AT&T (NYSE:T) Given New $26.50 Price Target at Scotiabank

Key Points

• Scotiabank lowered AT&T’s price target from $27.50 to $26.50 while maintaining a “sector perform” rating, implying 6.58% upside from the prior close.
• Analyst sentiment remains broadly positive: AT&T has a consensus “Moderate Buy” rating and an average price target of $29.11, with 12 Buy, five Hold, and one Sell rating.
• AT&T exceeded quarterly EPS expectations, reporting $0.65 versus the $0.59 consensus, while revenue reached $31.56 billion and increased 2.3% year over year. Institutional investors own 57.1% of the company.

AT&T (NYSE:T - Get Free Report) had its price objective dropped by research analysts at Scotiabank from $27.50 to $26.50 in a report released on Friday, Benzinga reports. The firm currently has a "sector perform" rating on the technology company's stock. Scotiabank's target price would suggest a potential upside of 6.58% from the company's previous close.

A number of other brokerages also recently issued reports on T. Royal Bank Of Canada decreased their price objective on AT&T from $31.00 to $27.00 and set an "outperform" rating on the stock in a research report on Monday, July 20th. Barclays lowered their price target on AT&T from $26.00 to $24.00 and set an "equal weight" rating for the company in a research report on Wednesday, July 8th. BNP Paribas Exane upgraded shares of AT&T from a "neutral" rating to an "outperform" rating and boosted their price objective for the company from $26.00 to $30.00 in a research report on Monday, September 21st. 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. Finally, The Goldman Sachs Group set a $30.00 price objective on shares of AT&T in a research report on Wednesday, July 22nd. Twelve equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, AT&T has a consensus rating of "Moderate Buy" and a consensus target price of $29.11.

AT&T Trading Up 1.6%

Shares of T opened at $24.86 on Friday. The company's fifty day moving average is $25.05 and its 200 day moving average is $24.66. AT&T has a fifty-two week low of $19.89 and a fifty-two week high of $29.43. The stock has a market capitalization of $170.38 billion, a PE ratio of 8.23, a P/E/G ratio of 1.22 and a beta of 0.25. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.93 and a current ratio of 0.97.

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

Hedge Funds Weigh In On AT&T

Several institutional investors have recently made changes to their positions in the company. Bank of America Corp DE acquired a new position in shares of AT&T during the second quarter worth $2,310,898,000. GQG Partners LLC acquired a new stake in shares of AT&T in the 2nd quarter worth $1,223,364,000. Legal & General Group Plc acquired a new stake in shares of AT&T in the 2nd quarter worth $960,695,000. State Street Corp grew its stake in AT&T by 5.8% during the 2nd quarter. State Street Corp now owns 334,273,613 shares of the technology company's stock worth $6,919,464,000 after buying an additional 18,468,679 shares during the last quarter. Finally, Nykredit A S purchased a new position in AT&T during the 2nd quarter worth $259,954,000. Hedge funds and other institutional investors own 57.10% of the company's stock.

Key Headlines Impacting AT&T

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

• Positive Sentiment: AT&T announced promotions for the new iPhone lineup, offering eligible new and existing customers up to $1,200 off with a trade-in. The offer could support subscriber retention and upgrade activity, although the cost of device subsidies may weigh on margins. AT&T Delivers Value, Choice, and Flexibility with the New iPhone Duo
• Positive Sentiment: AT&T’s new fiber joint venture with Global Infrastructure Partners and CPP Investments remains a potential value driver. The platform aims to reach more than 60 million locations by 2030, while AT&T expects cash proceeds that can support debt reduction, network investment and shareholder returns. Is AT&T Still Undervalued As Its New Fiber Venture Expands Reach?
• Neutral Sentiment: Some analysts view the recent selloff in AT&T and other telecom stocks as a buying opportunity, citing relatively attractive valuations and dividend income. However, this is an opinion rather than a new earnings catalyst. Why AT&T and Telecom Stocks’ SpaceX Slump Is a Buying Opportunity
• Neutral Sentiment: Unusually heavy call-option activity suggests some traders are positioning for a rebound, but options volume does not change AT&T’s underlying fundamentals.
• Negative Sentiment: The main pressure comes from SpaceX receiving regulatory approval and acquiring spectrum that could enable satellite-to-phone connectivity. Investors fear this may increase competition for wireless carriers and reduce the value of their traditional network advantages. SpaceX Deal to Acquire Spectrum License Hammers Shares of AT&T, Verizon and T-Mobile
• Negative Sentiment: Dividend-related trading and elevated Treasury yields are adding pressure to income-oriented telecom stocks. AT&T also lacks a fresh operating update before its scheduled third-quarter earnings report on October 21.
• Negative Sentiment: A court-approved $177 million data-breach settlement creates an additional reputational and financial overhang, although the precise impact on AT&T’s results is not yet clear. AT&T’s $177 Million Data Breach Settlement Approved

AT&T Company Profile

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.

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