AT&T (NYSE:T - Get Free Report) had its price target dropped by investment analysts at JPMorgan Chase & Co. from $33.00 to $31.00 in a research report issued on Thursday, Benzinga reports. The brokerage presently has an "overweight" rating on the technology company's stock. JPMorgan Chase & Co.'s price target indicates a potential upside of 37.41% from the company's previous close.

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Several other brokerages have also commented on T. Royal Bank Of Canada decreased their target price on AT&T from $31.00 to $27.00 and set an "outperform" rating for the company in a research report on Monday, July 20th. Barclays set a $21.00 price target on AT&T in a research report on Thursday. KeyCorp reduced their price objective on AT&T from $36.00 to $33.00 and set an "overweight" rating on the stock in a research note on Thursday. TD Cowen reaffirmed a "hold" rating and issued a $33.00 price objective on shares of AT&T in a report on Thursday. Finally, Wells Fargo & Company boosted their target price on shares of AT&T from $18.00 to $20.00 and gave the company an "underweight" rating in a research note on Thursday, July 23rd. Twelve equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $28.70.

Read Our Latest Analysis on AT&T

AT&T Stock Up 3.0%

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Shares of AT&T stock traded up $0.65 during trading on Thursday, reaching $22.56. The company had a trading volume of 6,210,193 shares, compared to its average volume of 48,422,406. The company has a market cap of $154.60 billion, a price-to-earnings ratio of 7.44, a price-to-earnings-growth ratio of 1.14 and a beta of 0.25. The firm's fifty day moving average is $24.90 and its 200-day moving average is $24.29. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.93 and a current ratio of 0.97. AT&T has a fifty-two week low of $19.89 and a fifty-two week high of $29.43.

AT&T (NYSE:T - Get Free Report) last posted its quarterly earnings results on Wednesday, October 21st. The technology company reported $0.65 EPS for the quarter, topping analysts' consensus estimates of $0.60 by $0.05. The business had revenue of $32.32 billion during the quarter, compared to the consensus estimate of $31.69 billion. AT&T had a return on equity of 12.86% and a net margin of 16.94%. The company's revenue for the quarter was up 5.2% compared to the same quarter last year. During the same period last year, the firm earned $0.54 earnings per share. On average, analysts anticipate that AT&T will post 2.33 EPS for the current year.

Institutional Trading of AT&T

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Hedge funds and other institutional investors have recently modified their holdings of the company. State Street Corp raised its position in AT&T by 5.8% in the second quarter. State Street Corp now owns 334,273,613 shares of the technology company's stock worth $6,919,464,000 after acquiring an additional 18,468,679 shares in the last quarter. Bank of America Corp DE boosted its position in shares of AT&T by 4.6% during the 1st quarter. Bank of America Corp DE now owns 125,191,700 shares of the technology company's stock valued at $3,629,307,000 after purchasing an additional 5,449,222 shares in the last quarter. Bank of New York Mellon Corp grew its stake in shares of AT&T by 12.7% in 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 purchasing an additional 8,197,935 shares during the last quarter. GQG Partners LLC acquired a new position in shares of AT&T in the 2nd quarter worth approximately $1,223,364,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of AT&T by 2.5% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 55,616,152 shares of the technology company's stock worth $1,151,254,000 after purchasing an additional 1,336,556 shares in the last quarter. Institutional investors own 57.10% of the company's stock.

Key AT&T News

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

• Positive Sentiment: AT&T reported adjusted earnings of $0.65 per share and revenue of $32.32 billion, exceeding consensus estimates. Revenue increased roughly 5.2% year over year, and management raised its 2026 adjusted EPS outlook to approximately $2.40. AT&T third-quarter results
• Positive Sentiment: Growth was led by fiber, fixed wireless and wireless services. AT&T added a record 769,000 internet customers, including 442,000 fiber additions, and 379,000 postpaid phone customers. Advanced Connectivity revenue rose 6.1%, while operating income increased 18.9%. AT&T fiber and wireless growth
• Positive Sentiment: The company plans to return capital through buybacks and dividends, while reducing planned annual capital investment for 2027 and 2028 to $22 billion-$23 billion. This could improve free-cash-flow conversion and support shareholder returns.
• Positive Sentiment: KeyCorp maintained an “overweight” rating, although it reduced its price target from $36 to $33, implying substantial long-term upside from the referenced share price. KeyCorp price target update
• Neutral Sentiment: Management is emphasizing bundled fiber-and-wireless plans to attract higher-value, more loyal customers. AT&T also added approximately 350,000 converged relationships during the quarter, but the strategy may require continued promotions and customer incentives.
• Negative Sentiment: Investors remain concerned about leverage. Total debt reached approximately $159.6 billion after the EchoStar spectrum transaction, and AT&T now expects to return to its 2.5-times net-debt-to-adjusted-EBITDA target range in 2029, suggesting slower deleveraging than anticipated.
• Negative Sentiment: A $2.6 billion non-cash impairment related to the Mexico wireless business weighed on reported profit and highlighted execution risks. Margin pressure also made the earnings beat appear less compelling to some investors.
• Negative Sentiment: Potential competition from SpaceX’s Starlink Mobile service is raising fears of higher customer-acquisition costs and slower wireless growth, even though AT&T executives have downplayed the threat. AT&T and Starlink competition

About AT&T

(Get Free Report)

AT&T Inc NYSE: T is a telecommunications company that provides wireless communications, broadband, and related connectivity services. Its offerings include mobile voice and data plans, internet access, fiber broadband, fixed wireless services, and business communications solutions.

The company serves consumers, businesses, government agencies, and other organizations primarily in the United States. AT&T’s business operations include wireless network services, wireline connectivity, fiber-optic internet, voice services, and networking solutions designed to connect locations, devices, and applications.

AT&T traces its history to the Bell System and has operated under its current corporate name since 2005, following the acquisition of AT&T Corp.

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