AT&T Inc. (NYSE:T) Stock Has Consensus Price Target of $29.05

Shares of AT&T Inc. (NYSE:T) have been assigned an average rating of “Moderate Buy” from the nineteen ratings firms that are currently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have issued a buy rating on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $28.55.

T has been the subject of a number of research analyst reports. KeyCorp reduced their target price on AT&T from $36.00 to $33.00 and set an “overweight” rating for the company in a report on Thursday. Argus reaffirmed a “buy” rating and set a $30.00 price target on shares of AT&T in a report on Thursday. BNP Paribas Exane upgraded shares of AT&T from a “neutral” rating to an “outperform” rating and upped their target price for the company from $26.00 to $30.00 in a research note on Monday, September 21st. JPMorgan Chase & Co. lowered their target price on shares of AT&T from $33.00 to $31.00 and set an “overweight” rating on the stock in a research note on Thursday. Finally, Royal Bank Of Canada dropped their price target on shares of AT&T from $31.00 to $27.00 and set an “outperform” rating on the stock in a report on Monday, July 20th.

AT&T Stock Up 3.7%

Shares of AT&T stock opened at $22.73 on Tuesday. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.93 and a current ratio of 0.87. The stock has a market capitalization of $155.72 billion, a PE ratio of 9.17, a price-to-earnings-growth ratio of 1.04 and a beta of 0.25. AT&T has a 52-week low of $19.89 and a 52-week high of $29.43. The company has a 50-day simple moving average of $24.86 and a two-hundred day simple moving average of $24.25.

AT&T (NYSE:T) last issued its earnings results on Wednesday, October 21st. The technology company reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.05. AT&T had a net margin of 10.19% and a return on equity of 13.41%. The firm had revenue of $32.32 billion for the quarter, compared to the consensus estimate of $31.69 billion. During the same quarter in the prior year, the firm posted $0.54 earnings per share. The business’s revenue was up 5.2% on a year-over-year basis. On average, analysts anticipate that AT&T will post 2.39 EPS for the current fiscal year.

AT&T Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, November 2nd. Shareholders of record on Monday, October 12th will be paid a dividend of $0.2775 per share. The ex-dividend date is Friday, October 9th. This represents a $1.11 dividend on an annualized basis and a yield of 4.9%. AT&T’s payout ratio is currently 36.75%.

AT&T News Summary

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

• Positive Sentiment: AT&T reported third-quarter adjusted EPS of $0.65 and revenue of $32.32 billion, exceeding analyst estimates. Revenue increased roughly 5.2% year over year, supported by fiber and wireless growth. AT&T quarterly earnings results
• Positive Sentiment: Record Advanced Connectivity additions included 769,000 internet customers, 442,000 fiber additions and 379,000 postpaid phone additions. Management raised its 2026 adjusted EPS outlook to approximately $2.40 and plans roughly $10 billion in share repurchases. AT&T third-quarter results
• Positive Sentiment: Argus reaffirmed its buy rating with a $30 price target, while JPMorgan and KeyCorp maintained positive ratings despite reducing their targets to $31 and $33, respectively. Analyst ratings
• Neutral Sentiment: AT&T plans to reduce annual capital spending by about $1 billion in 2027–2028 while retaining its goal of reaching more than 60 million fiber locations by 2030. The lower spending supports cash flow but could raise questions about growth investment and fiber execution. AT&T fiber spending strategy
• Negative Sentiment: Investors are concerned that debt reduction is taking longer than expected. Net debt rose following the EchoStar spectrum transaction, and management now expects to return to its targeted net-debt-to-EBITDA range in 2029. A $2.6 billion noncash impairment tied to the Mexico wireless business also weighed on sentiment. AT&T debt and impairment analysis
• Negative Sentiment: Potential competition from SpaceX’s Starlink Mobile service is amplifying concerns about wireless subscriber growth, pricing and the need for additional customer incentives. Fiber introductory promotions are also pressuring pricing. Telecom stocks and Starlink concerns

Hedge Funds Weigh In On AT&T

Several hedge funds and other institutional investors have recently modified their holdings of T. Bank of America Corp DE purchased a new position in shares of AT&T in the second quarter worth approximately $2,310,898,000. GQG Partners LLC bought a new position in AT&T in the 2nd quarter worth $1,223,364,000. Legal & General Group Plc bought a new position in AT&T in the 2nd quarter worth $960,695,000. State Street Corp raised its holdings in AT&T by 5.8% in the 2nd quarter. State Street Corp now owns 334,273,613 shares of the technology company’s stock worth $6,919,464,000 after purchasing an additional 18,468,679 shares during the period. Finally, Nykredit A S purchased a new position in AT&T during the second quarter valued at $259,954,000. 57.10% of the stock is owned by institutional investors.

About AT&T

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.