AT&T (NYSE:T) Upgraded to Outperform at BNP Paribas Exane

BNP Paribas Exane upgraded shares of AT&T (NYSE:T) from a neutral rating to an outperform rating in a research note published on Monday, Marketbeat Ratings reports. BNP Paribas Exane currently has $30.00 price objective on the technology company’s stock, up from their prior price objective of $26.00.

Several other analysts have also commented on T. Argus cut their price objective on AT&T from $33.00 to $30.00 and set a “buy” rating for the company in a report on Thursday, July 23rd. Oppenheimer downgraded AT&T from an “outperform” rating to a “market perform” rating in a report on Wednesday, June 3rd. Scotiabank dropped their target price on AT&T from $31.00 to $29.25 and set a “sector perform” rating on the stock in a research report on Wednesday, July 15th. Wolfe Research upgraded AT&T from a “peer perform” rating to an “outperform” rating and set a $29.00 price target for the company in a research note on Thursday, July 23rd. Finally, Barclays reduced their price target on shares of AT&T from $26.00 to $24.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 8th. Twelve research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $29.20.

AT&T Price Performance

T opened at $25.46 on Monday. The stock has a fifty day simple moving average of $24.55 and a two-hundred day simple moving average of $24.95. The company has a current ratio of 0.97, a quick ratio of 0.93 and a debt-to-equity ratio of 1.06. The company has a market cap of $174.46 billion, a price-to-earnings ratio of 8.43, a price-to-earnings-growth ratio of 1.26 and a beta of 0.25. AT&T has a 12-month low of $19.89 and a 12-month high of $29.43.

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, beating the consensus estimate of $0.59 by $0.06. The firm had revenue of $31.56 billion during the quarter, compared to analyst estimates of $31.80 billion. AT&T had a net margin of 16.94% and a return on equity of 12.86%. The business’s revenue was up 2.3% on a year-over-year basis. During the same period last year, the business earned $0.54 earnings per share. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. Research analysts predict that AT&T will post 2.34 earnings per share for the current fiscal year.

AT&T Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 3rd. Stockholders of record on Friday, July 10th were given a $0.2775 dividend. This represents a $1.11 annualized dividend and a dividend yield of 4.4%. The ex-dividend date was Friday, July 10th. AT&T’s payout ratio is presently 36.75%.

Institutional Trading of AT&T

Several institutional investors have recently made changes to their positions in the business. Blueline Advisors LLC purchased a new stake in AT&T during the 4th quarter valued at approximately $26,000. Winnow Wealth LLC boosted its position in shares of AT&T by 362.8% during the fourth quarter. Winnow Wealth LLC now owns 1,046 shares of the technology company’s stock worth $26,000 after acquiring an additional 820 shares during the last quarter. Orion Capital Management LLC bought a new position in shares of AT&T during the second quarter worth $26,000. Addison Advisors LLC purchased a new position in AT&T during the second quarter valued at $27,000. Finally, Fairway Wealth LLC purchased a new position in AT&T during the first quarter valued at $29,000. Hedge funds and other institutional investors own 57.10% of the company’s stock.

AT&T Company Profile

AT&T Inc (NYSE:T) is a telecommunications company that provides wireless communications, broadband internet, voice, and related connectivity services. Its offerings include mobile phone and data plans, fiber-optic internet, fixed wireless access, traditional voice services, and networking solutions for businesses and government customers.

The company serves consumers, businesses, and public-sector organizations primarily across the United States. AT&T also provides wireless services in Mexico and operates extensive communications networks that support mobile connectivity, internet access, data transmission, and enterprise communications.

AT&T traces its history to the development of the Bell System and has evolved through a series of reorganizations and acquisitions.