Brokerages Set AT&T Inc. (NYSE:T) PT at $29.19

Shares of AT&T Inc. (NYSE:T) have received a consensus rating of “Moderate Buy” from the nineteen ratings firms that are currently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation, eleven have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $29.1875.

T has been the topic of several analyst reports. Scotiabank cut their target price on AT&T from $31.00 to $29.25 and set a “sector perform” rating on the stock in a research report on Wednesday, July 15th. Oppenheimer lowered AT&T from an “outperform” rating to a “market perform” rating in a research report on Wednesday, June 3rd. Wall Street Zen upgraded AT&T from a “sell” rating to a “hold” rating in a research note on Saturday, June 20th. Barclays cut their price objective on shares of AT&T from $26.00 to $24.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 8th. Finally, TD Cowen upped their target price on shares of AT&T from $32.00 to $33.00 and gave the stock a “hold” rating in a research note on Thursday, July 23rd.

AT&T Trading Down 0.9%

T opened at $24.27 on Thursday. AT&T has a fifty-two week low of $19.89 and a fifty-two week high of $29.79. The firm has a market capitalization of $166.31 billion, a PE ratio of 8.04, a P/E/G ratio of 1.00 and a beta of 0.23. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.97 and a quick ratio of 0.93. The company’s 50-day moving average is $22.54 and its 200 day moving average is $25.24.

AT&T (NYSE:T) last released its quarterly earnings results on Wednesday, July 22nd. The technology company reported $0.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.59 by $0.06. The business had revenue of $31.56 billion during 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 company’s quarterly revenue was up 2.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.54 EPS. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. As a group, research analysts predict that AT&T will post 2.34 earnings per share for the current fiscal year.

AT&T Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, August 3rd. Investors of record on Friday, July 10th were issued a dividend of $0.2775 per share. The ex-dividend date was Friday, July 10th. This represents a $1.11 annualized dividend and a yield of 4.6%. AT&T’s payout ratio is 36.75%.

Trending Headlines about AT&T

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

• Positive Sentiment: AT&T is adopting open-weight AI models to reduce token and infrastructure costs while protecting proprietary data and improving security. Management believes the company can control the risks associated with increased AI usage, potentially supporting operating efficiency over time. AT&T adopts open AI models to cut costs, improve security
• Positive Sentiment: Improving earnings estimates, fiber expansion, wireless subscriber gains and bundled services remain supports for AT&T’s growth outlook. The stock also trades at a relatively low valuation—about eight times earnings—and offers an approximately 4.7% yield, which may appeal to income-oriented investors. Should Investors Buy T Stock as Earnings Estimates Improve?
• Positive Sentiment: Brokerages have set an average price target near $29.19, implying potential upside from recent trading levels and signaling continued confidence in AT&T’s valuation and execution. Brokerages Set AT&T Inc. PT at $29.19
• Neutral Sentiment: AT&T’s open-model AI strategy is intended to manage the future cost of “tokens”—the computing units used by AI systems—while maintaining control of sensitive company information. The initiative is strategically important but is unlikely to materially affect near-term revenue or earnings. Why AT&T Is Betting Big on Open-Weight AI
• Negative Sentiment: Investors remain concerned about high network capital expenditures, debt and intense wireless competition. SpaceX’s Starlink is expanding its direct-to-cellular ambitions, creating a potential threat to AT&T’s customer base and adding to competitive uncertainty. The Bull Case For AT&T Could Change Following Starlink’s Direct-to-Cellular Push
• Neutral Sentiment: Historical analysis suggests AT&T often trades independently of the broader market, making today’s movement more dependent on company-specific factors than short-term market direction. AT&T Barely Moves With The Market It Belongs To

Institutional Investors Weigh In On AT&T

Several institutional investors and hedge funds have recently added to or reduced their stakes in T. Vanguard Group Inc. boosted its stake in shares of AT&T by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 664,055,700 shares of the technology company’s stock worth $16,495,144,000 after buying an additional 3,585,661 shares during the last quarter. State Street Corp increased its position in shares of AT&T by 2.6% during the fourth quarter. State Street Corp now owns 332,089,723 shares of the technology company’s stock valued at $8,249,109,000 after acquiring an additional 8,314,678 shares during the last quarter. Bank of America Corp DE increased its position in shares of AT&T by 4.6% during the first quarter. Bank of America Corp DE now owns 125,191,700 shares of the technology company’s stock valued at $3,629,307,000 after acquiring an additional 5,449,222 shares during the last quarter. Norges Bank bought a new stake in AT&T during the fourth quarter worth $2,181,977,000. Finally, Bank of New York Mellon Corp lifted its holdings in AT&T by 3.5% during the second quarter. Bank of New York Mellon Corp now owns 75,323,574 shares of the technology company’s stock worth $1,559,198,000 after acquiring an additional 2,559,065 shares during the period. Hedge funds and other institutional investors own 57.10% of the company’s stock.

AT&T Company Profile

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.