Barclays Lowers AT&T (NYSE:T) Price Target to $24.00

AT&T (NYSE:T) had its price target reduced by equities researchers at Barclays from $26.00 to $24.00 in a research report issued on Wednesday,Benzinga reports. The firm presently has an “equal weight” rating on the technology company’s stock. Barclays‘s target price indicates a potential upside of 14.00% from the stock’s previous close.

A number of other research firms have also issued reports on T. Wall Street Zen upgraded AT&T from a “sell” rating to a “hold” rating in a research report on Saturday, June 20th. Arete Research raised shares of AT&T from a “sell” rating to a “neutral” rating and set a $28.00 price target for the company in a report on Tuesday, March 10th. Wells Fargo & Company started coverage on shares of AT&T in a research report on Wednesday. They set an “underweight” rating and a $18.00 price target for the company. Scotiabank dropped their price objective on shares of AT&T from $31.50 to $31.00 and set a “sector perform” rating on the stock in a report on Thursday, April 23rd. Finally, Weiss Ratings downgraded shares of AT&T from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, May 29th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $29.68.

AT&T Stock Up 2.3%

Shares of NYSE:T opened at $21.05 on Wednesday. The company’s fifty day moving average is $23.66 and its two-hundred day moving average is $25.47. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.87 and a current ratio of 0.92. AT&T has a 1-year low of $19.89 and a 1-year high of $29.79. The stock has a market capitalization of $146.28 billion, a price-to-earnings ratio of 7.06, a price-to-earnings-growth ratio of 0.84 and a beta of 0.24.

AT&T (NYSE:T) last posted its quarterly earnings results on Wednesday, April 22nd. The technology company reported $0.57 EPS for the quarter, beating the consensus estimate of $0.55 by $0.02. AT&T had a net margin of 16.94% and a return on equity of 12.49%. The business had revenue of $31.51 billion during the quarter, compared to analyst estimates of $31.29 billion. During the same period in the previous year, the business posted $0.51 EPS. The company’s quarterly revenue was up 2.9% on a year-over-year basis. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. Equities analysts anticipate that AT&T will post 2.31 EPS for the current year.

Institutional Trading of AT&T

Hedge funds and other institutional investors have recently made changes to their positions in the stock. IFM Investors Pty Ltd boosted its stake in shares of AT&T by 5.3% during the 1st quarter. IFM Investors Pty Ltd now owns 1,488,172 shares of the technology company’s stock worth $43,142,000 after acquiring an additional 74,684 shares in the last quarter. Annex Advisory Services LLC raised its position in shares of AT&T by 749.1% during the fourth quarter. Annex Advisory Services LLC now owns 159,598 shares of the technology company’s stock worth $3,964,000 after purchasing an additional 140,802 shares during the period. World Investment Advisors lifted its holdings in shares of AT&T by 85.0% during the fourth quarter. World Investment Advisors now owns 338,942 shares of the technology company’s stock valued at $8,419,000 after purchasing an additional 155,728 shares during the last quarter. Cerity Partners LLC lifted its holdings in shares of AT&T by 3.7% during the fourth quarter. Cerity Partners LLC now owns 1,668,862 shares of the technology company’s stock valued at $41,449,000 after purchasing an additional 59,279 shares during the last quarter. Finally, ING Groep NV boosted its position in shares of AT&T by 120.3% in the 4th quarter. ING Groep NV now owns 2,050,310 shares of the technology company’s stock valued at $50,930,000 after purchasing an additional 1,119,731 shares during the period. 57.10% of the stock is currently owned by institutional investors.

Trending Headlines about AT&T

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

• Positive Sentiment: AT&T is being pitched as a value stock after its sharp decline, with articles arguing the shares look statistically cheap versus peers and may offer long-term upside if execution improves. Why AT&T (T) is a Top Value Stock for the Long-Term
• Positive Sentiment: Management continues to emphasize growth in fiber, wireless, and bundled offerings such as Build-A-Plan, which could support revenue and customer retention over time. Is AT&T (T) Undervalued On Its Build A Plan Expansion?
• Positive Sentiment: Analysts remain broadly constructive overall, with coverage citing a buy rating and meaningful upside implied by price targets, even after Morgan Stanley cut its target to $25 from $30. Why AT&T’s (T) California Copper Fight Matters for Legacy Network Cost Control
• Neutral Sentiment: AT&T appeared in several telecom and “watch list” articles, but those pieces were mostly sector commentary and did not add a clear near-term catalyst for the stock. Top Telecom Stocks To Watch Now – July 7th
• Neutral Sentiment: AT&T also drew attention from an Ericsson trial announcement, which reinforces its role in 5G/network innovation but is not a major immediate earnings driver. Ericsson, AT&T and MediaTek complete North America’s first in-field trial of enhanced mobility features
• Negative Sentiment: Bearish pressure remains from the steep share-price decline over recent months, with articles pointing to weak momentum, heavy debt, and high spending needs as reasons investors remain cautious. AT&T Stock Plummets 27.5% in a Year: Should You Buy in the Dip?

About AT&T

AT&T Inc is a global telecommunications company that provides a broad range of communications and digital entertainment services. Its core activities include consumer and business wireless services, broadband and fiber internet, and network infrastructure. The company operates branded wireless services through AT&T Mobility and deploys fixed-line and fiber networks to deliver high-speed internet and related home services.

AT&T’s product and service portfolio spans mobile voice and data plans, smartphones and device sales, home internet (including fiber-to-the-home where available), and managed connectivity solutions for enterprise customers.