AT&T (NYSE:T) Reaches New 12-Month Low – What’s Next?

AT&T Inc. (NYSE:T)’s stock price hit a new 52-week low during trading on Wednesday . The stock traded as low as $22.30 and last traded at $22.4160, with a volume of 23313567 shares changing hands. The stock had previously closed at $23.16.

Wall Street Analysts Forecast Growth

T has been the topic of a number of recent analyst reports. BNP Paribas Exane decreased their target price on AT&T from $28.00 to $26.00 and set a “neutral” rating on the stock in a research report on Thursday, April 23rd. Arete Research raised shares of AT&T from a “sell” rating to a “neutral” rating and set a $28.00 price objective for the company in a research note on Tuesday, March 10th. Royal Bank Of Canada restated an “outperform” rating and issued a $31.00 target price on shares of AT&T in a research report on Wednesday, May 20th. Wall Street Zen cut shares of AT&T from a “hold” rating to a “sell” rating in a research note on Saturday, May 30th. Finally, Citigroup upped their price target on shares of AT&T from $29.00 to $31.50 and gave the stock a “buy” rating in a report on Monday, March 23rd. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $30.55.

AT&T Price Performance

The stock has a market cap of $152.97 billion, a P/E ratio of 7.39, a P/E/G ratio of 0.93 and a beta of 0.21. The company’s 50 day moving average price is $24.88 and its 200-day moving average price is $25.77. The company has a quick ratio of 0.87, a current ratio of 0.92 and a debt-to-equity ratio of 1.05.

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

AT&T Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 1st. Shareholders of record on Friday, April 10th were issued a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a yield of 5.0%. The ex-dividend date was Friday, April 10th. AT&T’s dividend payout ratio (DPR) is presently 37.25%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. GGM Financials LLC acquired a new position in AT&T in the third quarter valued at approximately $25,000. Rachor Investment Advisory Services LLC bought a new stake in shares of AT&T in the 4th quarter valued at $25,000. Safe Harbor Fiduciary LLC acquired a new position in shares of AT&T during the 4th quarter valued at $25,000. Cresta Advisors Ltd. acquired a new position in shares of AT&T during the 4th quarter valued at $26,000. Finally, Blueline Advisors LLC bought a new position in AT&T during the fourth quarter worth $26,000. 57.10% of the stock is owned by institutional investors and hedge funds.

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.