AT&T (NYSE:T) Stock Gets Price Target Trim from KeyCorp

Posted by Geri Gentry on Oct 22nd, 2026

AT&T logo AT&T (NYSE:T – Get Free Report) had its target price reduced by KeyCorp from $36.00 to $33.00 in a research note issued to investors on Thursday, Benzinga reports. The brokerage presently has an “overweight” rating on the technology company’s stock. KeyCorp’s price objective indicates a potential upside of 50.37% from the stock’s current price.

Other equities research analysts have also issued reports about the company. Weiss Ratings raised AT&T from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, August 3rd. Morgan Stanley reiterated an “overweight” rating on shares of AT&T in a research note on Thursday. BNP Paribas Exane raised shares of AT&T from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $26.00 to $30.00 in a report on Monday, September 21st. Wells Fargo & Company increased their price target on shares of AT&T from $18.00 to $20.00 and gave the company an “underweight” rating in a research report on Thursday, July 23rd. Finally, Sanford C. Bernstein lowered shares of AT&T from an “outperform” rating to a “market perform” rating and set a $24.00 price objective on the stock. in a research report on Tuesday, October 13th. Eleven investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $28.58.

Read Our Latest Analysis on AT&T

AT&T Stock Performance

T stock opened at $21.95 on Thursday. The firm has a market cap of $150.38 billion, a PE ratio of 7.27, a P/E/G ratio of 1.14 and a beta of 0.25. The company has a quick ratio of 0.93, a current ratio of 0.97 and a debt-to-equity ratio of 1.06. The business has a 50 day moving average of $24.90 and a 200-day moving average of $24.29. AT&T has a 12-month low of $19.89 and a 12-month high of $29.43.

AT&T (NYSE:T – Get Free Report) last issued its quarterly earnings results on Wednesday, October 21st. The technology company reported $0.65 EPS for the quarter, topping analysts’ consensus estimates of $0.60 by $0.05. AT&T had a return on equity of 12.86% and a net margin of 16.94%. The business had revenue of $32.32 billion for the quarter, compared to analyst estimates of $31.69 billion. During the same period last year, the company posted $0.54 earnings per share. AT&T’s quarterly revenue was up 5.2% compared to the same quarter last year. As a group, sell-side analysts expect that AT&T will post 2.33 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Orion Capital Management LLC bought a new stake in AT&T in the 2nd quarter valued at about $26,000. Addison Advisors LLC purchased a new stake in shares of AT&T during the 2nd quarter valued at approximately $27,000. Fairway Wealth LLC bought a new position in AT&T in the 1st quarter worth approximately $29,000. Robinswood Financial LLC bought a new position in AT&T in the 1st quarter worth approximately $29,000. Finally, Matrix Trust Co boosted its holdings in AT&T by 331.8% in the 2nd quarter. Matrix Trust Co now owns 1,494 shares of the technology company’s stock worth $31,000 after buying an additional 1,148 shares during the period. 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: AT&T reported adjusted earnings of $0.65 per share and revenue of $32.32 billion, exceeding analyst expectations. Revenue increased roughly 5% year over year, while the company raised its 2026 adjusted EPS outlook to approximately $2.40. AT&T Q3 Earnings and Revenues Top Estimates
Positive Sentiment: Operating momentum remained strong: AT&T added a record 769,000 internet customers, including 442,000 fiber and 327,000 fixed-wireless additions, along with 379,000 postpaid phone subscribers. Advanced Connectivity revenue rose 6.1%, and operating income increased 18.9%. AT&T Third-Quarter Results
Positive Sentiment: Management plans to return substantial capital to shareholders, including approximately $10 billion of share repurchases in 2026. It also lowered planned annual capital investment for 2027 and 2028 to $22 billion-$23 billion, potentially supporting future free cash flow. AT&T Raises 2026 Earnings Outlook
Neutral Sentiment: CEO John Stankey played down the threat from SpaceX’s Starlink Mobile service, saying low-Earth-orbit satellites could complement traditional networks in rural areas. However, investors remain concerned that Starlink competition could increase customer incentives and wireless spending. AT&T CEO Discusses Starlink
Negative Sentiment: The quarter included a $2.6 billion noncash impairment tied to AT&T’s Mexico wireless business, pressuring reported profit. Net debt reached approximately $149.8 billion after the EchoStar spectrum transaction, and management now expects to return to its 2.5-times net-debt-to-adjusted-EBITDA target in 2029, suggesting slower deleveraging than some investors expected. AT&T Slides After Earnings

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.