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

AT&T (NYSE:T)‘s stock had its “buy” rating reissued by research analysts at Argus in a report released on Thursday, Benzinga reports. They presently have a $30.00 price target on the technology company’s stock. Argus‘s price target indicates a potential upside of 32.42% from the stock’s current price.

A number of other equities research analysts have also recently commented on T. TD Cowen reaffirmed a “hold” rating and issued a $33.00 price target on shares of AT&T in a report on Thursday. Royal Bank Of Canada decreased their price target on shares of AT&T from $31.00 to $27.00 and set an “outperform” rating for the company in a research note on Monday, July 20th. Weiss Ratings raised shares of AT&T from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, August 3rd. KeyCorp dropped their target price on shares of AT&T from $36.00 to $33.00 and set an “overweight” rating on the stock in a report on Thursday. Finally, Morgan Stanley lowered their target price on shares of AT&T from $28.00 to $25.00 and set an “overweight” rating on the stock in a research note on Thursday. Twelve analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, AT&T presently has an average rating of “Moderate Buy” and a consensus price target of $28.55.

AT&T Trading Up 3.4%

NYSE:T traded up $0.75 during trading hours on Thursday, hitting $22.66. 26,741,644 shares of the company were exchanged, compared to its average volume of 48,539,480. The company has a fifty day simple moving average of $24.90 and a 200 day simple moving average of $24.29. AT&T has a one year low of $19.89 and a one year high of $29.43. The company has a current ratio of 0.97, a quick ratio of 0.93 and a debt-to-equity ratio of 1.06. The stock has a market capitalization of $155.24 billion, a price-to-earnings ratio of 7.49, a price-to-earnings-growth ratio of 1.14 and a beta of 0.25.

AT&T (NYSE:T) last issued 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 company had revenue of $32.32 billion during 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 firm’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same period last year, the business posted $0.54 EPS. Sell-side analysts expect that AT&T will post 2.33 EPS for the current fiscal year.

Institutional Trading of AT&T

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. State Street Corp grew its stake 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 valued at $6,919,464,000 after acquiring an additional 18,468,679 shares in the last quarter. Bank of America Corp DE grew its position in shares of AT&T by 4.6% in the 1st quarter. Bank of America Corp DE now owns 125,191,700 shares of the technology company’s stock valued at $3,629,307,000 after buying an additional 5,449,222 shares during the last quarter. Bank of New York Mellon Corp grew its position in AT&T by 3.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 75,323,574 shares of the technology company’s stock worth $1,559,198,000 after purchasing an additional 2,559,065 shares during the last quarter. GQG Partners LLC purchased a new stake in shares of AT&T in the second quarter valued at about $1,223,364,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of AT&T by 2.5% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 55,616,152 shares of the technology company’s stock valued at $1,151,254,000 after purchasing an additional 1,336,556 shares during the period. Institutional investors and hedge funds 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.