AT&T (NYSE:T) Stock Rating Upgraded by BNP Paribas Exane

AT&T (NYSE:T) was upgraded by equities research analysts at BNP Paribas Exane from a “neutral” rating to an “outperform” rating in a research note issued on Monday, MarketBeat.com reports. The brokerage presently has a $30.00 price target on the technology company’s stock, up from their prior price target of $26.00. BNP Paribas Exane’s price target would suggest a potential upside of 19.33% from the company’s previous close.

Several other equities analysts have also recently issued reports on T. Weiss Ratings raised shares of AT&T from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, August 3rd. Argus dropped their price target on AT&T from $33.00 to $30.00 and set a “buy” rating on the stock in a report on Thursday, July 23rd. TD Cowen increased their price objective on AT&T from $32.00 to $33.00 and gave the company a “hold” rating in a research report on Thursday, July 23rd. Wells Fargo & Company boosted their target price on AT&T from $18.00 to $20.00 and gave the stock an “underweight” rating in a research report on Thursday, July 23rd. Finally, Oppenheimer cut AT&T from an “outperform” rating to a “market perform” rating in a research note on Wednesday, June 3rd. Twelve research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $29.20.

AT&T Trading Down 1.2%

NYSE:T opened at $25.14 on Monday. AT&T has a 1 year low of $19.89 and a 1 year high of $29.43. The stock has a market cap of $172.28 billion, a price-to-earnings ratio of 8.32, a PEG ratio of 1.27 and a beta of 0.25. The business has a fifty day moving average of $24.63 and a 200-day moving average of $24.92. 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 (NYSE:T) last posted its quarterly earnings data on Wednesday, July 22nd. The technology company reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.06. AT&T had a net margin of 16.94% and a return on equity of 12.86%. The business had revenue of $31.56 billion during the quarter, compared to analysts’ expectations of $31.80 billion. During the same period last year, the firm posted $0.54 earnings per share. The business’s revenue was up 2.3% on a year-over-year basis. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. Equities analysts predict that AT&T will post 2.33 earnings per share for the current year.

Institutional Investors Weigh In On AT&T

A number of large investors have recently added to or reduced their stakes in the stock. State Street Corp boosted its holdings in AT&T by 5.8% during the second quarter. State Street Corp now owns 334,273,613 shares of the technology company’s stock valued at $6,919,464,000 after acquiring an additional 18,468,679 shares during the period. Bank of America Corp DE lifted its position in shares of AT&T by 4.6% in the 1st quarter. Bank of America Corp DE now owns 125,191,700 shares of the technology company’s stock worth $3,629,307,000 after acquiring an additional 5,449,222 shares during the period. Norges Bank acquired a new stake in shares of AT&T during the 4th quarter worth approximately $2,181,977,000. Bank of New York Mellon Corp lifted its position in AT&T by 3.5% in the second quarter. Bank of New York Mellon Corp now owns 75,323,574 shares of the technology company’s stock worth $1,559,198,000 after purchasing an additional 2,559,065 shares during the period. Finally, GQG Partners LLC acquired a new stake in AT&T during the second quarter worth $1,223,364,000. 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: BNP Paribas Exane upgraded AT&T to “outperform” from “neutral” and raised its price target to $30 from $26. The analyst said investors have “little to quibble with” on AT&T’s wireless business, supporting the view that improving mobile performance could drive further upside. AT&T Upgraded by BNP Paribas Exane to Outperform Rating
• Positive Sentiment: Erste Group Bank modestly raised its FY2027 EPS forecast for AT&T to $2.56 from $2.55. Although the increase was small, the new estimate remains above the broader current-year consensus of $2.34, indicating steady expectations for earnings growth. Erste Group Bank raises AT&T earnings estimate
• Positive Sentiment: AT&T expanded its technology partnership with the Dallas Cowboys through new artificial-intelligence, connectivity and immersive technology offerings at AT&T Stadium. The initiative could strengthen AT&T’s brand and showcase its business and consumer technology, though the direct financial impact is likely to develop gradually. AT&T technology offerings with the Dallas Cowboys
• Neutral Sentiment: AT&T CFO Pascal Desroches was appointed to GE HealthCare’s board, effective January 4, 2027. The appointment highlights his finance and governance credentials but is not expected to materially affect AT&T’s near-term operations or earnings. GE HealthCare appoints Pascal Desroches to its board
• Negative Sentiment: AT&T’s shares finished the session lower despite the positive research coverage. No company-specific negative catalyst was reported, suggesting the move may reflect profit-taking, broader market factors or investor caution after the recent rally.

AT&T Company Profile

AT&T Inc (NYSE:T) is a telecommunications company that provides wireless communications, broadband internet, voice, and related connectivity services. Its offerings include mobile phone and data plans, fiber-optic internet, fixed wireless access, traditional voice services, and networking solutions for businesses and government customers.

The company serves consumers, businesses, and public-sector organizations primarily across the United States. AT&T also provides wireless services in Mexico and operates extensive communications networks that support mobile connectivity, internet access, data transmission, and enterprise communications.

AT&T traces its history to the development of the Bell System and has evolved through a series of reorganizations and acquisitions.