AT&T (NYSE:T) Earns Buy Rating from Argus

AT&T (NYSE:T)‘s stock had its “buy” rating restated by stock analysts at Argus in a research report issued to clients and investors on Thursday, Benzinga reports. They presently have a $30.00 price target on the technology company’s stock. Argus‘s price objective indicates a potential upside of 32.66% from the company’s previous close.

A number of other equities analysts have also weighed in on the company. BNP Paribas Exane raised AT&T from a “neutral” rating to an “outperform” rating and boosted their price objective for the stock from $26.00 to $30.00 in a research note on Monday, September 21st. TD Cowen reissued a “hold” rating and set a $33.00 price objective on shares of AT&T in a research note on Thursday. Weiss Ratings raised AT&T from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, August 3rd. JPMorgan Chase & Co. lowered their price objective on AT&T from $33.00 to $31.00 and set an “overweight” rating on the stock in a research note on Thursday. Finally, Wells Fargo & Company boosted 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. Twelve research 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. According to MarketBeat, AT&T has an average rating of “Moderate Buy” and an average price target of $28.70.

AT&T Price Performance

T stock traded up $0.71 during midday trading on Thursday, reaching $22.62. The stock had a trading volume of 23,901,951 shares, compared to its average volume of 48,521,141. The company’s fifty day simple moving average is $24.90 and its 200 day simple moving average is $24.29. The company has a current ratio of 0.97, a quick ratio of 0.93 and a debt-to-equity ratio of 1.06. The company has a market cap of $154.97 billion, a price-to-earnings ratio of 7.49, a price-to-earnings-growth ratio of 1.14 and a beta of 0.25. AT&T has a 52-week low of $19.89 and a 52-week high of $29.43.

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

Hedge Funds Weigh In On AT&T

Several large investors have recently modified their holdings of T. State Street Corp raised its holdings in AT&T by 5.8% in the 2nd quarter. State Street Corp now owns 334,273,613 shares of the technology company’s stock valued at $6,919,464,000 after buying an additional 18,468,679 shares during the period. Bank of America Corp DE boosted its stake in AT&T by 4.6% during the first quarter. Bank of America Corp DE now owns 125,191,700 shares of the technology company’s stock worth $3,629,307,000 after buying an additional 5,449,222 shares during the period. Bank of New York Mellon Corp boosted its stake in AT&T by 3.5% during the second quarter. Bank of New York Mellon Corp now owns 75,323,574 shares of the technology company’s stock worth $1,559,198,000 after buying an additional 2,559,065 shares during the period. GQG Partners LLC purchased a new position in AT&T during the second quarter worth about $1,223,364,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in AT&T by 2.5% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 55,616,152 shares of the technology company’s stock worth $1,151,254,000 after buying an additional 1,336,556 shares during the period. Institutional investors and hedge funds own 57.10% of the company’s stock.

AT&T News Roundup

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

• Positive Sentiment: Q3 results exceeded expectations: AT&T reported adjusted earnings of $0.65 per share and revenue of $32.32 billion, ahead of consensus estimates. Revenue increased approximately 5.2% year over year, supported by record Advanced Connectivity additions. AT&T Q3 Earnings and Revenues Top Estimates
• Positive Sentiment: Growth and outlook improved: AT&T added 769,000 internet customers—including 442,000 fiber additions—and 379,000 postpaid phone subscribers. Management raised its 2026 adjusted EPS outlook to approximately $2.40 and highlighted strong demand for bundled fiber, wireless and other connectivity services. AT&T Third-Quarter Results
• Positive Sentiment: Analyst support remains constructive: Argus reaffirmed its “buy” rating with a $30 target, while JPMorgan and KeyCorp maintained “overweight” ratings despite reducing their targets to $31 and $33, respectively. These targets imply substantial potential upside from recent trading levels.
• Positive Sentiment: Capital returns and efficiency: AT&T plans to repurchase approximately $10 billion of shares in 2026 and is trimming annual capital spending by about $1 billion in 2027–28 while retaining its goal of reaching more than 60 million fiber locations by 2030. AT&T Fiber Spending and Pricing Strategy
• Neutral Sentiment: Fiber economics require monitoring: Introductory promotions are pressuring fiber pricing, although lower planned spending could improve cash-flow efficiency and AT&T remains committed to long-term network expansion.
• Negative Sentiment: Debt and competition remain concerns: Net debt increased after the EchoStar spectrum transaction, with management now expecting to return to its 2.5-times net-debt-to-EBITDA target in 2029. Investors also remain cautious about Starlink Mobile competition and customer-incentive spending. A $2.6 billion non-cash Mexico impairment further clouded the quarter.

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.