AT&T (NYSE:T) Price Target Raised to $28.00

AT&T (NYSE:T) had its price target increased by Morgan Stanley from $27.00 to $28.00 in a research note published on Monday,Benzinga reports. The brokerage currently has an overweight rating on the technology company’s stock.

Several other brokerages have also recently issued reports on T. Oppenheimer cut shares of AT&T from an “outperform” rating to a “market perform” rating in a report on Wednesday, June 3rd. Royal Bank Of Canada lowered their price target 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. Scotiabank dropped their price objective on shares of AT&T from $31.00 to $29.25 and set a “sector perform” rating on the stock in a research note on Wednesday, July 15th. Argus cut their price objective on shares of AT&T from $33.00 to $30.00 and set a “buy” rating on the stock in a report on Thursday, July 23rd. Finally, 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. Twelve investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $29.25.

AT&T Trading Up 0.0%

Shares of NYSE T opened at $24.48 on Monday. AT&T has a twelve month low of $19.89 and a twelve month high of $29.43. The firm has a market cap of $167.78 billion, a PE ratio of 8.11, a price-to-earnings-growth ratio of 1.22 and a beta of 0.25. The business has a fifty day simple moving average of $24.98 and a two-hundred day simple moving average of $24.80. The company has a quick ratio of 0.93, a current ratio of 0.97 and a debt-to-equity ratio of 1.06.

AT&T (NYSE:T) last posted its quarterly earnings results on Wednesday, July 22nd. The technology company reported $0.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.59 by $0.06. The business had revenue of $31.56 billion for the quarter, compared to the consensus estimate of $31.80 billion. AT&T had a return on equity of 12.86% and a net margin of 16.94%.The business’s revenue was up 2.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.54 EPS. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. Analysts expect that AT&T will post 2.33 earnings per share for the current fiscal year.

AT&T Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, November 2nd. Shareholders of record on Monday, October 12th will be issued a $0.2775 dividend. The ex-dividend date is Friday, October 9th. This represents a $1.11 dividend on an annualized basis and a yield of 4.5%. AT&T’s payout ratio is currently 36.75%.

Institutional Trading of AT&T

A number of institutional investors have recently modified their holdings of the company. Andra AP fonden raised its stake in shares of AT&T by 1.5% during the 2nd quarter. Andra AP fonden now owns 739,787 shares of the technology company’s stock worth $15,314,000 after acquiring an additional 11,000 shares in the last quarter. State Street Corp boosted its stake in AT&T by 5.8% in 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 in the last quarter. Premier Financial Group acquired a new stake in AT&T in the second quarter valued at approximately $42,000. Security National Bank of SO Dak purchased a new position in AT&T in the second quarter worth $100,000. Finally, Anchor Investment Management LLC grew its holdings in AT&T by 5.3% in the second quarter. Anchor Investment Management LLC now owns 42,926 shares of the technology company’s stock worth $889,000 after purchasing an additional 2,174 shares during the last quarter. 57.10% of the stock is currently owned by institutional investors.

Key AT&T News

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

• Positive Sentiment: Major fiber investment supports long-term growth: AT&T signed a multiyear agreement worth more than $3 billion with Corning for fiber and cable. The spending will help expand broadband capacity, respond to rapidly rising data and AI demand, and support AT&T’s goal of reaching 60 million fiber passings by 2030. AT&T signs over $3 billion fiber deal with Corning
• Positive Sentiment: Wireless fundamentals and valuation remain attractive: BNP Paribas reportedly upgraded AT&T to Outperform with a $30 price target, citing improving wireless pricing, reduced handset subsidies and higher average revenue per user. Other coverage highlights approximately $19.4 billion in annual free cash flow, a low earnings multiple and a well-supported dividend.
• Positive Sentiment: Management is downplaying a new competitive threat: CEO John Stankey said SpaceX’s strategy to provide phone service is not viable as a major threat to traditional telecom operators, potentially easing concerns about satellite-based competition. AT&T CEO says SpaceX phone strategy not viable
• Neutral Sentiment: Technology-development efforts add strategic value: AT&T’s Proof of Concept Labs marked its 30th anniversary, showcasing work in networking, 5G, edge computing, cloud connectivity and AI. The initiative may improve customer adoption and service reliability, although it is unlikely to materially affect near-term earnings.
• Negative Sentiment: Fiber expansion increases financial pressure: The Corning commitment and broader network buildout require substantial capital expenditure. AT&T’s leverage remains above its internal target, creating execution and cash-flow risks even though recent earnings exceeded expectations.
• Negative Sentiment: Customer-focused comparison tools could intensify competition: A new tool that makes it easier for consumers to compare wireless offerings and switch providers may increase churn or force AT&T, T-Mobile and Verizon to compete more aggressively on pricing.

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.