AT&T (NYSE:T) Shares Up 1.4% – Here’s Why

AT&T Inc. (NYSE:T) rose 1.4% during trading on Thursday . The company traded as high as $24.68 and last traded at $24.5880. 35,171,263 shares traded hands during mid-day trading, a decline of 31% from the average daily volume of 51,274,492 shares. The stock had previously closed at $24.25.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Oppenheimer downgraded shares of AT&T from an “outperform” rating to a “market perform” rating in a research note on Wednesday, June 3rd. Wall Street Zen upgraded shares of AT&T from a “sell” rating to a “hold” rating in a research report on Saturday, June 20th. Royal Bank Of Canada dropped their price target on shares of AT&T from $31.00 to $27.00 and set an “outperform” rating for the company in a research report on Monday, July 20th. Wolfe Research upgraded shares of AT&T from a “peer perform” rating to an “outperform” rating and set a $29.00 price target for the company in a research note on Thursday, July 23rd. Finally, Wells Fargo & Company lifted their price objective on AT&T from $18.00 to $20.00 and gave the company an “underweight” rating in a report on Thursday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $29.19.

AT&T Price Performance

The company’s 50 day moving average price is $22.54 and its 200 day moving average price is $25.24. 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 has a market cap of $168.49 billion, a price-to-earnings ratio of 8.14, a P/E/G ratio of 1.00 and a beta of 0.23.

AT&T (NYSE:T) last announced its earnings results on Wednesday, July 22nd. The technology company reported $0.65 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $31.80 billion. During the same quarter last year, the company posted $0.54 EPS. The firm’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. On average, equities research analysts predict that AT&T Inc. will post 2.34 earnings per share for the current fiscal year.

AT&T Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, August 3rd. Investors of record on Friday, July 10th were issued a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a yield of 4.5%. The ex-dividend date of this dividend was Friday, July 10th. AT&T’s dividend payout ratio (DPR) is currently 36.75%.

Institutional Trading of AT&T

Several large investors have recently made changes to their positions in T. Cibc World Market Inc. bought a new stake in shares of AT&T during the second quarter worth $35,534,000. Satovsky Asset Management LLC acquired a new position in AT&T during the 2nd quarter worth about $253,000. OMERS ADMINISTRATION Corp acquired a new position in AT&T during the 2nd quarter worth about $10,115,000. Leigh Baldwin & CO. LLC bought a new stake in AT&T during the 2nd quarter worth about $322,000. Finally, Osmosis Investment Management UK Ltd bought a new stake in AT&T during the 2nd quarter worth about $537,000. Institutional investors 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.