AT&T (NYSE:T) Stock Rating Reaffirmed as “Buy” by Argus

AT&T (NYSE:T)‘s stock had its “buy” rating restated by investment analysts at Argus in a note issued to investors on Thursday, Benzinga reports. They presently have a $30.00 price objective on the technology company’s stock. Argus‘s price objective points to a potential upside of 31.67% from the company’s current price.

T has been the subject of a number of other research reports. Wells Fargo & Company lifted their price objective on shares of AT&T from $18.00 to $20.00 and gave the company an “underweight” rating in a research report on Thursday, July 23rd. BNP Paribas Exane raised shares of AT&T from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $26.00 to $30.00 in a research report on Monday, September 21st. TD Cowen reissued a “hold” rating and issued a $33.00 price objective on shares of AT&T in a research report on Thursday. Royal Bank Of Canada decreased their price objective on shares of AT&T from $31.00 to $27.00 and set an “outperform” rating for the company in a research report on Monday, July 20th. Finally, Barclays decreased their price objective on shares of AT&T from $24.00 to $21.00 and set an “equal weight” rating for the company in a research 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $28.55.

AT&T Stock Up 4.0%

T stock traded up $0.88 during midday trading on Thursday, hitting $22.79. The company’s stock had a trading volume of 32,678,996 shares, compared to its average volume of 48,560,762. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.97 and a quick ratio of 0.93. AT&T has a twelve month low of $19.89 and a twelve month high of $29.43. The company’s fifty day moving average price is $24.90 and its 200 day moving average price is $24.29. The stock has a market capitalization of $156.13 billion, a P/E ratio of 7.54, a PEG ratio of 1.14 and a beta of 0.25.

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

Institutional Trading of AT&T

Several hedge funds and other institutional investors have recently modified their holdings of T. IFM Investors Pty Ltd increased its holdings in AT&T by 5.3% during the first quarter. IFM Investors Pty Ltd now owns 1,488,172 shares of the technology company’s stock worth $43,142,000 after buying an additional 74,684 shares during the last quarter. Parr Mcknight Wealth Management Group LLC purchased a new stake in AT&T during the first quarter worth about $2,901,000. Sound Income Strategies LLC increased its holdings in AT&T by 19.8% during the third quarter. Sound Income Strategies LLC now owns 754,818 shares of the technology company’s stock worth $18,772,000 after buying an additional 124,997 shares during the last quarter. Orographic Financial Advisors LLC purchased a new stake in AT&T during the first quarter worth about $3,449,000. Finally, B.A. Schrock Wealth Management Inc. purchased a new stake in AT&T during the third quarter worth about $1,583,000. Institutional investors own 57.10% of the company’s stock.

AT&T News Roundup

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

• Positive Sentiment: Strong Q3 performance and higher outlook: AT&T reported adjusted EPS of $0.65, above the roughly $0.60–$0.61 consensus, while revenue rose about 5.3% year over year to $32.32 billion. Management raised its 2026 adjusted EPS outlook to approximately $2.40. AT&T Q3 results
• Positive Sentiment: Fiber and wireless momentum: AT&T added a record 769,000 Advanced Connectivity internet customers, including 442,000 fiber additions, along with 379,000 postpaid phone subscribers. Advanced Connectivity revenue increased 6.1%, and the company added more than 1 million such customers for a second consecutive quarter.
• Positive Sentiment: Capital returns and valuation support: AT&T plans roughly $10 billion in 2026 share repurchases and offers an attractive dividend yield. Argus reaffirmed its “buy” rating with a $30 target, while JPMorgan and KeyCorp maintained bullish ratings despite reducing their targets. Fiber growth and leverage analysis
• Neutral Sentiment: Lower future investment: AT&T plans to reduce annual capital spending by about $1 billion in 2027–2028 to $22 billion–$23 billion while retaining its goal of reaching more than 60 million fiber locations by 2030. The move could improve free cash flow, but introductory pricing is weighing on fiber revenue per customer.
• Negative Sentiment: Debt concerns overshadowed the earnings beat: Total debt reached $159.6 billion and net debt $149.8 billion after the EchoStar spectrum transaction. Management now expects to return to its approximately 2.5x net-debt-to-adjusted-EBITDA target in 2029, suggesting slower deleveraging and higher interest-cost risk.
• Negative Sentiment: Competitive and accounting headwinds: Investors are concerned that SpaceX’s Starlink Mobile could increase customer incentives and spending. A $2.6 billion non-cash impairment tied to the Mexico wireless business, legacy-business declines and margin pressure also weakened the market reaction.

AT&T Company Profile

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.