AT&T (NYSE:T) Trading 1.9% Higher – Should You Buy?

Shares of AT&T Inc. (NYSE:T) rose 1.9% during mid-day trading on Monday . The stock traded as high as $21.63 and last traded at $21.5410. Approximately 63,648,323 shares changed hands during mid-day trading, an increase of 33% from the average session volume of 47,883,465 shares. The stock had previously closed at $21.13.

Key Headlines Impacting AT&T

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

• Positive Sentiment: KeyCorp raised its earnings estimates for AT&T across several periods and kept an Overweight rating with a $36 price target, signaling confidence in the company’s earnings trajectory.
• Positive Sentiment: AT&T said it is the fastest connectivity provider, citing Ookla data showing customers with AT&T Wireless and Fiber experience the fastest converged speeds in the U.S., which could support its competitive positioning. Article: AT&T is the Fastest Connectivity Provider
• Neutral Sentiment: AT&T is getting attention for its move away from copper landlines in Nevada and California, reflecting the ongoing shift away from legacy wireline infrastructure. Article: AT&T copper landlines expected to be out of Nevada by 2030
• Negative Sentiment: AT&T phone bills are expected to rise in early August due to a higher monthly fee, which could weigh on customer sentiment and churn risk. Article: AT&T phone bills are going up. See why, and by how much
• Negative Sentiment: Bernstein cut price targets for AT&T and other telecom names after factoring in Starlink’s growing competitive threat, adding to broader sector weakness. Article: SpaceX’s Starlink threat causes Bernstein to cut Verizon, AT&T, Comcast PTs

Wall Street Analyst Weigh In

Several analysts recently commented on T shares. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $25.00 price objective on shares of AT&T in a research note on Monday. Morgan Stanley dropped their price target on AT&T from $30.00 to $25.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 7th. KeyCorp lifted their price objective on AT&T from $30.00 to $36.00 and gave the company an “overweight” rating in a report on Wednesday, March 25th. Scotiabank decreased their price objective on AT&T from $31.50 to $31.00 and set a “sector perform” rating for the company in a research report on Thursday, April 23rd. Finally, Royal Bank Of Canada reissued an “outperform” rating and set a $31.00 target price on shares of AT&T in a research note on Wednesday, May 20th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, AT&T has an average rating of “Moderate Buy” and an average price target of $29.43.

AT&T Stock Performance

The stock has a fifty day simple moving average of $23.19 and a 200-day simple moving average of $25.36. The stock has a market cap of $147.99 billion, a P/E ratio of 7.15, a PEG ratio of 0.88 and a beta of 0.24. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.87 and a current ratio of 0.92.

AT&T (NYSE:T) last issued its quarterly earnings results on Wednesday, April 22nd. The technology company reported $0.57 EPS for the quarter, beating analysts’ consensus estimates of $0.55 by $0.02. The company had revenue of $31.51 billion for the quarter, compared to analyst estimates of $31.29 billion. AT&T had a return on equity of 12.49% and a net margin of 16.94%.The company’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.51 earnings per share. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. On average, equities analysts expect that AT&T Inc. will post 2.31 earnings per share for the current year.

AT&T Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, August 3rd. Shareholders of record on Friday, July 10th will be paid a $0.2775 dividend. The ex-dividend date is Friday, July 10th. This represents a $1.11 annualized dividend and a yield of 5.2%. AT&T’s payout ratio is presently 37.25%.

Hedge Funds Weigh In On AT&T

Several hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. lifted its position in AT&T by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 664,055,700 shares of the technology company’s stock worth $16,495,144,000 after buying an additional 3,585,661 shares in the last quarter. State Street Corp raised its holdings in AT&T by 2.6% during the fourth 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 in the last quarter. Bank of America Corp DE boosted its position in AT&T by 4.6% during the first quarter. Bank of America Corp DE now owns 125,191,700 shares of the technology company’s stock valued at $3,629,307,000 after purchasing an additional 5,449,222 shares during the last quarter. Norges Bank bought a new position in AT&T in the fourth quarter valued at approximately $2,181,977,000. Finally, Bank of New York Mellon Corp increased its position in shares of AT&T by 12.7% during 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 purchasing an additional 8,197,935 shares during the last quarter. 57.10% of the stock is owned by institutional investors.

AT&T Company Profile

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.