27.70 and last traded at $27.8620. 44,439,911 shares traded hands during mid-day trading, a decline of 5% from the average session volume of 46,839,938 shares. The stock had previously closed at $28.35.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on T shares. Arete Research set a $20.00 price objective on AT&T in a research note on Tuesday, January 6th. Citigroup dropped their target price on AT&T from $32.00 to $29.00 and set a “buy” rating for the company in a research report on Monday, December 22nd. Scotiabank reissued a “sector perform” rating and set a $29.50 price target on shares of AT&T in a research report on Wednesday, January 7th. The Goldman Sachs Group lowered their price objective on shares of AT&T from $33.00 to $29.00 and set a “buy” rating for the company in a research note on Friday, December 19th. Finally, Morgan Stanley dropped their price objective on shares of AT&T from $32.00 to $30.00 and set an “overweight” rating for the company in a report on Wednesday, December 10th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $29.93.

AT&T Stock Down 1.7%

The company has a market cap of $195.05 billion, a price-to-earnings ratio of 9.14, a price-to-earnings-growth ratio of 1.06 and a beta of 0.39. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.86 and a current ratio of 0.91. The business has a 50-day simple moving average of $25.42 and a 200-day simple moving average of $26.36.

AT&T (NYSE:T) last released its earnings results on Wednesday, January 28th. The technology company reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates of $0.46 by $0.06. AT&T had a net margin of 17.47% and a return on equity of 12.33%. The firm had revenue of $33.47 billion for the quarter, compared to analyst estimates of $32.91 billion. During the same period in the prior year, the firm earned $0.43 earnings per share. The business’s quarterly revenue was up 3.6% compared to the same quarter last year. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. On average, equities analysts anticipate that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.

AT&T Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, February 2nd. Investors of record on Monday, January 12th were paid a dividend of $0.2775 per share. The ex-dividend date was Monday, January 12th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.0%. AT&T’s payout ratio is presently 36.39%.

Institutional Trading of AT&T

A number of institutional investors have recently bought and sold shares of T. Front Row Advisors LLC purchased a new stake in AT&T during the second quarter worth approximately $25,000. Mountain Hill Investment Partners Corp. raised its holdings in AT&T by 363.7% during the third quarter. Mountain Hill Investment Partners Corp. now owns 895 shares of the technology company’s stock worth $25,000 after purchasing an additional 702 shares in the last quarter. GGM Financials LLC acquired a new stake in AT&T during the third quarter worth approximately $25,000. Rachor Investment Advisory Services LLC purchased a new stake in shares of AT&T during the 4th quarter worth approximately $25,000. Finally, Safe Harbor Fiduciary LLC acquired a new position in shares of AT&T in the 4th quarter valued at $25,000. 57.10% of the stock is owned by hedge funds and other institutional investors.

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.