AT&T’s (T) “Hold” Rating Reaffirmed at TD Cowen

AT&T (NYSE:T)‘s stock had its “hold” rating reaffirmed by TD Cowen in a research note issued to investors on Thursday, Benzinga reports. They currently have a $33.00 price objective on the technology company’s stock. TD Cowen‘s target price would suggest a potential upside of 45.98% from the company’s current price.

Other research analysts have also recently issued reports about the company. Barclays reduced their price target on AT&T from $24.00 to $21.00 and set an “equal weight” rating for the company in a research report on Thursday. The Goldman Sachs Group set a $27.00 price objective on AT&T in a research report on Wednesday. Sanford C. Bernstein cut AT&T from an “outperform” rating to a “market perform” rating and set a $24.00 price objective for the company. in a research report on Tuesday, October 13th. Wells Fargo & Company raised their price objective on AT&T from $18.00 to $20.00 and gave the company an “underweight” rating in a research report on Thursday, July 23rd. Finally, Wolfe Research raised AT&T from a “peer perform” rating to an “outperform” rating and set a $29.00 price objective for the company in a research report on Thursday, July 23rd. Twelve research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $28.70.

AT&T Stock Up 3.2%

Shares of T stock traded up $0.70 on Thursday, hitting $22.61. 23,901,951 shares of the stock were exchanged, compared to its average volume of 48,521,141. 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 firm has a market capitalization of $154.91 billion, a P/E ratio of 7.49, a price-to-earnings-growth ratio of 1.14 and a beta of 0.25. The business has a 50-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 posted its quarterly earnings data on Wednesday, October 21st. The technology company reported $0.65 earnings per share 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 analysts’ expectations of $31.69 billion. AT&T had a return on equity of 12.86% and a net margin of 16.94%. AT&T’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.54 earnings per share. Equities analysts anticipate that AT&T will post 2.33 EPS for the current year.

Hedge Funds Weigh In On AT&T

A number of large investors have recently made changes to their positions in T. IFM Investors Pty Ltd increased its holdings in shares of AT&T by 5.3% in the first quarter. IFM Investors Pty Ltd now owns 1,488,172 shares of the technology company’s stock worth $43,142,000 after purchasing an additional 74,684 shares during the period. Parr Mcknight Wealth Management Group LLC bought a new position in shares of AT&T in the first quarter worth $2,901,000. Sound Income Strategies LLC increased its holdings in shares of AT&T by 19.8% in the third quarter. Sound Income Strategies LLC now owns 754,818 shares of the technology company’s stock worth $18,772,000 after purchasing an additional 124,997 shares during the period. Orographic Financial Advisors LLC bought a new position in shares of AT&T in the first quarter worth $3,449,000. Finally, B.A. Schrock Wealth Management Inc. bought a new position in shares of AT&T in the third quarter worth $1,583,000. 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.