AT&T (NYSE:T) Trading Down 1.2% – Should You Sell?

AT&T Inc. (NYSE:T)’s stock price was down 1.2% on Tuesday . The stock traded as low as $21.25 and last traded at $21.2980. Approximately 50,090,295 shares were traded during mid-day trading, an increase of 5% from the average session volume of 47,925,957 shares. The stock had previously closed at $21.55.

AT&T News Roundup

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

• Positive Sentiment: Scotiabank raised its price target on AT&T to $29.25, while KeyCorp reiterated an Overweight rating and lifted multiple earnings estimates for 2026 and 2027, signaling higher profit expectations. AT&T (NYSE:T) Given New $29.25 Price Target at Scotiabank
• Positive Sentiment: New carrier-report coverage says AT&T has made “big improvements,” which may reinforce confidence in its wireless execution and competitive positioning. AT&T Shows Big Improvements in Latest Carrier Report
• Positive Sentiment: AT&T said Ookla data shows its wireless and fiber customers experience the fastest converged speeds in the U.S., a marketing win that could help subscriber retention and growth. AT&T is the Fastest Connectivity Provider
• Positive Sentiment: The company is also showcasing its network in consumer-facing promotions at Fanatics Fest NYC, which is unlikely to move fundamentals much but keeps the brand visible. AT&T Connects Fans to the Moments Defining Sports Culture at Fanatics Fest NYC

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Wells Fargo & Company assumed coverage on AT&T in a research report on Wednesday, July 8th. They set an “underweight” rating and a $18.00 target price for the company. Morgan Stanley reduced their price objective on shares of AT&T from $30.00 to $25.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 7th. Oppenheimer lowered shares of AT&T from an “outperform” rating to a “market perform” rating in a report on Wednesday, June 3rd. Barclays dropped their price target on AT&T from $26.00 to $24.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 8th. Finally, Weiss Ratings cut AT&T from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, May 29th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $29.34.

AT&T Stock Up 1.4%

The company has a debt-to-equity ratio of 1.05, a current ratio of 0.92 and a quick ratio of 0.87. The company has a market capitalization of $151.04 billion, a price-to-earnings ratio of 7.30, a PEG ratio of 0.86 and a beta of 0.24. The firm has a 50-day moving average price of $23.11 and a two-hundred day moving average price of $25.34.

AT&T (NYSE:T) last announced its earnings results on Wednesday, April 22nd. The technology company reported $0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.55 by $0.02. The business 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%.AT&T’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.51 EPS. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. As a group, sell-side analysts anticipate that AT&T Inc. will post 2.32 earnings per share for the current fiscal year.

AT&T Announces Dividend

The firm also recently disclosed 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 5.1%. The ex-dividend date of this dividend is Friday, July 10th. AT&T’s payout ratio is currently 37.25%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Brighton Jones LLC raised its holdings in AT&T by 26.5% during the fourth quarter. Brighton Jones LLC now owns 48,579 shares of the technology company’s stock worth $1,106,000 after acquiring an additional 10,188 shares in the last quarter. Osterweis Capital Management Inc. grew its stake in AT&T by 4,352.9% in the second quarter. Osterweis Capital Management Inc. now owns 6,234 shares of the technology company’s stock valued at $180,000 after purchasing an additional 6,094 shares in the last quarter. Main Street Financial Solutions LLC grew its stake in AT&T by 4.0% in the second quarter. Main Street Financial Solutions LLC now owns 26,796 shares of the technology company’s stock valued at $775,000 after purchasing an additional 1,022 shares in the last quarter. HUB Investment Partners LLC increased its position in shares of AT&T by 19.6% during the 2nd quarter. HUB Investment Partners LLC now owns 55,730 shares of the technology company’s stock worth $1,613,000 after purchasing an additional 9,115 shares during the last quarter. Finally, Peapack Gladstone Financial Corp increased its position in shares of AT&T by 1.8% during the 2nd quarter. Peapack Gladstone Financial Corp now owns 207,063 shares of the technology company’s stock worth $5,992,000 after purchasing an additional 3,677 shares during the last quarter. Institutional investors and hedge funds own 57.10% of the company’s stock.

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.