AT&T (NYSE:T) Reaches New 52-Week Low – Time to Sell?

AT&T Inc. (NYSE:T) reached a new 52-week low during trading on Tuesday . The stock traded as low as $21.28 and last traded at $21.8150, with a volume of 84949058 shares traded. The stock had previously closed at $22.72.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on T shares. Citigroup lifted their price target on AT&T from $29.00 to $31.50 and gave the company a “buy” rating in a report on Monday, March 23rd. KeyCorp increased their price objective on AT&T from $30.00 to $36.00 and gave the stock an “overweight” rating in a report on Wednesday, March 25th. Scotiabank lowered their target price on AT&T from $31.50 to $31.00 and set a “sector perform” rating on the stock in a research report on Thursday, April 23rd. Arete Research raised AT&T from a “sell” rating to a “neutral” rating and set a $28.00 target price on the stock in a research note on Tuesday, March 10th. Finally, BNP Paribas Exane reduced their price target on AT&T from $28.00 to $26.00 and set a “neutral” rating for the company in a research report on Thursday, April 23rd. One equities research 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.com, the company has an average rating of “Moderate Buy” and a consensus price target of $30.55.

AT&T Price Performance

The company has a 50 day moving average of $24.33 and a two-hundred day moving average of $25.63. The firm has a market cap of $151.58 billion, a P/E ratio of 7.32, a PEG ratio of 0.92 and a beta of 0.21. 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 announced its quarterly earnings data on Wednesday, April 22nd. The technology company reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.02. AT&T had a net margin of 16.94% and a return on equity of 12.49%. The company had revenue of $31.51 billion for the quarter, compared to analysts’ expectations of $31.29 billion. During the same quarter in the previous year, the company posted $0.51 EPS. The business’s revenue was up 2.9% compared to the same quarter last year. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. Sell-side analysts expect that AT&T Inc. will post 2.31 EPS for the current year.

AT&T Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 3rd. Shareholders of record on Friday, July 10th will be paid a dividend of $0.2775 per share. The ex-dividend date of this dividend is Friday, July 10th. This represents a $1.11 dividend on an annualized basis and a yield of 5.1%. AT&T’s dividend payout ratio is currently 37.25%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in T. Brighton Jones LLC lifted its position in AT&T by 26.5% in the 4th quarter. Brighton Jones LLC now owns 48,579 shares of the technology company’s stock worth $1,106,000 after buying an additional 10,188 shares in the last quarter. Osterweis Capital Management Inc. increased its stake in shares of 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 worth $180,000 after acquiring an additional 6,094 shares during the last quarter. Main Street Financial Solutions LLC increased its stake in shares of 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 worth $775,000 after acquiring an additional 1,022 shares during the last quarter. HUB Investment Partners LLC raised its holdings in shares of AT&T by 19.6% during the second quarter. HUB Investment Partners LLC now owns 55,730 shares of the technology company’s stock worth $1,613,000 after acquiring an additional 9,115 shares in the last quarter. Finally, Peapack Gladstone Financial Corp raised its holdings in shares of AT&T by 1.8% during the second quarter. Peapack Gladstone Financial Corp now owns 207,063 shares of the technology company’s stock worth $5,992,000 after acquiring an additional 3,677 shares in the last quarter. 57.10% of the stock is owned by hedge funds and other institutional investors.

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.