AT&T’s (T) Buy Rating Reiterated at Argus

AT&T (NYSE:T)‘s stock had its “buy” rating reaffirmed by investment analysts at Argus in a note issued to investors on Thursday, Benzinga reports. They presently have a $30.00 price target on the technology company’s stock. Argus‘s price objective would indicate a potential upside of 32.50% from the company’s previous close.

Several other research firms have also recently commented on T. Weiss Ratings upgraded shares of AT&T from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, August 3rd. BNP Paribas Exane upgraded shares of AT&T from a “neutral” rating to an “outperform” rating and upped their price objective for the company from $26.00 to $30.00 in a research note on Monday, September 21st. Royal Bank Of Canada cut their target price on shares of AT&T from $31.00 to $27.00 and set an “outperform” rating for the company in a research report on Monday, July 20th. Sanford C. Bernstein lowered shares of AT&T from an “outperform” rating to a “market perform” rating and set a $24.00 target price for the company. in a research note on Tuesday, October 13th. Finally, The Goldman Sachs Group set a $27.00 price target on shares of AT&T in a report on Wednesday. Twelve research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $28.55.

AT&T Trading Up 3.3%

T stock traded up $0.73 during mid-day trading on Thursday, reaching $22.64. 29,282,945 shares of the stock traded hands, compared to its average volume of 48,544,258. AT&T has a 52-week low of $19.89 and a 52-week high of $29.43. The stock’s fifty day moving average is $24.90 and its 200-day moving average is $24.29. The company has a market cap of $155.15 billion, a P/E ratio of 7.50, 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 (NYSE:T) last issued its earnings results on Wednesday, October 21st. The technology company reported $0.65 EPS for the quarter, topping the consensus estimate of $0.60 by $0.05. AT&T had a return on equity of 12.86% and a net margin of 16.94%. The business had revenue of $32.32 billion during the quarter, compared to analysts’ expectations of $31.69 billion. During the same quarter last year, the firm posted $0.54 earnings per share. AT&T’s revenue was up 5.2% compared to the same quarter last year. As a group, sell-side analysts expect that AT&T will post 2.33 earnings per share for the current year.

Institutional Investors Weigh In On AT&T

Hedge funds and other institutional investors have recently made changes to their positions in the business. Bar Harbor Wealth Management grew its position in AT&T by 1.1% during the first quarter. Bar Harbor Wealth Management now owns 35,102 shares of the technology company’s stock worth $1,018,000 after buying an additional 386 shares in the last quarter. Hibernia Wealth Partners LLC boosted its holdings in AT&T by 4.5% during the first quarter. Hibernia Wealth Partners LLC now owns 9,105 shares of the technology company’s stock valued at $264,000 after purchasing an additional 392 shares in the last quarter. M.E. Allison & CO. Inc. boosted its holdings in AT&T by 0.5% during the second quarter. M.E. Allison & CO. Inc. now owns 76,978 shares of the technology company’s stock valued at $1,593,000 after purchasing an additional 397 shares in the last quarter. Accredited Investors Inc. boosted its holdings in AT&T by 3.5% during the first quarter. Accredited Investors Inc. now owns 11,901 shares of the technology company’s stock valued at $345,000 after purchasing an additional 400 shares in the last quarter. Finally, Nicholas Hoffman & Company LLC. boosted its holdings in AT&T by 0.4% during the first quarter. Nicholas Hoffman & Company LLC. now owns 97,209 shares of the technology company’s stock valued at $2,818,000 after purchasing an additional 402 shares in the last quarter. 57.10% of the stock is owned by institutional investors and hedge funds.

Trending Headlines about AT&T

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

• Positive Sentiment: Strong Q3 performance and higher outlook: AT&T reported adjusted EPS of $0.65, above the roughly $0.60–$0.61 consensus, while revenue rose about 5.3% year over year to $32.32 billion. Management raised its 2026 adjusted EPS outlook to approximately $2.40. AT&T Q3 results
• Positive Sentiment: Fiber and wireless momentum: AT&T added a record 769,000 Advanced Connectivity internet customers, including 442,000 fiber additions, along with 379,000 postpaid phone subscribers. Advanced Connectivity revenue increased 6.1%, and the company added more than 1 million such customers for a second consecutive quarter.
• Positive Sentiment: Capital returns and valuation support: AT&T plans roughly $10 billion in 2026 share repurchases and offers an attractive dividend yield. Argus reaffirmed its “buy” rating with a $30 target, while JPMorgan and KeyCorp maintained bullish ratings despite reducing their targets. Fiber growth and leverage analysis
• Neutral Sentiment: Lower future investment: AT&T plans to reduce annual capital spending by about $1 billion in 2027–2028 to $22 billion–$23 billion while retaining its goal of reaching more than 60 million fiber locations by 2030. The move could improve free cash flow, but introductory pricing is weighing on fiber revenue per customer.
• Negative Sentiment: Debt concerns overshadowed the earnings beat: Total debt reached $159.6 billion and net debt $149.8 billion after the EchoStar spectrum transaction. Management now expects to return to its approximately 2.5x net-debt-to-adjusted-EBITDA target in 2029, suggesting slower deleveraging and higher interest-cost risk.
• Negative Sentiment: Competitive and accounting headwinds: Investors are concerned that SpaceX’s Starlink Mobile could increase customer incentives and spending. A $2.6 billion non-cash impairment tied to the Mexico wireless business, legacy-business declines and margin pressure also weakened the market reaction.

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.