AT&T (NYSE:T) Shares Up 1.3% – Here’s Why

AT&T Inc. (NYSE:TGet Free Report)’s stock price traded up 1.3% during trading on Thursday . The company traded as high as $27.95 and last traded at $27.7630. 58,059,976 shares were traded during trading, an increase of 29% from the average session volume of 45,106,262 shares. The stock had previously closed at $27.41.

Trending Headlines about AT&T

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

Analyst Ratings Changes

A number of equities research analysts have issued reports on T shares. Morgan Stanley cut their price target on shares of AT&T from $32.00 to $30.00 and set an “overweight” rating on the stock in a report on Wednesday, December 10th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $31.00 price objective on shares of AT&T in a research note on Thursday, February 12th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $33.00 target price on shares of AT&T in a report on Thursday, January 29th. Sanford C. Bernstein cut their target price on AT&T from $31.00 to $30.00 and set an “outperform” rating on the stock in a research note on Friday, January 16th. Finally, Citigroup reduced their price target on AT&T from $32.00 to $29.00 and set a “buy” rating on the stock in a report on Monday, December 22nd. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $30.35.

Read Our Latest Analysis on AT&T

AT&T Trading Up 2.1%

The company has a quick ratio of 0.86, a current ratio of 0.91 and a debt-to-equity ratio of 1.00. The firm’s fifty day moving average is $26.67 and its two-hundred day moving average is $26.28. The firm has a market cap of $197.81 billion, a P/E ratio of 9.29, a PEG ratio of 1.04 and a beta of 0.39.

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

Institutional Trading of AT&T

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

AT&T Company Profile

(Get Free Report)

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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