AT&T (NYSE:T) Shares Down 2.3% – Here’s Why

Shares of AT&T Inc. (NYSE:T) dropped 2.3% on Wednesday . The stock traded as low as $28.06 and last traded at $28.3230. Approximately 40,327,102 shares changed hands during trading, a decline of 12% from the average daily volume of 45,749,645 shares. The stock had previously closed at $28.99.

Trending Headlines about AT&T

Here are the key news stories impacting AT&T this week:

• Positive Sentiment: Launched OneConnect — a bundled wireless + home internet subscription intended to simplify billing and drive retention/ARPU expansion; this product rollout is a clear growth initiative that analysts say could support share gains. AT&T Launches OneConnect (PRNewsWire)
• Positive Sentiment: Secured a roughly $2 billion FirstNet agreement (AT&T to invest ≈$1B and deliver ~$1B in program cost savings) — supports recurring revenue, 5G rollout and strengthens AT&T’s public-safety moat. AT&T signs $2B FirstNet deal (Reuters)
• Positive Sentiment: Scotiabank nudged its price target up to $31.50 (sector perform), implying modest upside from current levels and adding some analyst support to the name. Scotiabank raises PT (TickerReport)
• Neutral Sentiment: Institutional interest and analyst commentary remain mixed — Goldman Sachs and other analysts continue to highlight subscriber momentum and network positioning even as they flag capex and competition. Analyst reactions to OneConnect (TipRanks)
• Neutral Sentiment: Asset monetization in Michigan — sale of Upper Peninsula wireline assets to UP Fiber shifts local infrastructure ownership; modest near-term cash/cleanup but limited impact on nationwide revenue profile. UP Fiber acquires AT&T assets (Yahoo)
• Negative Sentiment: Price hikes on legacy unlimited plans are drawing negative customer reaction and messy reports about implementation — could raise churn risk and hurt brand perception in the near term. Legacy plan price hikes (MSN)
• Negative Sentiment: Consumer press and tech sites describe the plan changes rollout as “a mess,” which can amplify short-term volatility and give traders a reason to sell into the newsflow. Press coverage of plan rollout issues (9to5Mac)

Analysts Set New Price Targets

T has been the topic of a number of recent analyst reports. Royal Bank Of Canada restated an “outperform” rating and issued a $31.00 target price on shares of AT&T in a research note on Thursday, February 12th. The Goldman Sachs Group lowered their price objective on AT&T from $33.00 to $29.00 and set a “buy” rating for the company in a report on Friday, December 19th. Scotiabank upped their price objective on AT&T from $31.00 to $31.50 and gave the company a “sector perform” rating in a research note on Wednesday. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $33.00 target price on shares of AT&T in a report on Thursday, January 29th. Finally, KeyCorp lifted their target price on AT&T from $30.00 to $36.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 25th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat, AT&T currently has a consensus rating of “Moderate Buy” and a consensus target price of $30.74.

AT&T Stock Performance

The stock’s 50-day moving average price is $27.42 and its 200-day moving average price is $26.21. The company has a current ratio of 0.91, a quick ratio of 0.86 and a debt-to-equity ratio of 1.00. The company has a market capitalization of $197.80 billion, a P/E ratio of 9.29, a P/E/G ratio of 1.07 and a beta of 0.39.

AT&T (NYSE:T) last announced its quarterly earnings data on Wednesday, January 28th. The technology company reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.46 by $0.06. The business had revenue of $33.47 billion during the quarter, compared to the consensus estimate of $32.91 billion. AT&T had a net margin of 17.47% and a return on equity of 12.33%. The company’s revenue for the quarter was up 3.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.43 EPS. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. As a group, equities analysts expect that AT&T Inc. will post 2.14 EPS for the current year.

AT&T Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 1st. Stockholders of record on Friday, April 10th will be issued a dividend of $0.2775 per share. The ex-dividend date of this dividend is Friday, April 10th. This represents a $1.11 annualized dividend and a dividend yield of 3.9%. AT&T’s dividend payout ratio is 36.39%.

Institutional Trading of AT&T

Several hedge funds have recently made changes to their positions in the stock. Csenge Advisory Group lifted its stake in shares of AT&T by 20.3% in the 3rd quarter. Csenge Advisory Group now owns 189,293 shares of the technology company’s stock worth $5,346,000 after acquiring an additional 31,935 shares during the period. Rhumbline Advisers increased its stake in shares of AT&T by 0.4% during the third quarter. Rhumbline Advisers now owns 12,810,872 shares of the technology company’s stock valued at $361,779,000 after acquiring an additional 49,727 shares during the period. Wealthfront Advisers LLC raised its holdings in AT&T by 4.9% during the third quarter. Wealthfront Advisers LLC now owns 1,411,031 shares of the technology company’s stock worth $39,848,000 after purchasing an additional 66,448 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. raised its holdings in AT&T by 1.4% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 18,133,054 shares of the technology company’s stock worth $512,077,000 after purchasing an additional 248,567 shares in the last quarter. Finally, Public Sector Pension Investment Board lifted its position in AT&T by 140.8% in the third quarter. Public Sector Pension Investment Board now owns 2,888,630 shares of the technology company’s stock worth $81,575,000 after purchasing an additional 1,689,073 shares during the period. Institutional investors own 57.10% of the company’s stock.

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.