AT&T (NYSE:T) Stock Price Down 1.3% – Should You Sell?

AT&T Inc. (NYSE:T) shares were down 1.3% during trading on Wednesday . The stock traded as low as $22.55 and last traded at $23.0670. 65,236,577 shares were traded during mid-day trading, an increase of 26% from the average session volume of 51,710,758 shares. The stock had previously closed at $23.38.

Wall Street Analyst Weigh In

T has been the subject of several recent analyst reports. TD Cowen increased their price target on AT&T from $32.00 to $33.00 and gave the stock a “hold” rating in a research note on Thursday, July 23rd. Wall Street Zen raised shares of AT&T from a “sell” rating to a “hold” rating in a report on Saturday, June 20th. Sanford C. Bernstein reiterated an “outperform” rating and issued a $25.00 target price on shares of AT&T in a research report on Monday, July 13th. Weiss Ratings raised shares of AT&T from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday. Finally, Argus dropped their price target on shares of AT&T from $33.00 to $30.00 and set a “buy” rating on the stock in a research report on Thursday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, AT&T presently has a consensus rating of “Moderate Buy” and an average target price of $29.19.

AT&T Stock Performance

The company has a fifty day moving average price of $22.56 and a two-hundred day moving average price of $25.23. The firm has a market cap of $163.10 billion, a price-to-earnings ratio of 7.88, a price-to-earnings-growth ratio of 0.94 and a beta of 0.23. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.97 and a quick ratio of 0.93.

AT&T (NYSE:T) last released 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 return on equity of 12.86% and a net margin of 16.94%.The firm had revenue of $31.56 billion for the quarter, compared to analyst estimates of $31.80 billion. During the same period in the previous year, the company earned $0.54 earnings per share. AT&T’s revenue was up 2.3% compared to the same quarter last year. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. As a group, equities research analysts expect that AT&T Inc. will post 2.34 EPS for the current year.

AT&T Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 3rd. Stockholders of record on Friday, July 10th were paid a $0.2775 dividend. The ex-dividend date of this dividend was Friday, July 10th. This represents a $1.11 annualized dividend and a dividend yield of 4.7%. AT&T’s payout ratio is currently 36.75%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Rachor Investment Advisory Services LLC acquired a new stake in shares of AT&T during the fourth quarter worth $25,000. Safe Harbor Fiduciary LLC purchased a new position in AT&T in the 4th quarter worth about $25,000. Cresta Advisors Ltd. purchased a new position in AT&T in the 4th quarter worth about $26,000. Blueline Advisors LLC acquired a new stake in AT&T during the 4th quarter worth about $26,000. Finally, Winnow Wealth LLC raised its holdings in AT&T by 362.8% during the 4th quarter. Winnow Wealth LLC now owns 1,046 shares of the technology company’s stock worth $26,000 after buying an additional 820 shares during the period. 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.