AT&T (NYSE:T) Shares Gap Up After Earnings Beat

AT&T Inc. (NYSE:T)’s share price gapped up before the market opened on Wednesday after the company announced better than expected quarterly earnings. The stock had previously closed at $22.26, but opened at $23.38. AT&T shares last traded at $23.1640, with a volume of 23,849,498 shares changing hands.

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

AT&T Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, August 3rd. Stockholders of record on Friday, July 10th will be paid a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.8%. The ex-dividend date is Friday, July 10th. AT&T’s dividend payout ratio is 37.25%.

Key Headlines Impacting 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

Analyst Upgrades and Downgrades

T has been the subject of several research analyst reports. Barclays lowered their price objective on AT&T from $26.00 to $24.00 and set an “equal weight” rating for the company in a report on Wednesday, July 8th. Weiss Ratings downgraded AT&T from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday. Morgan Stanley lowered their price target on AT&T from $30.00 to $25.00 and set an “overweight” rating for the company in a report on Tuesday, July 7th. BNP Paribas Exane lowered their price target on AT&T from $28.00 to $26.00 and set a “neutral” rating for the company in a report on Thursday, April 23rd. Finally, Scotiabank dropped their price target 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. 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 issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $29.19.

Institutional Investors Weigh In On AT&T

Several institutional investors and hedge funds have recently bought and sold shares of T. Rachor Investment Advisory Services LLC bought a new stake in shares of AT&T in the 4th quarter worth approximately $25,000. Safe Harbor Fiduciary LLC bought a new position in AT&T during the 4th quarter worth $25,000. Cresta Advisors Ltd. bought a new position in AT&T during the 4th quarter worth $26,000. Blueline Advisors LLC acquired a new stake in AT&T in the fourth quarter worth $26,000. Finally, Winnow Wealth LLC increased its position in AT&T by 362.8% in the fourth quarter. Winnow Wealth LLC now owns 1,046 shares of the technology company’s stock worth $26,000 after buying an additional 820 shares during the period. Institutional investors and hedge funds own 57.10% of the company’s stock.

AT&T Price Performance

The company has a quick ratio of 0.87, a current ratio of 0.92 and a debt-to-equity ratio of 1.05. The company has a market capitalization of $160.06 billion, a P/E ratio of 7.73, a PEG ratio of 0.88 and a beta of 0.24. The business has a 50 day simple moving average of $22.83 and a 200-day simple moving average of $25.25.

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.