AT&T (NYSE:T) Stock Rating Reaffirmed as Hold by TD Cowen

AT&T (NYSE:T)‘s stock had its “hold” rating reaffirmed by research analysts at TD Cowen in a research note issued on Thursday, Benzinga reports. They presently have a $33.00 price target on the technology company’s stock. TD Cowen‘s target price indicates a potential upside of 47.51% from the stock’s previous close.

A number of other analysts have also recently weighed in on T. Wells Fargo & Company raised their price target on AT&T from $18.00 to $20.00 and gave the company an “underweight” rating in a research note on Thursday, July 23rd. Weiss Ratings upgraded AT&T from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, August 3rd. Sanford C. Bernstein cut AT&T from an “outperform” rating to a “market perform” rating and set a $24.00 price target on the stock. in a research note on Tuesday, October 13th. Scotiabank cut their price target on AT&T from $27.50 to $26.50 and set a “sector perform” rating on the stock in a research note on Friday, October 9th. Finally, The Goldman Sachs Group set a $27.00 price target on AT&T in a research note on Wednesday. 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 stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $28.70.

AT&T Trading Up 2.1%

Shares of NYSE T traded up $0.46 during midday trading on Thursday, reaching $22.37. 15,670,921 shares of the stock were exchanged, compared to its average volume of 48,466,395. The company has a 50 day simple moving average of $24.90 and a 200 day simple moving average of $24.29. The stock has a market capitalization of $153.29 billion, a P/E ratio of 7.41, a PEG ratio of 1.14 and a beta of 0.25. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.93 and a current ratio of 0.97. AT&T has a twelve month low of $19.89 and a twelve month high of $29.43.

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

Institutional Investors Weigh In On AT&T

A number of institutional investors and hedge funds have recently made changes to their positions in T. Fairway Wealth LLC purchased a new position in shares of AT&T during the first quarter worth about $29,000. Robinswood Financial LLC purchased a new position in shares of AT&T during the first quarter worth about $29,000. Orion Capital Management LLC purchased a new position in shares of AT&T during the second quarter worth about $26,000. Addison Advisors LLC purchased a new position in shares of AT&T during the second quarter worth about $27,000. Finally, North Point Portfolio Managers Corp OH purchased a new position in shares of AT&T during the third quarter worth about $34,000. 57.10% of the stock is owned by hedge funds and other institutional investors.

Key AT&T News

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.