AT&T (NYSE:T – Get Free Report) had its price objective lowered by stock analysts at Scotiabank from $31.00 to $29.25 in a research note issued on Wednesday,Benzinga reports. The firm currently has a “sector perform” rating on the technology company’s stock. Scotiabank’s price objective points to a potential upside of 35.62% from the stock’s current price.
A number of other analysts have also commented on T. Morgan Stanley reduced their target price on AT&T from $30.00 to $25.00 and set an “overweight” rating for the company in a report on Tuesday, July 7th. Weiss Ratings downgraded AT&T from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, May 29th. KeyCorp increased their price objective on AT&T from $30.00 to $36.00 and gave the company an “overweight” rating in a research report on Wednesday, March 25th. Oppenheimer downgraded AT&T from an “outperform” rating to a “market perform” rating in a report on Wednesday, June 3rd. Finally, BNP Paribas Exane decreased their target price on AT&T from $28.00 to $26.00 and set a “neutral” rating for the company in a research report on Thursday, April 23rd. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $29.34.
View Our Latest Stock Report on AT&T
AT&T Stock Up 1.4%
AT&T (NYSE:T – Get Free Report) last announced its quarterly earnings results on Wednesday, April 22nd. The technology company reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.55 by $0.02. AT&T had a net margin of 16.94% and a return on equity of 12.49%. The company had revenue of $31.51 billion during the quarter, compared to the consensus estimate of $31.29 billion. During the same quarter last year, the firm earned $0.51 earnings per share. The firm’s quarterly revenue was up 2.9% compared to the same quarter last year. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. As a group, analysts predict that AT&T will post 2.31 EPS for the current year.
Hedge Funds Weigh In On AT&T
Institutional investors have recently bought and sold shares of the business. Tema ETFs LLC grew its stake in shares of AT&T by 10.7% in the 2nd quarter. Tema ETFs LLC now owns 151,817 shares of the technology company’s stock worth $3,143,000 after buying an additional 14,645 shares in the last quarter. Fiduciary Financial Group LLC raised its position in shares of AT&T by 2.6% during the 2nd quarter. Fiduciary Financial Group LLC now owns 25,023 shares of the technology company’s stock valued at $518,000 after buying an additional 635 shares in the last quarter. Wasatch Advisors LP lifted its holdings in shares of AT&T by 14.7% in the 2nd quarter. Wasatch Advisors LP now owns 150,000 shares of the technology company’s stock valued at $3,105,000 after acquiring an additional 19,281 shares during the last quarter. Charles Schwab Trust Co lifted its holdings in shares of AT&T by 97.2% in the 2nd quarter. Charles Schwab Trust Co now owns 26,348 shares of the technology company’s stock valued at $545,000 after acquiring an additional 12,987 shares during the last quarter. Finally, Salvus Wealth Management LLC grew its position in AT&T by 18.0% in the second quarter. Salvus Wealth Management LLC now owns 18,075 shares of the technology company’s stock worth $374,000 after acquiring an additional 2,752 shares in the last quarter. Institutional investors own 57.10% of the company’s stock.
Key Headlines Impacting AT&T
Here are the key news stories impacting AT&T this week:
- Positive Sentiment: KeyCorp raised its earnings estimates for AT&T across several periods and kept an Overweight rating with a $36 price target, signaling confidence in the company’s earnings trajectory.
- Positive Sentiment: AT&T said it is the fastest connectivity provider, citing Ookla data showing customers with AT&T Wireless and Fiber experience the fastest converged speeds in the U.S., which could support its competitive positioning. Article: AT&T is the Fastest Connectivity Provider
- Neutral Sentiment: AT&T is getting attention for its move away from copper landlines in Nevada and California, reflecting the ongoing shift away from legacy wireline infrastructure. Article: AT&T copper landlines expected to be out of Nevada by 2030
- Negative Sentiment: AT&T phone bills are expected to rise in early August due to a higher monthly fee, which could weigh on customer sentiment and churn risk. Article: AT&T phone bills are going up. See why, and by how much
- Negative Sentiment: Bernstein cut price targets for AT&T and other telecom names after factoring in Starlink’s growing competitive threat, adding to broader sector weakness. Article: SpaceX’s Starlink threat causes Bernstein to cut Verizon, AT&T, Comcast PTs
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.
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