AT&T (NYSE:T) Stock Price Up 1.2% – Time to Buy?

Shares of AT&T Inc. (NYSE:T) rose 1.2% on Monday . The stock traded as high as $24.09 and last traded at $24.07. Approximately 42,580,705 shares traded hands during trading, a decline of 17% from the average daily volume of 51,610,277 shares. The stock had previously closed at $23.79.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on T. Weiss Ratings upgraded AT&T from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, August 3rd. Barclays cut their target price on AT&T from $26.00 to $24.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 8th. Oppenheimer downgraded AT&T from an “outperform” rating to a “market perform” rating in a research report on Wednesday, June 3rd. Wells Fargo & Company raised their price target on shares of AT&T from $18.00 to $20.00 and gave the stock an “underweight” rating in a research note on Thursday, July 23rd. Finally, Sanford C. Bernstein reiterated an “outperform” rating and issued a $25.00 price objective on shares of AT&T in a report on Monday, July 13th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $29.19.

AT&T Price Performance

The company has a market cap of $166.58 billion, a P/E ratio of 8.05, a PEG ratio of 0.98 and a beta of 0.23. The company has a fifty day moving average price of $22.53 and a two-hundred day moving average price of $25.24. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.93 and a current ratio of 0.97.

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

AT&T Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 3rd. Stockholders of record on Friday, July 10th were paid a dividend of $0.2775 per share. The ex-dividend date was Friday, July 10th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.6%. AT&T’s dividend payout ratio is currently 36.75%.

Institutional Investors Weigh In On AT&T

Several large investors have recently made changes to their positions in T. Vanguard Group Inc. lifted its stake in AT&T by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 664,055,700 shares of the technology company’s stock valued at $16,495,144,000 after acquiring an additional 3,585,661 shares during the last quarter. State Street Corp raised its holdings in shares of AT&T by 2.6% in the 4th quarter. State Street Corp now owns 332,089,723 shares of the technology company’s stock valued at $8,249,109,000 after purchasing an additional 8,314,678 shares during the period. Bank of America Corp DE lifted its stake in AT&T by 4.6% in the 1st 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 during the fourth quarter worth about $2,181,977,000. Finally, Bank of New York Mellon Corp grew its holdings in AT&T by 3.5% during the second quarter. Bank of New York Mellon Corp now owns 75,323,574 shares of the technology company’s stock worth $1,559,198,000 after purchasing an additional 2,559,065 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.