AT&T’s (T) “Buy” Rating Reaffirmed at Argus

AT&T (NYSE:T)‘s stock had its “buy” rating reissued by Argus in a note issued to investors on Thursday, Benzinga reports. They currently have a $30.00 price target on the technology company’s stock. Argus‘s price objective indicates a potential upside of 32.65% from the company’s current price.

Several other equities research analysts have also commented on the stock. The Goldman Sachs Group set a $27.00 price target on shares of AT&T in a report on Wednesday. Wells Fargo & Company boosted their price target on shares of AT&T from $18.00 to $20.00 and gave the stock an “underweight” rating in a report on Thursday, July 23rd. Weiss Ratings raised shares of AT&T from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, August 3rd. Scotiabank cut their price target on shares of AT&T from $27.50 to $26.50 and set a “sector perform” rating for the company in a report on Friday, October 9th. Finally, JPMorgan Chase & Co. cut their price target on shares of AT&T from $33.00 to $31.00 and set an “overweight” rating for the company in a report on Thursday. Twelve investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $28.70.

AT&T Stock Performance

Shares of NYSE:T traded up $0.71 during trading on Thursday, hitting $22.62. 22,348,018 shares of the stock traded hands, compared to its average volume of 48,515,563. 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 company has a market cap of $154.97 billion, a price-to-earnings ratio of 7.48, a P/E/G ratio of 1.14 and a beta of 0.25. The company has a fifty day moving average price of $24.90 and a two-hundred day moving average price of $24.29. AT&T has a 52-week low of $19.89 and a 52-week high of $29.43.

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

Institutional Investors Weigh In On AT&T

A number of large investors have recently modified their holdings of the business. Bar Harbor Wealth Management grew its holdings in shares of AT&T by 1.1% during the first quarter. Bar Harbor Wealth Management now owns 35,102 shares of the technology company’s stock worth $1,018,000 after buying an additional 386 shares in the last quarter. Hibernia Wealth Partners LLC grew its holdings in shares of AT&T by 4.5% during the first quarter. Hibernia Wealth Partners LLC now owns 9,105 shares of the technology company’s stock worth $264,000 after buying an additional 392 shares in the last quarter. M.E. Allison & CO. Inc. grew its holdings in shares of AT&T by 0.5% during the second quarter. M.E. Allison & CO. Inc. now owns 76,978 shares of the technology company’s stock worth $1,593,000 after buying an additional 397 shares in the last quarter. Accredited Investors Inc. grew its holdings in shares of AT&T by 3.5% during the first quarter. Accredited Investors Inc. now owns 11,901 shares of the technology company’s stock worth $345,000 after buying an additional 400 shares in the last quarter. Finally, Nicholas Hoffman & Company LLC. grew its holdings in shares of AT&T by 0.4% during the first quarter. Nicholas Hoffman & Company LLC. now owns 97,209 shares of the technology company’s stock worth $2,818,000 after buying an additional 402 shares in the last quarter. 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: 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.

About AT&T

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.