AT&T (NYSE:T) Stock Price Down 7.8% After Analyst Downgrade

Posted by George Bondi on Oct 23rd, 2026

AT&T logo Shares of AT&T Inc. (NYSE:T – Get Free Report) fell 7.8% during trading on Friday after JPMorgan Chase & Co. lowered their price target on the stock from $33.00 to $31.00. JPMorgan Chase & Co. currently has an overweight rating on the stock. AT&T traded as low as $20.92 and last traded at $20.9650. Approximately 99,471,718 shares were traded during trading, an increase of 104% from the average session volume of 48,824,895 shares. The stock had previously closed at $22.74.

Several other research firms have also issued reports on T. Royal Bank Of Canada reduced their target price on shares of AT&T from $31.00 to $27.00 and set an “outperform” rating for the company in a report on Monday, July 20th. TD Cowen reaffirmed a “hold” rating and set a $33.00 price target on shares of AT&T in a report on Thursday. KeyCorp dropped their target price on shares of AT&T from $36.00 to $33.00 and set an “overweight” rating for the company in a report on Thursday. Wells Fargo & Company upped their price objective on AT&T from $18.00 to $20.00 and gave the stock an “underweight” rating in a research note on Thursday, July 23rd. Finally, Wolfe Research upgraded AT&T from a “peer perform” rating to an “outperform” rating and set a $29.00 target price for the company in a research report on Thursday, July 23rd. Twelve research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $28.55.

Read Our Latest Report on AT&T

AT&T News Roundup

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

Positive Sentiment: AT&T reported third-quarter revenue of $32.32 billion and adjusted earnings of $0.65 per share, exceeding analyst expectations. Strong fiber and wireless trends, along with raised 2026 guidance, support the company’s operating outlook. AT&T beats earnings and raises profit outlook
Positive Sentiment: Analysts continue to see potential upside: Argus reaffirmed a Buy rating with a $30 price target, while JPMorgan and KeyCorp maintained Overweight ratings despite lowering their targets. Erste Group also modestly increased its 2026 EPS forecast to $2.35. Argus rating
Positive Sentiment: AT&T’s valuation, free-cash-flow generation and roughly 5% dividend yield may appeal to value and income-oriented investors after the recent pullback. AT&T long-term value analysis

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in T. Bar Harbor Wealth Management grew its position in shares of AT&T by 1.1% during the first quarter. Bar Harbor Wealth Management now owns 35,102 shares of the technology company’s stock valued at $1,018,000 after purchasing an additional 386 shares in the last quarter. Hibernia Wealth Partners LLC lifted its position in shares of AT&T by 4.5% in the first quarter. Hibernia Wealth Partners LLC now owns 9,105 shares of the technology company’s stock worth $264,000 after buying an additional 392 shares in the last quarter. M.E. Allison & CO. Inc. boosted its stake 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 buying an additional 397 shares during the last quarter. Accredited Investors Inc. boosted its stake 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 buying an additional 400 shares during the last quarter. Finally, Nicholas Hoffman & Company LLC. boosted its stake 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 buying an additional 402 shares during the last quarter. Institutional investors own 57.10% of the company’s stock.

AT&T Price Performance

The firm has a market cap of $143.66 billion, a PE ratio of 6.94, a PEG ratio of 1.04 and a beta of 0.25. The firm has a fifty day simple moving average of $24.86 and a two-hundred day simple moving average of $24.25. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.93 and a current ratio of 0.87.

AT&T (NYSE:T – Get Free Report) last released its quarterly earnings data 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. AT&T had a return on equity of 13.41% and a net margin of 10.19%. The business had revenue of $32.32 billion for the quarter, compared to the consensus estimate of $31.69 billion. During the same quarter in the previous year, the company posted $0.54 EPS. The company’s revenue was up 5.2% compared to the same quarter last year. Equities analysts predict that AT&T Inc. will post 2.39 EPS for the current fiscal year.

AT&T Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 2nd. Investors of record on Monday, October 12th will be paid a dividend of $0.2775 per share. The ex-dividend date of this dividend is Friday, October 9th. This represents a $1.11 dividend on an annualized basis and a yield of 5.3%. AT&T’s dividend payout ratio is presently 36.75%.

AT&T Company Profile

(Get Free Report)

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.