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

AT&T Inc. (NYSE:T) traded down 1.3% on Wednesday . The stock traded as low as $25.48 and last traded at $25.5680. 34,299,029 shares were traded during trading, a decline of 20% from the average session volume of 43,046,203 shares. The stock had previously closed at $25.90.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. Morgan Stanley initiated coverage on shares of AT&T in a research report on Thursday, April 16th. They set an “overweight” rating and a $30.00 price objective on the stock. Barclays decreased their target price on shares of AT&T from $28.00 to $26.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 13th. TD Cowen reissued a “hold” rating on shares of AT&T in a research note on Thursday, January 29th. Sanford C. Bernstein reduced their price objective on shares of AT&T from $31.00 to $30.00 and set an “outperform” rating for the company in a research note on Friday, January 16th. Finally, Oppenheimer lifted 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, thirteen have given a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $30.55.

AT&T Stock Performance

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’s 50 day moving average is $27.36 and its 200-day moving average is $26.04. The firm has a market cap of $174.69 billion, a price-to-earnings ratio of 8.44, a price-to-earnings-growth ratio of 0.93 and a beta of 0.23.

AT&T (NYSE:T) last released its quarterly earnings data on Wednesday, April 22nd. The technology company reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.02. AT&T had a net margin of 16.94% and a return on equity of 12.49%. The business had revenue of $31.51 billion during the quarter, compared to analyst estimates of $31.29 billion. During the same quarter in the previous year, the business earned $0.51 EPS. AT&T’s quarterly revenue 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. Sell-side analysts anticipate that AT&T Inc. will post 2.31 earnings per share for the current fiscal year.

AT&T Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, May 1st. Investors of record on Friday, April 10th were issued a $0.2775 dividend. This represents a $1.11 annualized dividend and a yield of 4.4%. The ex-dividend date was Friday, April 10th. AT&T’s dividend payout ratio (DPR) is 37.25%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in AT&T by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 664,055,700 shares of the technology company’s stock worth $16,495,144,000 after acquiring an additional 3,585,661 shares during the period. State Street Corp raised its holdings in AT&T by 2.6% in the 4th quarter. State Street Corp now owns 332,089,723 shares of the technology company’s stock worth $8,249,109,000 after acquiring an additional 8,314,678 shares during the period. Bank of America Corp DE raised its holdings in AT&T by 3.5% in the 4th quarter. Bank of America Corp DE now owns 119,742,478 shares of the technology company’s stock worth $2,974,403,000 after acquiring an additional 4,079,062 shares during the period. Norges Bank bought a new position in AT&T in the 4th quarter worth $2,181,977,000. Finally, Bank of New York Mellon Corp raised its holdings in AT&T by 12.7% in the 1st quarter. Bank of New York Mellon Corp now owns 72,764,509 shares of the technology company’s stock worth $2,109,443,000 after acquiring an additional 8,197,935 shares during the period. 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.