BNP Paribas Exane Issues Pessimistic Forecast for AT&T (NYSE:T) Stock Price

AT&T (NYSE:T) had its price target cut by stock analysts at BNP Paribas Exane from $28.00 to $26.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage currently has a “neutral” rating on the technology company’s stock. BNP Paribas Exane’s price objective points to a potential downside of 2.57% from the stock’s current price.

A number of other research firms have also weighed in on T. UBS Group reiterated a “buy” rating on shares of AT&T in a research note on Thursday, January 29th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $33.00 price objective on shares of AT&T in a research note on Thursday, January 29th. Arete Research upgraded AT&T from a “sell” rating to a “neutral” rating and set a $28.00 price objective for the company in a research note on Tuesday, March 10th. Royal Bank Of Canada reiterated an “outperform” rating and set a $31.00 price objective on shares of AT&T in a research note on Thursday, February 12th. Finally, KeyCorp lifted their price objective on AT&T from $30.00 to $36.00 and gave the company an “overweight” rating in a research note on Wednesday, March 25th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $30.52.

AT&T Stock Performance

T stock traded up $0.71 during midday trading on Thursday, reaching $26.69. The stock had a trading volume of 21,708,618 shares, compared to its average volume of 44,157,496. The stock has a market cap of $186.36 billion, a PE ratio of 8.74, a P/E/G ratio of 0.95 and a beta of 0.34. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.86 and a current ratio of 0.91. The firm has a fifty day simple moving average of $27.81 and a two-hundred day simple moving average of $26.04. AT&T has a 52-week low of $22.95 and a 52-week high of $29.79.

AT&T (NYSE:T) last issued its earnings results on Wednesday, April 22nd. The technology company reported $0.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.55 by $0.02. The company had revenue of $31.51 billion during the quarter, compared to analyst estimates of $31.29 billion. AT&T had a return on equity of 12.33% and a net margin of 17.47%.The firm’s quarterly revenue was up 2.9% on a year-over-year basis. During the same quarter last year, the business posted $0.51 EPS. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. As a group, equities research analysts anticipate that AT&T will post 2.29 EPS for the current year.

Institutional Investors Weigh In On AT&T

Institutional investors have recently modified their holdings of the business. Csenge Advisory Group boosted its holdings in AT&T by 20.3% in the 3rd quarter. Csenge Advisory Group now owns 189,293 shares of the technology company’s stock worth $5,346,000 after buying an additional 31,935 shares during the last quarter. Rhumbline Advisers boosted its holdings in shares of AT&T by 0.4% during the 3rd quarter. Rhumbline Advisers now owns 12,810,872 shares of the technology company’s stock worth $361,779,000 after purchasing an additional 49,727 shares during the last quarter. Wealthfront Advisers LLC boosted its holdings in shares of AT&T by 4.9% during the 3rd quarter. Wealthfront Advisers LLC now owns 1,411,031 shares of the technology company’s stock worth $39,848,000 after purchasing an additional 66,448 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its holdings in shares of AT&T by 1.4% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 18,133,054 shares of the technology company’s stock worth $512,077,000 after purchasing an additional 248,567 shares during the last quarter. Finally, Public Sector Pension Investment Board boosted its holdings in shares of AT&T by 140.8% during the 3rd quarter. Public Sector Pension Investment Board now owns 2,888,630 shares of the technology company’s stock worth $81,575,000 after purchasing an additional 1,689,073 shares during the last quarter. 57.10% of the stock is currently owned by institutional investors and hedge funds.

AT&T News Roundup

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

• Positive Sentiment: Q1 beat on revenue and EPS; company reiterated FY26 guidance — AT&T posted $31.51B in revenue (+2.9% y/y) and $0.57 adjusted EPS, topping estimates and reiterating FY26 EPS guidance of $2.25–$2.35, supporting the thesis that core operations are stabilizing. T Q1 Deep Dive: Fiber Expansion, Convergence Strategy, and Shifting Market Dynamics
• Positive Sentiment: Strong subscriber and bundling traction — AT&T added ~294k postpaid phone net adds and ~584k internet subscribers, with nearly 45% of advanced home internet customers also choosing AT&T wireless, showing convergence is driving higher ARPU and customer retention. AT&T customers flock to wireless, Internet bundles during Q1
• Positive Sentiment: Fiber expansion underpinning growth — Management emphasized accelerated fiber deployment as the main growth engine and convergence lever; investors seeing this as a multi-year revenue and broadband-share opportunity. AT&T Earnings Call: Fiber Push Drives Growth Outlook
• Neutral Sentiment: Analyst actions mixed — Scotiabank trimmed its target to $31.00 and kept a “sector perform” rating (still above current levels), while other firms continue to split between buy and hold views; consensus targets remain clustered around the mid-$20s to low $30s. Benzinga
• Neutral Sentiment: Income appeal remains — Coverage pieces highlight AT&T’s ~4% yield as a steady-income play, which can support the stock for yield-focused investors even amid slower capital appreciation. AT&T vs. Verizon vs. T-Mobile: Why This 4.4% Yield Is the Steadiest Bet in Telecom.
• Negative Sentiment: Free cash flow and higher capex weigh on outlook — FCF dipped (~$2.5B vs ~$3.1B y/y) as AT&T ramps fiber capex; investors reacted negatively to the FCF hit and lack of an upward guidance revision. AT&T shares slide despite Q1 beat as free-cash-flow dips and wireless metrics draw scrutiny
• Negative Sentiment: Legacy revenue erosion and longer-term risks — Several commentaries flag double-digit declines in legacy lines and structural risks that could limit upside for years if fiber monetization or wireless economics slow. AT&T’s Biggest Problem Could Stall The Stock For Years

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.