Argus Cuts AT&T (NYSE:T) Price Target to $30.00

AT&T (NYSE:T) had its price objective cut by Argus from $33.00 to $30.00 in a report issued on Thursday,Benzinga reports. They currently have a buy rating on the technology company’s stock.

T has been the topic of a number of other reports. BNP Paribas Exane decreased their price objective on shares of AT&T from $28.00 to $26.00 and set a “neutral” rating on the stock in a research note on Thursday, April 23rd. Wall Street Zen upgraded AT&T from a “sell” rating to a “hold” rating in a research note on Saturday, June 20th. Weiss Ratings downgraded AT&T from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, July 20th. Morgan Stanley lifted their price target on AT&T from $25.00 to $27.00 and gave the company an “overweight” rating in a research note on Thursday. Finally, Oppenheimer cut AT&T from an “outperform” rating to a “market perform” rating in a report on Wednesday, June 3rd. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $29.19.

AT&T Trading Up 4.8%

Shares of AT&T stock opened at $24.05 on Thursday. The company has a market capitalization of $164.83 billion, a price-to-earnings ratio of 7.97, a PEG ratio of 0.94 and a beta of 0.24. The company has a quick ratio of 0.87, a current ratio of 0.97 and a debt-to-equity ratio of 1.06. AT&T has a 12-month low of $19.89 and a 12-month high of $29.79. The firm’s 50-day moving average price is $22.79 and its two-hundred day moving average price is $25.23.

AT&T (NYSE:T) last released its earnings results on Wednesday, July 22nd. The technology company reported $0.65 EPS for the quarter, beating the consensus estimate of $0.59 by $0.06. AT&T had a net margin of 16.94% and a return on equity of 12.86%. The firm had revenue of $31.56 billion for the quarter, compared to analyst estimates of $31.80 billion. During the same period last year, the firm earned $0.54 EPS. The business’s quarterly 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. On average, analysts forecast that AT&T will post 2.34 earnings per share for the current fiscal year.

AT&T Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 3rd. Investors of record on Friday, July 10th will be given a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a yield of 4.6%. The ex-dividend date is Friday, July 10th. AT&T’s dividend payout ratio is currently 36.75%.

Hedge Funds Weigh In On AT&T

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

More AT&T News

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

• Positive Sentiment: AT&T reported better-than-expected Q2 adjusted earnings of $0.65 per share, helped by strong wireless subscriber growth, reinforcing confidence in its core business. Stock Market Today, July 22: AT&T Beats Earnings on Strong Wireless Subscriber Growth
• Positive Sentiment: Wolfe Research upgraded AT&T after the earnings release, saying the stock looks attractive following the quarter and that fears around SpaceX competition may be overstated. Wolfe Research Just Upgraded AT&T Stock. Here’s Why.
• Positive Sentiment: Analysts highlighted AT&T’s fiber-led growth path, with fiber, wireless convergence, and copper shutdowns supporting margin gains, buybacks, and an intact 2026 outlook. T Q2 Earnings Call Points to Fiber-Led Growth Path
• Neutral Sentiment: AT&T saw unusually heavy call-option buying, which suggests traders are positioning for further upside after the earnings-driven rally. Wolfe Research Just Upgraded AT&T Stock. Here’s Why.
• Negative Sentiment: One headline about an AT&T internet outage could weigh on sentiment by reminding investors of service reliability risks, though it appears to be a limited operational issue. ATT internet outage for some. AT and T outage Thursday

About AT&T

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.