AT&T (NYSE:T) Trading 3.5% Higher Following Better-Than-Expected Earnings

Shares of AT&T Inc. (NYSE:T) shot up 3.5% on Wednesday after the company announced better than expected quarterly earnings. The company traded as high as $23.65 and last traded at $23.0350. 187,202,083 shares traded hands during mid-day trading, an increase of 270% from the average daily volume of 50,654,254 shares. The stock had previously closed at $22.26.

The technology company reported $0.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.59 by $0.06. The firm had revenue of $31.56 billion for the quarter, compared to the consensus estimate of $31.80 billion. AT&T had a return on equity of 12.49% and a net margin of 16.94%.The company’s quarterly revenue was up 2.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.54 earnings per share. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS.

AT&T Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 3rd. Shareholders of record on Friday, July 10th will be given a $0.2775 dividend. 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 4.8%. AT&T’s payout ratio is 37.25%.

Trending Headlines about AT&T

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

• Positive Sentiment: AT&T beat Q2 adjusted EPS expectations at $0.65 versus roughly $0.59 expected, helping reinforce the company’s earnings momentum. AT&T Delivers Strong Second-Quarter Results as Investment-Led Strategy Gains Momentum
• Positive Sentiment: The company added more than 1 million advanced connectivity customers, including strong postpaid phone and broadband growth, which suggests its wireless and fiber strategy is gaining traction. AT&T tops targets for wireless subscriber additions as bundle offers gain traction
• Positive Sentiment: Free cash flow improved and AT&T reiterated its full-year 2026 guidance while signaling faster buybacks, which is supportive of shareholder returns and valuation. AT&T’s stock rises after earnings. Here’s why investors are cheering.
• Neutral Sentiment: Revenue came in slightly below estimates, so the report was not a clean beat across all metrics even though profits and subscriptions were strong. AT&T (NYSE:T) Reports Sales Below Analyst Estimates In Q2 CY2026 Earnings
• Neutral Sentiment: Investor attention remains focused on competition from satellite players like SpaceX/Starlink, but management pushed back on those fears, suggesting the threat may be overstated for now. Why AT&T Stock Rallied Today

Wall Street Analysts Forecast Growth

T has been the topic of a number of recent analyst reports. KeyCorp raised their price target on shares of AT&T from $30.00 to $36.00 and gave the company an “overweight” rating in a report on Wednesday, March 25th. Scotiabank decreased their price objective on shares of AT&T from $31.00 to $29.25 and set a “sector perform” rating for the company in a report on Wednesday, July 15th. Morgan Stanley lowered their price objective on shares of AT&T from $30.00 to $25.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 7th. Royal Bank Of Canada dropped their target price on shares of AT&T from $31.00 to $27.00 and set an “outperform” rating on the stock in a report on Monday. Finally, Wall Street Zen raised shares of AT&T from a “sell” rating to a “hold” rating in a research report on Saturday, June 20th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, nine have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $29.19.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. grew its position in AT&T by 0.5% during 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 buying an additional 3,585,661 shares during the period. State Street Corp increased its holdings in AT&T by 2.6% during the fourth quarter. State Street Corp now owns 332,089,723 shares of the technology company’s stock valued at $8,249,109,000 after buying an additional 8,314,678 shares during the last quarter. Bank of America Corp DE raised its position in AT&T by 4.6% in the first quarter. Bank of America Corp DE now owns 125,191,700 shares of the technology company’s stock worth $3,629,307,000 after acquiring an additional 5,449,222 shares during the period. Norges Bank bought a new position in AT&T in the fourth quarter worth approximately $2,181,977,000. Finally, Bank of New York Mellon Corp boosted its stake in shares of AT&T by 12.7% during the 1st quarter. Bank of New York Mellon Corp now owns 72,764,509 shares of the technology company’s stock worth $2,109,443,000 after acquiring an additional 8,197,935 shares during the last quarter. 57.10% of the stock is owned by hedge funds and other institutional investors.

AT&T Stock Up 3.5%

The company’s 50 day moving average price is $22.83 and its two-hundred day moving average price is $25.25. The firm has a market cap of $160.06 billion, a PE ratio of 7.73, a PEG ratio of 0.88 and a beta of 0.24. The company has a current ratio of 0.92, a quick ratio of 0.87 and a debt-to-equity ratio of 1.05.

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.