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

AT&T (NYSE:T)‘s stock had its “hold” rating reiterated by equities research analysts at TD Cowen in a research note issued to investors on Thursday, Benzinga reports. They presently have a $33.00 price target on the technology company’s stock. TD Cowen‘s price objective points to a potential upside of 57.41% from the company’s previous close.

A number of other brokerages have also recently commented on T. BNP Paribas Exane raised AT&T from a “neutral” rating to an “outperform” rating and lifted their price objective for the stock from $26.00 to $30.00 in a research note on Monday, September 21st. Wells Fargo & Company lifted their price objective on AT&T from $18.00 to $20.00 and gave the stock an “underweight” rating in a research note on Thursday, July 23rd. Royal Bank Of Canada decreased their price objective on AT&T from $31.00 to $27.00 and set an “outperform” rating for the company in a research note on Monday, July 20th. Morgan Stanley decreased their price objective on AT&T from $28.00 to $25.00 and set an “overweight” rating for the company in a research note on Thursday. 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 note on Thursday, July 23rd. Twelve analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, AT&T presently has an average rating of “Moderate Buy” and a consensus target price of $28.55.

AT&T Trading Down 7.8%

Shares of T stock traded down $1.78 on Thursday, reaching $20.97. 99,657,364 shares of the stock were exchanged, compared to its average volume of 48,930,008. The stock has a market cap of $143.66 billion, a PE ratio of 6.94, a P/E/G ratio of 1.04 and a beta of 0.25. AT&T has a one year low of $19.89 and a one year high of $29.43. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.87 and a quick ratio of 0.93. The stock has a 50 day moving average price of $24.78 and a 200 day moving average price of $24.23.

AT&T (NYSE:T) last released its earnings results on Wednesday, October 21st. The technology company reported $0.65 earnings per share for the quarter, topping analysts’ consensus estimates of $0.60 by $0.05. The company had revenue of $32.32 billion during the quarter, compared to the consensus estimate of $31.69 billion. AT&T had a return on equity of 13.41% and a net margin of 10.19%. The firm’s quarterly revenue was up 5.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.54 earnings per share. Equities research analysts forecast that AT&T will post 2.39 EPS for the current fiscal year.

Institutional Investors Weigh In On AT&T

Institutional investors have recently made changes to their positions in the stock. Norris Perne & French LLP MI acquired a new position in AT&T in the third quarter valued at about $214,000. Signaturefd LLC grew its stake in AT&T by 16.4% in the third quarter. Signaturefd LLC now owns 191,349 shares of the technology company’s stock valued at $4,669,000 after acquiring an additional 26,984 shares during the period. BG Investment Services LLC acquired a new position in AT&T in the third quarter valued at about $7,621,000. Citizens Financial Group Inc. RI grew its stake in AT&T by 29.8% in the third quarter. Citizens Financial Group Inc. RI now owns 248,923 shares of the technology company’s stock valued at $6,074,000 after acquiring an additional 57,195 shares during the period. Finally, Simplicity Wealth LLC grew its stake in AT&T by 27.4% in the third quarter. Simplicity Wealth LLC now owns 124,993 shares of the technology company’s stock valued at $3,050,000 after acquiring an additional 26,891 shares during the period. 57.10% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting AT&T

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

• Positive Sentiment: AT&T reported third-quarter adjusted earnings of $0.65 per share and revenue of $32.32 billion, exceeding consensus estimates of $0.60 and $31.69 billion, respectively. Revenue increased roughly 5% year over year. AT&T Stock Sinks on Subscriber and SpaceX Worries
• Positive Sentiment: Analysts continue to see long-term value in the stock. Argus reaffirmed a Buy rating with a $30 price target, while JPMorgan maintained an Overweight rating at $31; Erste Group also modestly raised its 2026 EPS estimate to $2.35. Argus AT&T rating
• Neutral Sentiment: Citi estimates that SpaceX’s Starlink wireless service may not launch nationally until 2029 or later, but reported talks to secure access to as many as 80,000 U.S. cell sites could accelerate the competitive timeline. Starlink Is Years Away From Competing With AT&T
• Negative Sentiment: SpaceX’s potential entry as a fourth nationwide wireless carrier raised fears of greater pricing pressure, subscriber losses and higher network costs for AT&T, Verizon and T-Mobile. Tower operators benefited because SpaceX may become a major tenant, while telecom carriers sold off. AT&T Slides on SpaceX Cell-Site Talks
• Negative Sentiment: Investors also remain concerned about AT&T’s subscriber trends, elevated leverage and margin pressure. The company’s plan to reduce planned capital spending by roughly $1 billion in 2027–28 while maintaining its 2030 fiber goal may support cash flow, but introductory pricing could weigh on fiber economics. AT&T Q3 Earnings Call and Fiber Strategy

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.