AT&T (NYSE:T) Shares Up 1.2% – Still a Buy?

Shares of AT&T Inc. (NYSE:T) traded up 1.2% during trading on Friday . The company traded as high as $22.72 and last traded at $22.6980. Approximately 84,480,264 shares traded hands during trading, an increase of 90% from the average daily volume of 44,529,063 shares. The stock had previously closed at $22.42.

Wall Street Analyst Weigh In

T has been the topic of several research analyst reports. BNP Paribas Exane dropped their price objective on shares of AT&T from $28.00 to $26.00 and set a “neutral” rating on the stock in a research report on Thursday, April 23rd. Arete Research upgraded shares of AT&T from a “sell” rating to a “neutral” rating and set a $28.00 price target on the stock in a research note on Tuesday, March 10th. Royal Bank Of Canada reissued an “outperform” rating and issued a $31.00 price target on shares of AT&T in a report on Wednesday, May 20th. Citigroup boosted their price objective on AT&T from $29.00 to $31.50 and gave the stock a “buy” rating in a report on Monday, March 23rd. Finally, Weiss Ratings downgraded AT&T from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, May 29th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $30.55.

AT&T Trading Up 1.2%

The firm has a market capitalization of $157.71 billion, a P/E ratio of 7.62, a price-to-earnings-growth ratio of 0.93 and a beta of 0.21. The business’s 50-day moving average is $24.48 and its 200 day moving average is $25.66. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.92 and a quick ratio of 0.87.

AT&T (NYSE:T) last issued its quarterly earnings data on Wednesday, April 22nd. The technology company reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.55 by $0.02. The business had revenue of $31.51 billion during the quarter, compared to analysts’ expectations of $31.29 billion. AT&T had a net margin of 16.94% and a return on equity of 12.49%. The business’s revenue was up 2.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.51 EPS. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. As a group, analysts anticipate that AT&T Inc. will post 2.31 EPS for the current fiscal year.

AT&T Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 3rd. Stockholders of record on Friday, July 10th will be given a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.9%. The ex-dividend date is Friday, July 10th. AT&T’s payout ratio is presently 37.25%.

Institutional Investors Weigh In On AT&T

A number of large investors have recently added to or reduced their stakes in the stock. GGM Financials LLC bought a new position in shares of AT&T in the third quarter worth $25,000. Rachor Investment Advisory Services LLC acquired a new position in AT&T in the fourth quarter valued at about $25,000. Safe Harbor Fiduciary LLC bought a new stake in AT&T during the fourth quarter worth about $25,000. Cresta Advisors Ltd. bought a new stake in AT&T during the fourth quarter worth about $26,000. Finally, Blueline Advisors LLC acquired a new stake in AT&T during the fourth quarter worth about $26,000. Institutional investors and hedge funds 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.