AT&T (NYSE:T) Stock Gets Price Target Trim from JPMorgan Chase & Co.

AT&T (NYSE:T) had its price objective trimmed by JPMorgan Chase & Co. from $33.00 to $31.00 in a report released on Thursday morning,Benzinga reports. The brokerage currently has an overweight rating on the technology company’s stock.

A number of other equities research analysts have also issued reports on the company. TD Cowen reaffirmed a “hold” rating and issued a $33.00 price target on shares of AT&T in a research report on Thursday. Argus decreased their price objective on AT&T from $33.00 to $30.00 and set a “buy” rating for the company in a research note on Thursday, July 23rd. Wells Fargo & Company boosted their price objective on AT&T from $18.00 to $20.00 and gave the stock an “underweight” rating in a research report on Thursday, July 23rd. Weiss Ratings raised AT&T from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, August 3rd. Finally, BNP Paribas Exane upgraded shares of AT&T from a “neutral” rating to an “outperform” rating and upped their target price for the stock from $26.00 to $30.00 in a research note on Monday, September 21st. Twelve analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $28.55.

AT&T Stock Down 7.8%

Shares of NYSE T opened at $20.96 on Thursday. The stock has a market cap of $141.23 billion, a P/E ratio of 11.33, a PEG ratio of 1.05 and a beta of 0.25. The business’s fifty day simple moving average is $24.78 and its 200-day simple moving average is $24.23. AT&T has a 12-month low of $19.89 and a 12-month high of $29.43. The company has a current ratio of 0.87, a quick ratio of 0.93 and a debt-to-equity ratio of 1.22.

AT&T (NYSE:T) last released its earnings results on Wednesday, October 21st. The technology company reported $0.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.60 by $0.05. AT&T had a return on equity of 13.41% and a net margin of 10.19%. The firm had revenue of $32.32 billion during the quarter, compared to analyst estimates of $31.69 billion. During the same period last year, the business posted $0.54 earnings per share. AT&T’s revenue was up 5.2% compared to the same quarter last year. As a group, equities analysts predict that AT&T will post 2.39 EPS for the current fiscal year.

AT&T Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, November 2nd. Investors of record on Monday, October 12th will be paid a dividend of $0.2775 per share. The ex-dividend date is Friday, October 9th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 5.3%. AT&T’s payout ratio is presently 60.00%.

Hedge Funds Weigh In On AT&T

Large investors have recently bought and sold shares of the business. Orion Capital Management LLC acquired a new stake in AT&T in the second quarter valued at $26,000. Addison Advisors LLC purchased a new stake in AT&T during the 2nd quarter worth about $27,000. Fairway Wealth LLC purchased a new stake in AT&T during the 1st quarter worth about $29,000. Robinswood Financial LLC acquired a new position in shares of AT&T during the 1st quarter worth about $29,000. Finally, Matrix Trust Co boosted its position in shares of AT&T by 331.8% during the 2nd quarter. Matrix Trust Co now owns 1,494 shares of the technology company’s stock worth $31,000 after acquiring an additional 1,148 shares in the last quarter. Hedge funds and other institutional investors own 57.10% of the company’s stock.

Key AT&T News

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.