AT&T (NYSE:T) Stock Price Up 1.3% – Time to Buy?

Shares of AT&T Inc. (NYSE:TGet Free Report) shot up 1.3% during mid-day trading on Friday . The stock traded as high as $27.85 and last traded at $27.7330. 27,554,889 shares changed hands during trading, a decline of 39% from the average session volume of 45,539,836 shares. The stock had previously closed at $27.39.

Key Stories Impacting AT&T

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

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Wells Fargo & Company decreased their target price on AT&T from $29.00 to $27.00 and set an “overweight” rating on the stock in a research report on Monday, January 26th. Arete Research upgraded AT&T from a “sell” rating to a “neutral” rating and set a $28.00 price target for the company in a research note on Tuesday. Wolfe Research lowered AT&T from an “outperform” rating to a “peer perform” rating in a report on Monday, December 15th. Barclays lowered their price objective on AT&T from $28.00 to $26.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 13th. Finally, Royal Bank Of Canada reissued an “outperform” rating and set a $31.00 target price on shares of AT&T in a report on Thursday, February 12th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat, AT&T presently has a consensus rating of “Moderate Buy” and an average price target of $30.35.

View Our Latest Research Report on T

AT&T Trading Up 1.3%

The company has a debt-to-equity ratio of 1.00, a current ratio of 0.91 and a quick ratio of 0.86. The company has a market capitalization of $194.15 billion, a price-to-earnings ratio of 9.09, a P/E/G ratio of 1.01 and a beta of 0.39. The business’s 50-day moving average price is $26.25 and its two-hundred day moving average price is $26.33.

AT&T (NYSE:TGet Free Report) last issued its quarterly earnings results 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 return on equity of 12.33% and a net margin of 17.47%.The business had revenue of $33.47 billion for the quarter, compared to the consensus estimate of $32.91 billion. During the same quarter in the prior year, the business posted $0.43 earnings per share. 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. Research analysts predict that AT&T Inc. will post 2.14 earnings per share for the current year.

AT&T Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, February 2nd. Stockholders of record on Monday, January 12th were issued a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a dividend yield of 4.0%. The ex-dividend date of this dividend was Monday, January 12th. AT&T’s dividend payout ratio is 36.39%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Front Row Advisors LLC bought a new stake in shares of AT&T during the 2nd quarter worth approximately $25,000. Mountain Hill Investment Partners Corp. increased its stake in AT&T by 363.7% in the third quarter. Mountain Hill Investment Partners Corp. now owns 895 shares of the technology company’s stock valued at $25,000 after acquiring an additional 702 shares during the last quarter. GGM Financials LLC acquired a new position in AT&T during the third quarter valued at approximately $25,000. Rachor Investment Advisory Services LLC bought a new stake in AT&T during the fourth quarter worth $25,000. Finally, Safe Harbor Fiduciary LLC acquired a new stake in shares of AT&T in the 4th quarter valued at $25,000. Institutional investors and hedge funds own 57.10% of the company’s stock.

About AT&T

(Get Free Report)

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.

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