AT&T (NYSE:T) Coverage Initiated by Analysts at Wells Fargo & Company

Wells Fargo & Company initiated coverage on shares of AT&T (NYSE:T) in a research note published on Wednesday morning, Marketbeat.com reports. The firm issued a strong sell rating and a $18.00 price target on the technology company’s stock.

Several other research firms have also issued reports on T. Morgan Stanley dropped their price objective on AT&T from $30.00 to $25.00 and set an “overweight” rating for the company in a research note on Tuesday. Oppenheimer downgraded shares of AT&T from an “outperform” rating to a “market perform” rating in a report on Wednesday, June 3rd. KeyCorp upped their price objective on shares of AT&T from $30.00 to $36.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 25th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $31.00 price objective on shares of AT&T in a report on Wednesday, May 20th. Finally, Scotiabank reduced their target price on AT&T from $31.50 to $31.00 and set a “sector perform” rating on the stock in a report on Thursday, April 23rd. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $29.68.

AT&T Stock Down 0.1%

NYSE T opened at $21.06 on Wednesday. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.87 and a current ratio of 0.92. The firm has a 50-day simple moving average of $23.57 and a 200 day simple moving average of $25.45. AT&T has a twelve month low of $19.89 and a twelve month high of $29.79. The stock has a market cap of $146.33 billion, a PE ratio of 7.07, a PEG ratio of 0.86 and a beta of 0.24.

AT&T (NYSE:T) last released its earnings results on Wednesday, April 22nd. The technology company reported $0.57 earnings per share for the quarter, topping analysts’ consensus estimates of $0.55 by $0.02. AT&T had a return on equity of 12.49% and a net margin of 16.94%.The business had revenue of $31.51 billion for the quarter, compared to the consensus estimate of $31.29 billion. During the same period last year, the business earned $0.51 earnings per share. The firm’s revenue for the quarter was up 2.9% compared to the same quarter last year. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. On average, research analysts forecast that AT&T will post 2.31 EPS for the current year.

AT&T Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 3rd. Investors of record on Friday, July 10th will be issued a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a dividend yield of 5.3%. The ex-dividend date of this dividend is Friday, July 10th. AT&T’s payout ratio is currently 37.25%.

Institutional Investors Weigh In On AT&T

A number of hedge funds have recently added to or reduced their stakes in the stock. Breakwater Capital Group lifted its holdings in AT&T by 2.6% during the 2nd quarter. Breakwater Capital Group now owns 50,818 shares of the technology company’s stock worth $1,052,000 after buying an additional 1,295 shares in the last quarter. Crumly & Associates Inc. raised its position in shares of AT&T by 2.4% during the second quarter. Crumly & Associates Inc. now owns 20,424 shares of the technology company’s stock worth $423,000 after acquiring an additional 476 shares during the last quarter. Beaird Harris Wealth Management LLC raised its position in shares of AT&T by 8.0% during the second quarter. Beaird Harris Wealth Management LLC now owns 16,665 shares of the technology company’s stock worth $345,000 after acquiring an additional 1,228 shares during the last quarter. Gradient Investments LLC lifted its stake in shares of AT&T by 16.3% during the second quarter. Gradient Investments LLC now owns 24,411 shares of the technology company’s stock valued at $505,000 after acquiring an additional 3,430 shares during the period. Finally, Beacon Bank & Trust lifted its stake in shares of AT&T by 8.2% during the second quarter. Beacon Bank & Trust now owns 10,334 shares of the technology company’s stock valued at $214,000 after acquiring an additional 781 shares during the period. Institutional investors own 57.10% of the company’s stock.

AT&T News Summary

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

• Positive Sentiment: AT&T was highlighted as a top telecom/value stock, with analysts pointing to attractive valuation and dividend appeal for long-term investors.
• Positive Sentiment: The company may benefit from a rival carrier’s bankruptcy, which could strengthen AT&T’s competitive position in wireless and broadband. AT&T leaves rivals flat-footed as bankrupt carrier folds
• Positive Sentiment: AT&T, Ericsson, and MediaTek completed a 5G Advanced mobility trial, underscoring continued network innovation and potential service-quality improvements. Ericsson, AT&T and MediaTek complete North America’s first in-field trial of enhanced mobility features
• Neutral Sentiment: AT&T’s expanded Build-A-Plan bundle could improve customer flexibility and support retention, but the immediate stock impact is unclear. Is AT&T (T) Undervalued On Its Build A Plan Expansion?
• Negative Sentiment: Barclays lowered its price target on AT&T from $26 to $24 and kept an equal-weight rating, signaling softer expectations.
• Negative Sentiment: Morgan Stanley cut its price target on AT&T from $30 to $25, which may be contributing to recent share weakness.

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.