AT&T’s (T) Buy Rating Reiterated at Argus

Argus restated their buy rating on shares of AT&T (NYSE:T) in a research note published on Thursday morning,Benzinga reports. The brokerage currently has a $30.00 target price on the technology company’s stock.

Several other equities analysts have also recently weighed in on T. Scotiabank dropped their price objective on AT&T from $27.50 to $26.50 and set a “sector perform” rating on the stock in a research note on Friday, October 9th. Morgan Stanley cut their price objective on shares of AT&T from $28.00 to $25.00 and set an “overweight” rating on the stock in a report on Thursday. Barclays reduced their target price on shares of AT&T from $24.00 to $21.00 and set an “equal weight” rating for the company in a research note on Thursday. JPMorgan Chase & Co. lowered their target price on shares of AT&T from $33.00 to $31.00 and set an “overweight” rating for the company in a report on Thursday. Finally, Sanford C. Bernstein downgraded shares of AT&T from an “outperform” rating to a “market perform” rating and set a $24.00 target price for the company. in a report on Tuesday, October 13th. Twelve research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, AT&T has a consensus rating of “Moderate Buy” and a consensus price target of $28.55.

AT&T Stock Down 7.8%

T stock opened at $20.96 on Thursday. AT&T has a twelve month low of $19.89 and a twelve month high of $29.43. The company has a quick ratio of 0.93, a current ratio of 0.87 and a debt-to-equity ratio of 1.22. The stock’s 50 day moving average is $24.78 and its 200-day moving average is $24.23. The firm has a market capitalization of $141.23 billion, a PE ratio of 11.33, a P/E/G ratio of 1.05 and a beta of 0.25.

AT&T (NYSE:T) last announced its earnings results on Wednesday, October 21st. The technology company reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.05. AT&T had a return on equity of 13.41% and a net margin of 10.19%. The company had revenue of $32.32 billion for the quarter, compared to analysts’ expectations of $31.69 billion. During the same quarter in the previous year, the firm earned $0.54 earnings per share. AT&T’s quarterly revenue was up 5.2% on a year-over-year basis. Sell-side analysts expect that AT&T will post 2.39 EPS for the current fiscal year.

AT&T Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 2nd. Shareholders of record on Monday, October 12th will be given a $0.2775 dividend. The ex-dividend date of this dividend is Friday, October 9th. This represents a $1.11 annualized dividend and a yield of 5.3%. AT&T’s payout ratio is currently 60.00%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Bar Harbor Wealth Management increased its stake in shares of AT&T by 1.1% during the 1st quarter. Bar Harbor Wealth Management now owns 35,102 shares of the technology company’s stock worth $1,018,000 after purchasing an additional 386 shares during the last quarter. Hibernia Wealth Partners LLC raised its holdings in shares of AT&T by 4.5% in the 1st quarter. Hibernia Wealth Partners LLC now owns 9,105 shares of the technology company’s stock worth $264,000 after purchasing an additional 392 shares during the period. M.E. Allison & CO. Inc. raised its holdings in shares of AT&T by 0.5% in the 2nd quarter. M.E. Allison & CO. Inc. now owns 76,978 shares of the technology company’s stock worth $1,593,000 after purchasing an additional 397 shares during the period. Accredited Investors Inc. lifted its stake in AT&T by 3.5% in the first quarter. Accredited Investors Inc. now owns 11,901 shares of the technology company’s stock valued at $345,000 after purchasing an additional 400 shares during the last quarter. Finally, Nicholas Hoffman & Company LLC. lifted its stake in AT&T by 0.4% in the first quarter. Nicholas Hoffman & Company LLC. now owns 97,209 shares of the technology company’s stock valued at $2,818,000 after purchasing an additional 402 shares during the last quarter. 57.10% of the stock is currently owned by hedge funds and other institutional investors.

Key Headlines Impacting AT&T

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.