AT&T (NYSE:T) Trading Down 2.3% – Time to Sell?

AT&T Inc. (NYSE:T) shares fell 2.3% on Wednesday . The stock traded as low as $28.06 and last traded at $28.3230. 40,327,102 shares traded hands during mid-day trading, a decline of 12% from the average session volume of 45,749,645 shares. The stock had previously closed at $28.99.

More AT&T News

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

• Positive Sentiment: Launched OneConnect — a bundled wireless + home internet subscription intended to simplify billing and drive retention/ARPU expansion; this product rollout is a clear growth initiative that analysts say could support share gains. AT&T Launches OneConnect (PRNewsWire)
• Positive Sentiment: Secured a roughly $2 billion FirstNet agreement (AT&T to invest ≈$1B and deliver ~$1B in program cost savings) — supports recurring revenue, 5G rollout and strengthens AT&T’s public-safety moat. AT&T signs $2B FirstNet deal (Reuters)
• Positive Sentiment: Scotiabank nudged its price target up to $31.50 (sector perform), implying modest upside from current levels and adding some analyst support to the name. Scotiabank raises PT (TickerReport)
• Neutral Sentiment: Institutional interest and analyst commentary remain mixed — Goldman Sachs and other analysts continue to highlight subscriber momentum and network positioning even as they flag capex and competition. Analyst reactions to OneConnect (TipRanks)
• Neutral Sentiment: Asset monetization in Michigan — sale of Upper Peninsula wireline assets to UP Fiber shifts local infrastructure ownership; modest near-term cash/cleanup but limited impact on nationwide revenue profile. UP Fiber acquires AT&T assets (Yahoo)
• Negative Sentiment: Price hikes on legacy unlimited plans are drawing negative customer reaction and messy reports about implementation — could raise churn risk and hurt brand perception in the near term. Legacy plan price hikes (MSN)
• Negative Sentiment: Consumer press and tech sites describe the plan changes rollout as “a mess,” which can amplify short-term volatility and give traders a reason to sell into the newsflow. Press coverage of plan rollout issues (9to5Mac)

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on T. KeyCorp boosted their price target on AT&T from $30.00 to $36.00 and gave the company an “overweight” rating in a research report on Wednesday, March 25th. The Goldman Sachs Group reduced their price objective on AT&T from $33.00 to $29.00 and set a “buy” rating on the stock in a research note on Friday, December 19th. Morgan Stanley decreased their target price on AT&T from $32.00 to $30.00 and set an “overweight” rating for the company in a report on Wednesday, December 10th. TD Cowen reissued a “hold” rating on shares of AT&T in a research report on Thursday, January 29th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $33.00 price target on shares of AT&T in a report on Thursday, January 29th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $30.74.

AT&T Trading Down 2.3%

The firm has a market cap of $197.80 billion, a price-to-earnings ratio of 9.29, a price-to-earnings-growth ratio of 1.07 and a beta of 0.39. 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 business has a 50 day moving average price of $27.42 and a 200-day moving average price of $26.21.

AT&T (NYSE:T) last released its quarterly 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 return on equity of 12.33% and a net margin of 17.47%.The firm had revenue of $33.47 billion during the quarter, compared to analysts’ expectations of $32.91 billion. During the same quarter in the prior year, the business earned $0.43 EPS. AT&T’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. As a group, research analysts expect that AT&T Inc. will post 2.14 EPS for the current fiscal year.

AT&T Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 1st. Investors of record on Friday, April 10th will be paid a dividend of $0.2775 per share. The ex-dividend date of this dividend is Friday, April 10th. This represents a $1.11 annualized dividend and a yield of 3.9%. AT&T’s payout ratio is 36.39%.

Hedge Funds Weigh In On AT&T

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Brighton Jones LLC raised its position in shares of 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 purchasing an additional 10,188 shares in the last quarter. Loomis Sayles & Co. L P increased its stake in shares of AT&T by 134.5% in the second quarter. Loomis Sayles & Co. L P now owns 93,646 shares of the technology company’s stock worth $2,710,000 after buying an additional 53,708 shares during the last quarter. Claret Asset Management Corp increased its stake in shares of AT&T by 9.6% in the second quarter. Claret Asset Management Corp now owns 7,998 shares of the technology company’s stock worth $231,000 after buying an additional 700 shares during the last quarter. Portfolio Design Labs LLC raised its holdings in AT&T by 1.2% in the second quarter. Portfolio Design Labs LLC now owns 116,591 shares of the technology company’s stock valued at $3,374,000 after acquiring an additional 1,335 shares in the last quarter. Finally, Quantbot Technologies LP acquired a new stake in AT&T in the second quarter valued at $712,000. 57.10% of the stock is owned by hedge funds and other institutional investors.

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.