AT&T (NYSE:T) Given New $31.00 Price Target at JPMorgan Chase & Co.

AT&T (NYSE:T) had its price objective lowered by JPMorgan Chase & Co. from $33.00 to $31.00 in a research report issued on Thursday, Benzinga reports. The firm presently has an “overweight” rating on the technology company’s stock. JPMorgan Chase & Co.’s price target points to a potential upside of 37.41% from the company’s current price.

Other analysts have also issued reports about the stock. BNP Paribas Exane raised shares of AT&T from a “neutral” rating to an “outperform” rating and upped their price objective for the company from $26.00 to $30.00 in a research note on Monday, September 21st. The Goldman Sachs Group set a $27.00 target price on shares of AT&T in a report on Wednesday. Barclays set a $21.00 target price on shares of AT&T in a research report on Thursday. TD Cowen restated a “hold” rating and set a $33.00 price target on shares of AT&T in a report on Thursday. Finally, Sanford C. Bernstein lowered shares of AT&T from an “outperform” rating to a “market perform” rating and set a $24.00 price target on the stock. in a report on Tuesday, October 13th. Twelve investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $28.70.

AT&T Trading Up 3.0%

Shares of AT&T stock traded up $0.65 on Thursday, reaching $22.56. 6,210,193 shares of the company were exchanged, compared to its average volume of 48,422,406. The stock has a fifty day moving average price of $24.90 and a 200-day moving average price of $24.29. The firm has a market capitalization of $154.60 billion, a price-to-earnings ratio of 7.44, a price-to-earnings-growth ratio of 1.14 and a beta of 0.25. The company has a current ratio of 0.97, a quick ratio of 0.93 and a debt-to-equity ratio of 1.06. AT&T has a fifty-two week low of $19.89 and a fifty-two week high of $29.43.

AT&T (NYSE:T) last announced its earnings results on Wednesday, October 21st. The technology company reported $0.65 EPS for the quarter, beating the consensus estimate of $0.60 by $0.05. AT&T had a return on equity of 12.86% and a net margin of 16.94%. The business had revenue of $32.32 billion during the quarter, compared to the consensus estimate of $31.69 billion. During the same period in the prior year, the business posted $0.54 earnings per share. AT&T’s revenue was up 5.2% compared to the same quarter last year. On average, analysts expect that AT&T will post 2.33 EPS for the current year.

Institutional Investors Weigh In On AT&T

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

AT&T News Roundup

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

• Positive Sentiment: AT&T reported adjusted earnings of $0.65 per share and revenue of $32.32 billion, exceeding consensus estimates. Revenue increased roughly 5.2% year over year, and management raised its 2026 adjusted EPS outlook to approximately $2.40. AT&T third-quarter results
• Positive Sentiment: Growth was led by fiber, fixed wireless and wireless services. AT&T added a record 769,000 internet customers, including 442,000 fiber additions, and 379,000 postpaid phone customers. Advanced Connectivity revenue rose 6.1%, while operating income increased 18.9%. AT&T fiber and wireless growth
• Positive Sentiment: The company plans to return capital through buybacks and dividends, while reducing planned annual capital investment for 2027 and 2028 to $22 billion-$23 billion. This could improve free-cash-flow conversion and support shareholder returns.
• Positive Sentiment: KeyCorp maintained an “overweight” rating, although it reduced its price target from $36 to $33, implying substantial long-term upside from the referenced share price. KeyCorp price target update
• Neutral Sentiment: Management is emphasizing bundled fiber-and-wireless plans to attract higher-value, more loyal customers. AT&T also added approximately 350,000 converged relationships during the quarter, but the strategy may require continued promotions and customer incentives.
• Negative Sentiment: Investors remain concerned about leverage. Total debt reached approximately $159.6 billion after the EchoStar spectrum transaction, and AT&T now expects to return to its 2.5-times net-debt-to-adjusted-EBITDA target range in 2029, suggesting slower deleveraging than anticipated.
• Negative Sentiment: A $2.6 billion non-cash impairment related to the Mexico wireless business weighed on reported profit and highlighted execution risks. Margin pressure also made the earnings beat appear less compelling to some investors.
• Negative Sentiment: Potential competition from SpaceX’s Starlink Mobile service is raising fears of higher customer-acquisition costs and slower wireless growth, even though AT&T executives have downplayed the threat. AT&T and Starlink competition

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.