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

AT&T Inc. (NYSE:T)’s stock price fell 1.3% on Monday . The stock traded as low as $28.72 and last traded at $28.7360. 34,661,149 shares were traded during trading, a decline of 24% from the average session volume of 45,594,668 shares. The stock had previously closed at $29.10.

Key Headlines Impacting AT&T

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)

Analysts Set New Price Targets

A number of equities research analysts have commented on T shares. Wolfe Research lowered AT&T from an “outperform” rating to a “peer perform” rating in a research report on Monday, December 15th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $33.00 target price on shares of AT&T in a report on Thursday, January 29th. Royal Bank Of Canada restated an “outperform” rating and set a $31.00 price target on shares of AT&T in a report on Thursday, February 12th. Sanford C. Bernstein lowered their price objective on shares of AT&T from $31.00 to $30.00 and set an “outperform” rating on the stock in a research report on Friday, January 16th. Finally, Oppenheimer upped their price objective on shares of AT&T from $29.00 to $32.00 and gave the company an “outperform” rating in a research note on Wednesday, March 11th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $30.74.

AT&T Trading Down 2.3%

The company has a 50 day moving average of $27.42 and a 200 day moving average of $26.21. The firm has a market cap of $197.80 billion, a P/E ratio of 9.29, a PEG ratio of 1.07 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.

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

AT&T Dividend Announcement

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

Hedge Funds Weigh In On AT&T

Several hedge funds have recently bought and sold shares of the business. Front Row Advisors LLC acquired a new position in shares of AT&T during the 2nd quarter valued at about $25,000. Mountain Hill Investment Partners Corp. lifted its holdings in AT&T by 363.7% in the 3rd 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 during the last quarter. GGM Financials LLC bought a new stake in AT&T during the third quarter worth approximately $25,000. Safe Harbor Fiduciary LLC bought a new stake in AT&T during the fourth quarter worth approximately $25,000. Finally, Rachor Investment Advisory Services LLC acquired a new position in AT&T during the fourth quarter valued at approximately $25,000. 57.10% of the stock is 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.