AT&T Inc. (NYSE:T – Free Report) – Analysts at Erste Group Bank boosted their FY2026 earnings per share (EPS) estimates for shares of AT&T in a research report issued on Wednesday, October 21st. Erste Group Bank analyst H. Engel now forecasts that the technology company will post earnings of $2.35 per share for the year, up from their previous estimate of $2.34. The consensus estimate for AT&T’s current full-year earnings is $2.39 per share.
Other equities research analysts have also recently issued research reports about the stock. Wolfe Research raised shares of AT&T from a “peer perform” rating to an “outperform” rating and set a $29.00 price objective on the stock in a research note on Thursday, July 23rd. Wells Fargo & Company boosted their target price on shares of AT&T from $18.00 to $20.00 and gave the company an “underweight” rating in a research note on Thursday, July 23rd. The Goldman Sachs Group set a $27.00 price target on shares of AT&T in a research report on Wednesday. Royal Bank Of Canada cut their price objective 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. Finally, Argus reiterated a “buy” rating and issued a $30.00 price objective on shares of AT&T in a research report on Thursday. Twelve investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $28.55.
AT&T Stock Performance
Shares of T stock opened at $22.73 on Friday. AT&T has a 52-week low of $19.89 and a 52-week high of $29.43. The company has a quick ratio of 0.93, a current ratio of 0.87 and a debt-to-equity ratio of 1.22. The stock has a market cap of $155.72 billion, a PE ratio of 7.52, a price-to-earnings-growth ratio of 1.04 and a beta of 0.25. The business has a 50-day simple moving average of $24.86 and a 200-day simple moving average of $24.25.
AT&T (NYSE:T – Get Free Report) last announced its quarterly earnings data 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 business had revenue of $32.32 billion during the quarter, compared to analysts’ expectations of $31.69 billion. AT&T had a net margin of 10.19% and a return on equity of 13.41%. The business’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.54 EPS.
AT&T Dividend Announcement
The business 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 $0.2775 dividend. 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 4.9%. AT&T’s dividend payout ratio (DPR) is currently 36.75%.
Hedge Funds Weigh In On AT&T
Hedge funds and other institutional investors have recently made changes to their positions in the company. Fairway Wealth LLC purchased a new stake in shares of AT&T during the first quarter worth approximately $29,000. Robinswood Financial LLC acquired a new stake in shares of AT&T in the first quarter valued at about $29,000. Orion Capital Management LLC purchased a new position in shares of AT&T in the second quarter worth about $26,000. Addison Advisors LLC purchased a new position in shares of AT&T in the second quarter worth about $27,000. Finally, North Point Portfolio Managers Corp OH acquired a new position in AT&T during the third quarter worth about $34,000. Hedge funds and other institutional investors own 57.10% of the company’s stock.
Trending Headlines about AT&T
Here are the key news stories impacting AT&T this week:
- Positive Sentiment: AT&T exceeded third-quarter expectations, reporting adjusted earnings of $0.65 per share and revenue of $32.32 billion. Management also raised its 2026 adjusted EPS outlook to approximately $2.40. AT&T Q3 earnings report
- Positive Sentiment: Fiber and wireless demand remained strong, with AT&T adding a record 769,000 internet customers and more than 1 million advanced-connectivity subscribers for a second consecutive quarter. The company expects continued double-digit adjusted earnings growth through 2028. AT&T raises 2026 earnings outlook
- Positive Sentiment: Analysts at Argus, JPMorgan and KeyCorp continue to see meaningful upside, with buy or overweight ratings and price targets ranging from $30 to $33, while AT&T plans substantial share repurchases. Argus rating
- Neutral Sentiment: AT&T plans to reduce annual capital spending by roughly $1 billion in 2027–2028 while retaining its 2030 fiber target. The move should support cash flow, but promotional pricing is pressuring fiber revenue quality and margins. AT&T fiber spending strategy
- Negative Sentiment: Investors focused on AT&T’s balance sheet: total debt reached $159.6 billion, net debt was $149.8 billion, and management now expects to return to its 2.5-times net-debt-to-EBITDA target only in 2029. A $2.6 billion Mexico-related impairment also weighed on reported results. AT&T debt and impairment analysis
- Negative Sentiment: Potential competition from SpaceX’s Starlink Mobile service is raising concerns about wireless subscriber growth, customer incentives and future spending. AT&T’s postpaid phone additions were viewed as less impressive despite remaining positive. AT&T and SpaceX competition
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.
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