Analysts Set AT&T Inc. (NYSE:T) PT at $29.68

Shares of AT&T Inc. (NYSE:T) have been given a consensus recommendation of “Moderate Buy” by the twenty ratings firms that are presently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $29.3375.

Several equities analysts recently commented on the company. Barclays dropped their price objective on AT&T from $26.00 to $24.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 8th. Morgan Stanley decreased their target price on AT&T from $30.00 to $25.00 and set an “overweight” rating for the company in a research report on Tuesday, July 7th. Citigroup boosted their target price on AT&T from $29.00 to $31.50 and gave the company a “buy” rating in a research note on Monday, March 23rd. KeyCorp upped their price target on AT&T from $30.00 to $36.00 and gave the company an “overweight” rating in a research report on Wednesday, March 25th. Finally, Weiss Ratings lowered AT&T from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, May 29th.

AT&T Stock Down 0.9%

AT&T stock opened at $21.79 on Friday. AT&T has a 1-year low of $19.89 and a 1-year high of $29.79. The firm has a market capitalization of $151.38 billion, a price-to-earnings ratio of 7.31, a price-to-earnings-growth ratio of 0.86 and a beta of 0.24. The firm’s fifty day moving average price is $22.98 and its two-hundred day moving average price is $25.30. 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 (NYSE:T) last announced its quarterly earnings results 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. The business had revenue of $31.51 billion during the quarter, compared to the consensus estimate of $31.29 billion. AT&T had a return on equity of 12.49% and a net margin of 16.94%.AT&T’s revenue was up 2.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.51 earnings per share. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. On average, equities research analysts predict that AT&T will post 2.32 earnings per share for the current fiscal year.

AT&T Announces Dividend

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

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of T. IFM Investors Pty Ltd raised its stake in shares of AT&T by 5.3% during the first quarter. IFM Investors Pty Ltd now owns 1,488,172 shares of the technology company’s stock worth $43,142,000 after acquiring an additional 74,684 shares in the last quarter. Parr Mcknight Wealth Management Group LLC purchased a new stake in shares of AT&T in the 1st quarter valued at $2,901,000. Annex Advisory Services LLC boosted its stake in shares of AT&T by 749.1% in the 4th quarter. Annex Advisory Services LLC now owns 159,598 shares of the technology company’s stock valued at $3,964,000 after purchasing an additional 140,802 shares in the last quarter. World Investment Advisors boosted its stake in shares of AT&T by 85.0% in the 4th quarter. World Investment Advisors now owns 338,942 shares of the technology company’s stock valued at $8,419,000 after purchasing an additional 155,728 shares in the last quarter. Finally, Cerity Partners LLC grew its holdings in shares of AT&T by 3.7% during the 4th quarter. Cerity Partners LLC now owns 1,668,862 shares of the technology company’s stock valued at $41,449,000 after purchasing an additional 59,279 shares during the last quarter. 57.10% of the stock is currently owned by hedge funds and other institutional investors.

Trending Headlines about AT&T

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

• Positive Sentiment: Analysts have recently raised earnings estimates for AT&T, and several firms maintain price targets well above the current share price, including a new $29.25 target from Scotiabank and a median target around $25.50. This suggests Wall Street still sees upside if execution stays on track. Analysts Set AT&T Inc. (NYSE:T) Target Price at $29.68
• Positive Sentiment: Erste Group Bank lifted its FY2026 and FY2027 EPS estimates for AT&T, reinforcing expectations that earnings remain stable and could support valuation ahead of the report.
• Positive Sentiment: AT&T said its AI-based network outage prevention system cut customer downtime by more than 12 million hours, highlighting improving network reliability and a potential operational advantage. AT&T built an AI system to prevent network outages. It reduced customer downtime by more than 12 million hours
• Positive Sentiment: Recent commentary ahead of earnings points to continued expansion in fiber, enterprise connectivity, and connected-car offerings, which could help offset slower growth in wireless.
• Neutral Sentiment: Investor and hedge-fund activity appears mixed: some large funds have added to AT&T, while others reduced exposure, suggesting the name remains widely watched but not universally favored.
• Neutral Sentiment: AT&T also disclosed modest lobbying activity tied to telecom regulation, broadband support, and spectrum issues. That is important for the business, but it is not a near-term earnings catalyst.
• Negative Sentiment: Competition in telecom remains intense, and several recent articles emphasize that AT&T still has questions to answer on growth and execution heading into earnings. That uncertainty is likely weighing on shares.
• Negative Sentiment: Some analyst targets remain below the current trading range, including recent calls from Wells Fargo and Scotiabank in the high teens to low $20s, showing that not all analysts believe the rally is fully justified.

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.