AT&T (NYSE:T) Stock Price Down 6.3% – Here’s What Happened

AT&T Inc. (NYSE:T)’s share price dropped 6.3% during trading on Wednesday. The stock traded as low as $21.79 and last traded at $21.9460. Approximately 83,760,235 shares changed hands during trading, an increase of 72% from the average daily volume of 48,592,676 shares. The stock had previously closed at $23.42.

AT&T News Summary

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

• Positive Sentiment: AT&T reported third-quarter adjusted earnings of $0.65 per share and revenue of $32.32 billion, exceeding analyst estimates. Revenue increased more than 5% year over year, while the company also raised its 2026 profit outlook and accelerated planned share repurchases. AT&T Beats Earnings on Strong Fiber Growth
• Positive Sentiment: Fiber and advanced-connectivity growth remain important long-term catalysts, with AT&T adding more than 1 million advanced-connectivity subscribers. The company plans to maintain its 2030 fiber objective while reducing annual fiber capital spending by approximately $1 billion through 2028. AT&T Key Takeaways for Long-Term Investors
• Positive Sentiment: Several analysts remain constructive: Argus reaffirmed a Buy rating with a $30 price target, while JPMorgan and KeyCorp maintained Overweight ratings despite lowering their targets. Erste Group also modestly increased its 2026 EPS forecast. Argus AT&T Rating

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on T. BNP Paribas Exane raised shares of AT&T from a “neutral” rating to an “outperform” rating and upped their target price for the stock from $26.00 to $30.00 in a research report on Monday, September 21st. Wolfe Research raised 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 report on Thursday, July 23rd. Sanford C. Bernstein lowered shares of AT&T from an “outperform” rating to a “market perform” rating and set a $24.00 price objective on the stock. in a research note on Tuesday, October 13th. Royal Bank Of Canada decreased their target price on shares of AT&T from $31.00 to $27.00 and set an “outperform” rating for the company in a research note on Monday, July 20th. Finally, KeyCorp decreased their target price on shares of AT&T from $36.00 to $33.00 and set an “overweight” rating for the company in a research note on Thursday. Twelve equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $28.55.

AT&T Stock Down 7.5%

The company’s 50-day moving average is $24.86 and its 200 day moving average is $24.25. The company has a market capitalization of $144.21 billion, a PE ratio of 6.97, a P/E/G ratio of 1.04 and a beta of 0.25. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.93 and a current ratio of 0.87.

AT&T (NYSE:T) last released its quarterly earnings data on Wednesday, October 21st. The technology company reported $0.65 earnings per share for the quarter, beating analysts’ consensus estimates of $0.60 by $0.05. The business had revenue of $32.32 billion during the quarter, compared to analyst estimates of $31.69 billion. AT&T had a net margin of 10.19% and a return on equity of 13.41%. AT&T’s revenue was up 5.2% compared to the same quarter last year. During the same period last year, the business earned $0.54 EPS. As a group, analysts anticipate that AT&T Inc. will post 2.39 EPS for the current year.

AT&T Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, November 2nd. Stockholders of record on Monday, October 12th will be issued a dividend of $0.2775 per share. The ex-dividend date is Friday, October 9th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 5.3%. AT&T’s dividend payout ratio is presently 36.75%.

Institutional Investors Weigh In On AT&T

Several institutional investors and hedge funds have recently made changes to their positions in T. State Street Corp lifted its position in AT&T by 5.8% in the 2nd quarter. State Street Corp now owns 334,273,613 shares of the technology company’s stock valued at $6,919,464,000 after acquiring an additional 18,468,679 shares in the last quarter. Bank of America Corp DE boosted its stake in AT&T by 4.6% during the 1st quarter. Bank of America Corp DE now owns 125,191,700 shares of the technology company’s stock valued at $3,629,307,000 after purchasing an additional 5,449,222 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in shares of AT&T by 3.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 75,323,574 shares of the technology company’s stock worth $1,559,198,000 after purchasing an additional 2,559,065 shares in the last quarter. GQG Partners LLC bought a new stake in shares of AT&T in the 2nd quarter worth $1,223,364,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of AT&T by 2.5% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 55,616,152 shares of the technology company’s stock worth $1,151,254,000 after purchasing an additional 1,336,556 shares in the last quarter. Institutional investors own 57.10% of the company’s stock.

About AT&T

AT&T Inc (NYSE: T) is a telecommunications company that provides wireless communications, broadband, and related connectivity services. Its offerings include mobile voice and data plans, internet access, fiber broadband, fixed wireless services, and business communications solutions.

The company serves consumers, businesses, government agencies, and other organizations primarily in the United States. AT&T’s business operations include wireless network services, wireline connectivity, fiber-optic internet, voice services, and networking solutions designed to connect locations, devices, and applications.

AT&T traces its history to the Bell System and has operated under its current corporate name since 2005, following the acquisition of AT&T Corp.