AT&T (NYSE:T) Given “Hold” Rating at TD Cowen

AT&T (NYSE:T)‘s stock had its “hold” rating restated by equities researchers at TD Cowen in a report issued on Thursday, Benzinga reports. They presently have a $33.00 price objective on the technology company’s stock. TD Cowen‘s price objective would suggest a potential upside of 45.66% from the company’s current price.

Other equities research analysts have also issued research reports about the stock. BNP Paribas Exane raised shares of AT&T from a “neutral” rating to an “outperform” rating and raised their price target for the stock from $26.00 to $30.00 in a report on Monday, September 21st. Argus cut their price target on shares of AT&T from $33.00 to $30.00 and set a “buy” rating on the stock in a report on Thursday, July 23rd. Sanford C. Bernstein lowered shares of AT&T from an “outperform” rating to a “market perform” rating and set a $24.00 price target on the stock. in a report on Tuesday, October 13th. Weiss Ratings raised shares of AT&T from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, August 3rd. Finally, The Goldman Sachs Group set a $27.00 price target on shares of AT&T in a report on Wednesday. Twelve investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $28.55.

AT&T Trading Up 3.4%

AT&T stock traded up $0.75 during trading hours on Thursday, reaching $22.66. The stock had a trading volume of 26,741,644 shares, compared to its average volume of 48,539,480. The stock has a market cap of $155.24 billion, a PE ratio of 7.49, a PEG ratio of 1.14 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 debt-to-equity ratio of 1.06, a current ratio of 0.97 and a quick ratio of 0.93. The company has a fifty day simple moving average of $24.90 and a 200-day simple moving average of $24.29.

AT&T (NYSE:T) last announced its quarterly earnings results on Wednesday, October 21st. The technology company reported $0.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.60 by $0.05. The business had revenue of $32.32 billion for the quarter, compared to analyst estimates of $31.69 billion. AT&T had a net margin of 16.94% and a return on equity of 12.86%. The company’s revenue was up 5.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.54 EPS. Analysts forecast that AT&T will post 2.33 EPS for the current fiscal year.

Institutional Investors Weigh In On AT&T

A number of large investors have recently modified their holdings of T. Orion Capital Management LLC bought a new stake in shares of AT&T during the 2nd quarter valued at about $26,000. Addison Advisors LLC bought a new stake in shares of AT&T during the 2nd quarter valued at about $27,000. Fairway Wealth LLC bought a new stake in shares of AT&T during the 1st quarter valued at about $29,000. Robinswood Financial LLC bought a new stake in shares of AT&T during the 1st quarter valued at about $29,000. Finally, Matrix Trust Co boosted its stake in shares of AT&T by 331.8% during the 2nd quarter. Matrix Trust Co now owns 1,494 shares of the technology company’s stock valued at $31,000 after purchasing an additional 1,148 shares in the last quarter. Institutional investors own 57.10% of the company’s stock.

Key Stories Impacting 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.

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.