AT&T (NYSE:T) Stock Price Down 1.3% – Here’s What Happened

Shares of AT&T Inc. (NYSE:T) fell 1.3% during trading on Wednesday . The company traded as low as $22.55 and last traded at $23.0670. Approximately 65,236,577 shares were traded during mid-day trading, an increase of 26% from the average daily volume of 51,710,758 shares. The stock had previously closed at $23.38.

More AT&T News

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

• Positive Sentiment: New kids’ tablet launch may support customer engagement. AT&T introduced the amiGO Jr. Tab 2, an upgraded child-focused tablet operating on its 5G network and priced at $4.99 per month for 36 months. The product could help AT&T attract and retain family customers, although its direct financial impact is likely modest. AT&T’s Exclusive Kids Device Line Gets an Upgrade with the New amiGO Jr. Tab 2
• Neutral Sentiment: AT&T completed a new international debt offering. The company sold euro- and sterling-denominated global notes, increasing funding flexibility and supporting refinancing needs. However, additional borrowing is a consideration for investors given AT&T’s already significant debt load. AT&T boosts European funding with new debt issuance
• Neutral Sentiment: Wireless carriers are collaborating on stronger mobile authentication. AT&T, Verizon and T-Mobile enabled Glide.id’s SIM-anchored cryptographic authentication technology to combat AI-driven fraud. The initiative could improve trust in mobile identity services, but it is unlikely to materially affect near-term revenue. AT&T Teams Up With Verizon And T Mobile On Glide.id Security
• Negative Sentiment: SpaceX plans to expand Starlink into a full mobile service. SpaceX President Gwynne Shotwell said the company intends to combine Starlink satellites with ground-based infrastructure, potentially turning Starlink Mobile into a direct wireless competitor. Investors are concerned about customer losses, pricing pressure and higher network investment requirements for AT&T. SpaceX plans terrestrial mobile network to rival AT&T, Verizon, T-Mobile

Analyst Ratings Changes

T has been the subject of several recent analyst reports. Wells Fargo & Company raised their target price on AT&T from $18.00 to $20.00 and gave the company an “underweight” rating in a research note on Thursday, July 23rd. Sanford C. Bernstein reissued an “outperform” rating and issued a $25.00 price target on shares of AT&T in a report on Monday, July 13th. The Goldman Sachs Group set a $30.00 price objective on AT&T in a research note on Wednesday, July 22nd. Morgan Stanley lifted their price objective on AT&T from $25.00 to $27.00 and gave the stock an “overweight” rating in a report on Thursday, July 23rd. Finally, Weiss Ratings raised AT&T from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $29.19.

AT&T Stock Performance

The company has a market capitalization of $158.06 billion, a price-to-earnings ratio of 7.64, a price-to-earnings-growth ratio of 0.96 and a beta of 0.23. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.93 and a current ratio of 0.97. The company’s fifty day simple moving average is $22.62 and its two-hundred day simple moving average is $25.23.

AT&T (NYSE:T) last issued its 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 analyst estimates of $31.80 billion. During the same quarter in the prior year, the business posted $0.54 EPS. The company’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. Equities research analysts predict that AT&T Inc. will post 2.34 earnings per share for the current fiscal year.

AT&T Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 3rd. Investors of record on Friday, July 10th were issued a $0.2775 dividend. This represents a $1.11 annualized dividend and a yield of 4.8%. The ex-dividend date of this dividend was Friday, July 10th. AT&T’s payout ratio is currently 36.75%.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Norges Bank acquired a new position in AT&T in the fourth quarter worth $2,181,977,000. Amundi raised its holdings in shares of AT&T by 67.5% during the third quarter. Amundi now owns 42,295,492 shares of the technology company’s stock worth $1,094,184,000 after purchasing an additional 17,040,328 shares during the period. Alyeska Investment Group L.P. lifted its position in shares of AT&T by 620.8% in the 4th quarter. Alyeska Investment Group L.P. now owns 11,891,778 shares of the technology company’s stock worth $295,392,000 after buying an additional 10,241,949 shares during the last quarter. State Street Corp lifted its position in shares of AT&T by 2.6% in the 4th quarter. State Street Corp now owns 332,089,723 shares of the technology company’s stock worth $8,249,109,000 after buying an additional 8,314,678 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in shares of AT&T by 49.2% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 25,155,597 shares of the technology company’s stock valued at $624,865,000 after buying an additional 8,297,201 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.