AT&T's (T) "Buy" Rating Reiterated at Argus

Key Points

• Argus reaffirmed its “Buy” rating on AT&T with a $30 price target, implying approximately 33.5% upside from the stock’s reported $22.47 price.
• AT&T’s latest quarter exceeded expectations, with adjusted EPS of $0.65 versus $0.60 expected and revenue of $32.32 billion, up 5.2% year over year.
• Analyst sentiment is broadly positive, with 12 Buy ratings and an average target price of $28.70, though debt, competition, fiber pricing pressure and a Mexico impairment remain risks.

AT&T (NYSE:T - Get Free Report)'s stock had its "buy" rating restated by investment analysts at Argus in a research report issued on Thursday, Benzinga reports. They presently have a $30.00 price target on the technology company's stock. Argus's target price suggests a potential upside of 33.52% from the stock's current price.

Other research analysts have also recently issued research reports about the stock. Barclays set a $21.00 price target on shares of AT&T and gave the stock an "equal weight" rating in a research note on Thursday. Wells Fargo & Company boosted their target price on shares of AT&T from $18.00 to $20.00 and gave the company an "underweight" rating in a research note on Thursday, July 23rd. Royal Bank Of Canada reduced their target price on shares of AT&T from $31.00 to $27.00 and set an "outperform" rating on the stock in a research note on Monday, July 20th. Wolfe Research upgraded shares of AT&T from a "peer perform" rating to an "outperform" rating and set a $29.00 target price for the company in a research report on Thursday, July 23rd. Finally, TD Cowen reiterated a "hold" rating and set a $33.00 target price on shares of AT&T in a research report on Thursday. Twelve research 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. According to data from MarketBeat, AT&T presently has an average rating of "Moderate Buy" and an average target price of $28.70.

AT&T Price Performance

T traded up $0.56 during midday trading on Thursday, reaching $22.47. 18,130,862 shares of the company's stock were exchanged, compared to its average volume of 48,488,441. The firm has a market capitalization of $153.97 billion, a price-to-earnings ratio of 7.43, a price-to-earnings-growth ratio of 1.14 and a beta of 0.25. 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 has a one year low of $19.89 and a one year high of $29.43. The business has a 50-day simple moving average of $24.90 and a two-hundred day simple moving average of $24.29.

AT&T (NYSE:T - Get Free Report) last announced its quarterly earnings results on Wednesday, October 21st. The technology company reported $0.65 EPS for the quarter, topping analysts' consensus estimates of $0.60 by $0.05. The firm had revenue of $32.32 billion during the quarter, compared to analysts' expectations of $31.69 billion. AT&T had a net margin of 16.94% and a return on equity of 12.86%. The company's revenue for the quarter was up 5.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.54 earnings per share. As a group, research analysts predict that AT&T will post 2.33 EPS for the current year.

Institutional Investors Weigh In On AT&T

A number of hedge funds have recently made changes to their positions in T. Orion Capital Management LLC bought a new stake in shares of AT&T during the second quarter worth $26,000. Addison Advisors LLC bought a new stake in shares of AT&T during the second quarter worth $27,000. Fairway Wealth LLC bought a new stake in shares of AT&T during the first quarter worth $29,000. Robinswood Financial LLC bought a new stake in shares of AT&T during the first quarter worth $29,000. Finally, Matrix Trust Co grew 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 last quarter. Institutional investors and hedge funds own 57.10% of the company's stock.

More AT&T News

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

• Positive Sentiment: Q3 results exceeded expectations: AT&T reported adjusted earnings of $0.65 per share and revenue of $32.32 billion, ahead of consensus estimates. Revenue increased approximately 5.2% year over year, supported by record Advanced Connectivity additions. AT&T Q3 Earnings and Revenues Top Estimates
• Positive Sentiment: Growth and outlook improved: AT&T added 769,000 internet customers—including 442,000 fiber additions—and 379,000 postpaid phone subscribers. Management raised its 2026 adjusted EPS outlook to approximately $2.40 and highlighted strong demand for bundled fiber, wireless and other connectivity services. AT&T Third-Quarter Results
• Positive Sentiment: Analyst support remains constructive: Argus reaffirmed its “buy” rating with a $30 target, while JPMorgan and KeyCorp maintained “overweight” ratings despite reducing their targets to $31 and $33, respectively. These targets imply substantial potential upside from recent trading levels.
• Positive Sentiment: Capital returns and efficiency: AT&T plans to repurchase approximately $10 billion of shares in 2026 and is trimming annual capital spending by about $1 billion in 2027–28 while retaining its goal of reaching more than 60 million fiber locations by 2030. AT&T Fiber Spending and Pricing Strategy
• Neutral Sentiment: Fiber economics require monitoring: Introductory promotions are pressuring fiber pricing, although lower planned spending could improve cash-flow efficiency and AT&T remains committed to long-term network expansion.
• Negative Sentiment: Debt and competition remain concerns: Net debt increased after the EchoStar spectrum transaction, with management now expecting to return to its 2.5-times net-debt-to-EBITDA target in 2029. Investors also remain cautious about Starlink Mobile competition and customer-incentive spending. A $2.6 billion non-cash Mexico impairment further clouded the quarter.

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.