AT&T (NYSE:T) Stock Rating Reaffirmed as “Buy” by Argus

AT&T (NYSE:T)‘s stock had its “buy” rating reiterated by equities research analysts at Argus in a note issued to investors on Thursday, Benzinga reports. They currently have a $30.00 price objective on the technology company’s stock. Argus‘s price target suggests a potential upside of 32.01% from the company’s previous close.

Several other equities research analysts also recently commented on T. Scotiabank dropped their target price on AT&T from $27.50 to $26.50 and set a “sector perform” rating on the stock in a report on Friday, October 9th. BNP Paribas Exane upgraded AT&T from a “neutral” rating to an “outperform” rating and raised their target price for the company from $26.00 to $30.00 in a report on Monday, September 21st. KeyCorp dropped their target price on AT&T from $36.00 to $33.00 and set an “overweight” rating on the stock in a report on Thursday. Barclays dropped their target price on AT&T from $24.00 to $21.00 and set an “equal weight” rating on the stock in a report on Thursday. Finally, Weiss Ratings upgraded AT&T from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, August 3rd. Twelve investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $28.55.

AT&T Trading Up 3.7%

Shares of AT&T stock traded up $0.82 during trading hours on Thursday, reaching $22.73. The stock had a trading volume of 52,527,091 shares, compared to its average volume of 48,616,344. The firm has a 50 day simple moving average of $24.90 and a two-hundred day simple moving average of $24.29. The firm has a market capitalization of $155.72 billion, a price-to-earnings ratio of 7.52, a P/E/G ratio of 1.14 and a beta of 0.25. The company has a current ratio of 0.97, a quick ratio of 0.93 and a debt-to-equity ratio of 1.06. AT&T has a 1 year low of $19.89 and a 1 year high of $29.43.

AT&T (NYSE:T) last announced its earnings results on Wednesday, October 21st. The technology company reported $0.65 EPS for the quarter, beating the consensus estimate of $0.60 by $0.05. The business had revenue of $32.32 billion for 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 was up 5.2% on a year-over-year basis. During the same period last year, the business posted $0.54 EPS. As a group, equities research analysts anticipate that AT&T will post 2.33 earnings per share for the current year.

Institutional Investors Weigh In On AT&T

Several hedge funds and other institutional investors have recently bought and sold shares of T. Bank of America Corp DE purchased a new stake in AT&T during the 2nd quarter worth approximately $2,310,898,000. GQG Partners LLC purchased a new stake in AT&T during the 2nd quarter worth approximately $1,223,364,000. Legal & General Group Plc purchased a new stake in AT&T during the 2nd quarter worth approximately $960,695,000. State Street Corp increased its holdings in AT&T by 5.8% during 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 last quarter. Finally, Nykredit A S purchased a new stake in AT&T during the 2nd quarter worth approximately $259,954,000. 57.10% of the stock is currently owned by hedge funds and other institutional investors.

AT&T News Roundup

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

• Positive Sentiment: Strong Q3 operating performance: AT&T reported adjusted earnings of $0.65 per share and revenue of $32.32 billion, exceeding consensus estimates. Advanced Connectivity produced a record 769,000 internet net additions, including 442,000 fiber additions and 327,000 fixed-wireless additions. AT&T third-quarter results
• Positive Sentiment: Higher outlook and shareholder returns: Management raised its 2026 adjusted EPS outlook to approximately $2.40 and continues to target strong buybacks, supporting the stock’s income and valuation appeal. Analysts at Argus reaffirmed a Buy rating with a $30 target, while JPMorgan and KeyCorp maintained Overweight ratings despite reducing their targets. AT&T raises 2026 earnings outlook
• Positive Sentiment: Lower future capital spending: AT&T plans to reduce annual capital investment to roughly $22 billion-$23 billion in 2027 and 2028 while retaining its goal of reaching more than 60 million fiber locations by 2030. The move could improve free-cash-flow generation and help fund dividends and repurchases. AT&T fiber spending strategy
• Neutral Sentiment: Technical rebound, but support remains important: Traders are watching the $20 area as potential support after a roughly 13% monthly decline. The latest increase may reflect bargain hunting rather than a confirmed trend reversal. AT&T technical analysis
• Negative Sentiment: Debt and impairment concerns overshadowed the earnings beat: Net debt rose following the EchoStar spectrum transaction, with management not expecting leverage to return to its target range until 2029. A $2.6 billion Mexico-related impairment also weakened reported profit, raising concerns about balance-sheet flexibility and interest costs. AT&T debt and spending analysis
• Negative Sentiment: Starlink competition is an overhang: Investors fear SpaceX’s Starlink Mobile could pressure AT&T’s wireless subscriber growth, pricing and customer-acquisition costs, even though CEO John Stankey has downplayed the threat. Introductory fiber offers are also weighing on pricing. AT&T and SpaceX competition

AT&T Company Profile

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.