AT&T (NYSE:T) Price Target Cut to $33.00 by Analysts at KeyCorp

Key Points

• KeyCorp cut AT&T’s price target to $33 from $36 while maintaining an “overweight” rating, implying roughly 50% upside from the reported $21.95 share price.
• Analyst sentiment remains broadly positive: AT&T has a “Moderate Buy” consensus rating, with 11 Buy, six Hold and one Sell recommendation and an average target of $28.58.
• AT&T exceeded quarterly expectations, reporting $0.65 in adjusted EPS and $32.32 billion in revenue, though investors face concerns over high net debt and a $2.6 billion impairment tied to its Mexico wireless business.

AT&T (NYSE:T - Get Free Report) had its price objective cut by stock analysts at KeyCorp from $36.00 to $33.00 in a research report issued on Thursday, Benzinga reports. The brokerage presently has an "overweight" rating on the technology company's stock. KeyCorp's price objective would indicate a potential upside of 50.37% from the company's current price.

T has been the subject of several other reports. TD Cowen raised their target price on shares of AT&T from $32.00 to $33.00 and gave the company a "hold" rating in a research note on Thursday, July 23rd. Morgan Stanley reaffirmed an "overweight" rating on shares of AT&T in a research report on Thursday. The Goldman Sachs Group set a $27.00 price target on shares of AT&T in a research note on Wednesday. Wolfe Research upgraded shares of AT&T from a "peer perform" rating to an "outperform" rating and set a $29.00 price target for the company in a research note on Thursday, July 23rd. Finally, BNP Paribas Exane raised shares of AT&T from a "neutral" rating to an "outperform" rating and lifted their price objective for the company from $26.00 to $30.00 in a research report on Monday, September 21st. Eleven investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $28.58.

AT&T Price Performance

NYSE T opened at $21.95 on Thursday. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.93 and a current ratio of 0.97. The stock has a market cap of $150.38 billion, a price-to-earnings ratio of 7.27, a PEG ratio of 1.14 and a beta of 0.25. The business has a 50 day simple moving average of $24.90 and a 200 day simple moving average of $24.29. AT&T has a 52-week low of $19.89 and a 52-week high of $29.43.

AT&T (NYSE:T - Get Free Report) last posted its quarterly earnings data on Wednesday, October 21st. The technology company reported $0.65 earnings per share for the quarter, topping 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 company had revenue of $32.32 billion during the quarter, compared to analysts' expectations of $31.69 billion. During the same period in the prior year, the firm earned $0.54 earnings per share. AT&T's revenue for the quarter was up 5.2% compared to the same quarter last year. Analysts anticipate 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 and hedge funds have recently modified their holdings of the stock. NBT Bank N.A. bought a new stake in AT&T during the third quarter worth $2,229,000. Root Financial Partners LLC grew its stake in shares of AT&T by 15.7% in the 3rd quarter. Root Financial Partners LLC now owns 14,601 shares of the technology company's stock worth $356,000 after acquiring an additional 1,979 shares in the last quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH grew its stake in shares of AT&T by 1.1% in the 3rd quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH now owns 46,144 shares of the technology company's stock worth $1,126,000 after acquiring an additional 492 shares in the last quarter. JSF Financial LLC raised its holdings in shares of AT&T by 14.3% in the third quarter. JSF Financial LLC now owns 22,042 shares of the technology company's stock valued at $538,000 after purchasing an additional 2,750 shares during the last quarter. Finally, Cypress Wealth Services LLC raised its holdings in shares of AT&T by 8.5% in the third quarter. Cypress Wealth Services LLC now owns 25,117 shares of the technology company's stock valued at $614,000 after purchasing an additional 1,971 shares during the last quarter. 57.10% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting AT&T

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 analyst expectations. Revenue increased roughly 5% year over year, while the company raised its 2026 adjusted EPS outlook to approximately $2.40. AT&T Q3 Earnings and Revenues Top Estimates
• Positive Sentiment: Operating momentum remained strong: AT&T added a record 769,000 internet customers, including 442,000 fiber and 327,000 fixed-wireless additions, along with 379,000 postpaid phone subscribers. Advanced Connectivity revenue rose 6.1%, and operating income increased 18.9%. AT&T Third-Quarter Results
• Positive Sentiment: Management plans to return substantial capital to shareholders, including approximately $10 billion of share repurchases in 2026. It also lowered planned annual capital investment for 2027 and 2028 to $22 billion-$23 billion, potentially supporting future free cash flow. AT&T Raises 2026 Earnings Outlook
• Neutral Sentiment: CEO John Stankey played down the threat from SpaceX’s Starlink Mobile service, saying low-Earth-orbit satellites could complement traditional networks in rural areas. However, investors remain concerned that Starlink competition could increase customer incentives and wireless spending. AT&T CEO Discusses Starlink
• Negative Sentiment: The quarter included a $2.6 billion noncash impairment tied to AT&T’s Mexico wireless business, pressuring reported profit. Net debt reached approximately $149.8 billion after the EchoStar spectrum transaction, and management now expects to return to its 2.5-times net-debt-to-adjusted-EBITDA target in 2029, suggesting slower deleveraging than some investors expected. AT&T Slides After Earnings

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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