AT&T (NYSE:T) Stock Keeps Hold Rating at TD Cowen

AT&T (NYSE:T)‘s stock had its “hold” rating reiterated by TD Cowen in a research note issued to investors on Thursday, Benzinga reports. They currently have a $33.00 price target on the technology company’s stock. TD Cowen‘s price objective suggests a potential upside of 46.39% from the company’s current price.

Other equities research analysts have also issued reports about the company. Morgan Stanley restated an “overweight” rating on shares of AT&T in a research note on Thursday. Argus dropped their price target on AT&T from $33.00 to $30.00 and set a “buy” rating for the company in a research note on Thursday, July 23rd. Wolfe Research upgraded AT&T from a “peer perform” rating to an “outperform” rating and set a $29.00 price target for the company in a research note on Thursday, July 23rd. Scotiabank dropped their price target on AT&T from $27.50 to $26.50 and set a “sector perform” rating for the company in a research note on Friday, October 9th. Finally, Royal Bank Of Canada lowered their target price on AT&T from $31.00 to $27.00 and set an “outperform” rating for the company in a research note on Monday, July 20th. Twelve equities 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 company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $28.70.

AT&T Trading Up 2.9%

NYSE:T traded up $0.63 on Thursday, hitting $22.54. 21,082,650 shares of the stock were exchanged, compared to its average volume of 48,511,254. The stock has a market cap of $154.47 billion, a PE ratio of 7.47, a PEG ratio of 1.14 and a beta of 0.25. 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 stock has a fifty day moving average of $24.90 and a 200-day moving average of $24.29. AT&T has a fifty-two week low of $19.89 and a fifty-two week high of $29.43.

AT&T (NYSE:T) last announced its quarterly earnings results on Wednesday, October 21st. The technology company reported $0.65 EPS for the quarter, topping the consensus estimate of $0.60 by $0.05. The company had revenue of $32.32 billion during 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 was up 5.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.54 earnings per share. As a group, equities analysts expect 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 large investors have recently modified their holdings of T. Fairway Wealth LLC purchased a new position in AT&T in the first quarter valued at about $29,000. Robinswood Financial LLC purchased a new position in AT&T in the first quarter valued at about $29,000. Orion Capital Management LLC purchased a new position in AT&T in the second quarter valued at about $26,000. Addison Advisors LLC purchased a new position in AT&T in the second quarter valued at about $27,000. Finally, North Point Portfolio Managers Corp OH purchased a new position in AT&T in the third quarter valued at about $34,000. Institutional investors and hedge funds own 57.10% of the company’s stock.

AT&T News Summary

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.