AT&T (NYSE:T) Stock Price Down 1.1% – Should You Sell?

AT&T Inc. (NYSE:T) shares dropped 1.1% during trading on Friday . The stock traded as low as $28.33 and last traded at $28.65. Approximately 36,436,321 shares changed hands during mid-day trading, a decline of 21% from the average daily volume of 46,207,316 shares. The stock had previously closed at $28.97.

Analyst Ratings Changes

Several research analysts have issued reports on the company. TD Cowen reiterated a “hold” rating on shares of AT&T in a report on Thursday, January 29th. Barclays cut their target price on AT&T from $28.00 to $26.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 13th. Wall Street Zen lowered shares of AT&T from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Wolfe Research downgraded shares of AT&T from an “outperform” rating to a “peer perform” rating in a report on Monday, December 15th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $33.00 price objective on shares of AT&T in a report on Thursday, January 29th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $29.93.

AT&T Stock Down 1.1%

The company has a current ratio of 0.91, a quick ratio of 0.86 and a debt-to-equity ratio of 1.00. The stock has a market capitalization of $200.57 billion, a PE ratio of 9.39, a P/E/G ratio of 1.08 and a beta of 0.39. The stock’s fifty day simple moving average is $25.96 and its 200-day simple moving average is $26.37.

AT&T (NYSE:T) last issued its quarterly earnings data on Wednesday, January 28th. The technology company reported $0.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.46 by $0.06. AT&T had a net margin of 17.47% and a return on equity of 12.33%. The business had revenue of $33.47 billion during the quarter, compared to the consensus estimate of $32.91 billion. During the same period in the prior year, the firm posted $0.43 EPS. The firm’s quarterly revenue was up 3.6% compared to the same quarter last year. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. As a group, sell-side analysts forecast that AT&T Inc. will post 2.14 EPS for the current fiscal year.

AT&T Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, February 2nd. Shareholders of record on Monday, January 12th were given a $0.2775 dividend. The ex-dividend date of this dividend was Monday, January 12th. This represents a $1.11 annualized dividend and a yield of 3.9%. AT&T’s payout ratio is currently 36.39%.

Institutional Investors Weigh In On AT&T

Hedge funds have recently made changes to their positions in the business. Union Savings Bank purchased a new stake in AT&T during the fourth quarter worth about $361,000. Hsbc Holdings PLC boosted its stake in AT&T by 3.6% in the fourth quarter. Hsbc Holdings PLC now owns 19,091,945 shares of the technology company’s stock valued at $474,467,000 after acquiring an additional 667,373 shares during the last quarter. Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new position in shares of AT&T during the 4th quarter valued at approximately $57,000. Bayban purchased a new stake in shares of AT&T during the 4th quarter worth approximately $101,000. Finally, Pure Financial Advisors LLC increased its stake in shares of AT&T by 6.7% during the 4th quarter. Pure Financial Advisors LLC now owns 43,124 shares of the technology company’s stock worth $1,071,000 after purchasing an additional 2,722 shares during the last quarter. 57.10% of the stock is currently owned by institutional investors.

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.