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

AT&T Inc. (NYSE:T) shares fell 1.1% on Tuesday . The stock traded as low as $23.02 and last traded at $23.3410. 55,130,398 shares were traded during mid-day trading, an increase of 7% from the average session volume of 51,691,063 shares. The stock had previously closed at $23.59.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. Scotiabank lowered their target price on shares of AT&T from $31.00 to $29.25 and set a “sector perform” rating for the company in a research note on Wednesday, July 15th. Weiss Ratings lowered shares of AT&T from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, July 20th. Wolfe Research raised shares of AT&T from a “peer perform” rating to an “outperform” rating and set a $29.00 price target for the company in a report on Thursday, July 23rd. Oppenheimer downgraded shares of AT&T from an “outperform” rating to a “market perform” rating in a research note on Wednesday, June 3rd. Finally, Royal Bank Of Canada dropped their price objective on shares of AT&T from $31.00 to $27.00 and set an “outperform” rating on the stock in a report on Monday, July 20th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $29.19.

AT&T Stock Performance

The company has a debt-to-equity ratio of 1.06, a current ratio of 0.97 and a quick ratio of 0.93. The company has a market capitalization of $159.94 billion, a PE ratio of 7.73, a price-to-earnings-growth ratio of 0.95 and a beta of 0.23. The firm’s fifty day simple moving average is $22.65 and its 200 day simple moving average is $25.23.

AT&T (NYSE:T) last released its quarterly earnings data on Wednesday, July 22nd. The technology company reported $0.65 earnings per share for the quarter, beating analysts’ consensus estimates of $0.59 by $0.06. The business had revenue of $31.56 billion during the quarter, compared to analyst estimates of $31.80 billion. AT&T had a return on equity of 12.86% and a net margin of 16.94%.The company’s revenue was up 2.3% on a year-over-year basis. During the same quarter last year, the business posted $0.54 EPS. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. On average, research analysts predict that AT&T Inc. will post 2.34 EPS for the current year.

AT&T Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, August 3rd. Investors of record on Friday, July 10th were given a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a yield of 4.8%. The ex-dividend date was Friday, July 10th. AT&T’s dividend payout ratio (DPR) is currently 36.75%.

Institutional Investors Weigh In On AT&T

A number of hedge funds and other institutional investors have recently made changes to their positions in T. Tsfg LLC raised its position in shares of AT&T by 3.6% during the fourth quarter. Tsfg LLC now owns 10,656 shares of the technology company’s stock valued at $265,000 after buying an additional 366 shares during the last quarter. Lifestyle Asset Management Inc. lifted its position in AT&T by 3.6% in the fourth quarter. Lifestyle Asset Management Inc. now owns 10,511 shares of the technology company’s stock worth $261,000 after purchasing an additional 368 shares during the period. Hillsdale Investment Management Inc. boosted its stake in AT&T by 1.2% during the fourth quarter. Hillsdale Investment Management Inc. now owns 31,970 shares of the technology company’s stock worth $794,000 after buying an additional 370 shares in the last quarter. Bruce G. Allen Investments LLC boosted its stake in AT&T by 1.7% during the fourth quarter. Bruce G. Allen Investments LLC now owns 22,398 shares of the technology company’s stock worth $556,000 after buying an additional 374 shares in the last quarter. Finally, Rockline Wealth Management LLC increased its holdings in AT&T by 3.8% in the 4th quarter. Rockline Wealth Management LLC now owns 10,445 shares of the technology company’s stock valued at $259,000 after buying an additional 378 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.