Argus Reaffirms “Buy” Rating for AT&T (NYSE:T)

AT&T (NYSE:T)‘s stock had its “buy” rating reaffirmed by investment analysts at Argus in a research note issued to investors on Thursday, Benzinga reports. They currently have a $30.00 target price on the technology company’s stock. Argus‘s price target would indicate a potential upside of 32.01% from the company’s previous close.

A number of other equities analysts have also recently commented on T. Royal Bank Of Canada decreased their target price on AT&T from $31.00 to $27.00 and set an “outperform” rating on the stock in a report on Monday, July 20th. Barclays cut their price target on AT&T from $24.00 to $21.00 and set an “equal weight” rating for the company in a report on Thursday. Morgan Stanley reduced their price target on AT&T from $28.00 to $25.00 and set an “overweight” rating for the company in a research report on Thursday. Sanford C. Bernstein downgraded AT&T from an “outperform” rating to a “market perform” rating and set a $24.00 price objective on the stock. in a research note on Tuesday, October 13th. Finally, Scotiabank lowered their price objective on AT&T from $27.50 to $26.50 and set a “sector perform” rating on the stock in a research report on Friday, October 9th. Twelve research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $28.55.

AT&T Stock Performance

Shares of T traded up $0.82 on Thursday, reaching $22.73. The company’s stock had a trading volume of 53,578,077 shares, compared to its average volume of 48,675,328. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.97 and a quick ratio of 0.93. The stock has a market capitalization of $155.72 billion, a P/E ratio of 7.52, a PEG ratio of 1.14 and a beta of 0.25. The stock’s 50 day simple moving average is $24.90 and its two-hundred day simple moving average is $24.29. AT&T has a 12-month low of $19.89 and a 12-month high of $29.43.

AT&T (NYSE:T) last announced its earnings results on Wednesday, October 21st. The technology company reported $0.65 EPS for the quarter, beating analysts’ consensus estimates of $0.60 by $0.05. AT&T had a net margin of 16.94% and a return on equity of 12.86%. The business had revenue of $32.32 billion during the quarter, compared to analysts’ expectations of $31.69 billion. During the same period in the prior year, the company earned $0.54 earnings per share. The firm’s revenue was up 5.2% on a year-over-year basis. Research analysts forecast that AT&T will post 2.33 earnings per share for the current fiscal year.

Institutional Investors Weigh In On AT&T

A number of institutional investors have recently bought and sold shares of the business. Fairway Wealth LLC bought a new position in shares of AT&T in the first quarter worth about $29,000. Robinswood Financial LLC bought a new stake in AT&T during the 1st quarter valued at approximately $29,000. Orion Capital Management LLC bought a new stake in AT&T during the 2nd quarter valued at approximately $26,000. Addison Advisors LLC bought a new stake in AT&T during the 2nd quarter valued at approximately $27,000. Finally, North Point Portfolio Managers Corp OH purchased a new position in AT&T in the 3rd quarter worth approximately $34,000. Hedge funds and other institutional investors own 57.10% of the company’s stock.

More AT&T News

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

• Positive Sentiment: Q3 results exceeded expectations: Adjusted earnings reached $0.65 per share versus roughly $0.60 expected, while revenue rose 5.2% to $32.32 billion, ahead of consensus. AT&T earnings report
• Positive Sentiment: Fiber and wireless momentum remains strong: AT&T added a record 769,000 Advanced Connectivity internet customers, including 442,000 fiber additions, along with 379,000 postpaid phone subscribers. The company also added approximately 350,000 high-value converged relationships. AT&T third-quarter results
• Positive Sentiment: Profit outlook was raised: Management now expects approximately $2.40 in 2026 adjusted EPS and plans about $10 billion in 2026 share repurchases. Lower projected annual capital investment of $22 billion to $23 billion in 2027–2028 could support free cash flow. AT&T raises earnings outlook
• Positive Sentiment: Analysts remain constructive: Argus reaffirmed a Buy rating with a $30 price target, while JPMorgan and KeyCorp maintained Overweight ratings despite reducing their targets.

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.