AT&T (NYSE:T) Price Target Raised to $28.00

Key Points

• Morgan Stanley raised AT&T’s price target from $27 to $28 and maintained an “overweight” rating, implying approximately 10.28% upside from the prior close.
• Analyst sentiment is broadly positive: AT&T has a “Moderate Buy” consensus rating and an average price target of $29.25, based on 12 Buy, five Hold, and one Sell rating.
• AT&T exceeded quarterly EPS expectations, reporting $0.65 versus the $0.59 consensus estimate, while revenue increased 2.3% year over year to $31.56 billion.

AT&T (NYSE:T - Get Free Report) had its target price boosted by investment analysts at Morgan Stanley from $27.00 to $28.00 in a research report issued to clients and investors on Monday, Benzinga reports. The firm presently has an "overweight" rating on the technology company's stock. Morgan Stanley's price objective would indicate a potential upside of 10.28% from the company's previous close.

Several other equities research analysts also recently weighed in on T. 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 note on Thursday, July 23rd. Argus lowered their target price on AT&T from $33.00 to $30.00 and set a "buy" rating on the stock in a research note on Thursday, July 23rd. The Goldman Sachs Group set a $30.00 price target on AT&T in a research note on Wednesday, July 22nd. Wells Fargo & Company lifted their price objective on shares of AT&T from $18.00 to $20.00 and gave the company an "underweight" rating in a research report on Thursday, July 23rd. Finally, Sanford C. Bernstein restated an "outperform" rating and set a $25.00 price objective on shares of AT&T in a research report on Monday, July 13th. Twelve investment analysts have rated the stock with a Buy rating, five have assigned 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 price target of $29.25.

AT&T Trading Up 0.0%

T opened at $25.39 on Monday. 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 52 week low of $19.89 and a 52 week high of $29.43. The business's 50 day moving average is $24.85 and its two-hundred day moving average is $24.86. The firm has a market cap of $173.98 billion, a price-to-earnings ratio of 8.41, a price-to-earnings-growth ratio of 1.26 and a beta of 0.25.

AT&T (NYSE:T - Get Free Report) last announced its earnings results on Wednesday, July 22nd. The technology company reported $0.65 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.59 by $0.06. The business had revenue of $31.56 billion for 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%. The company's revenue for the quarter was up 2.3% compared to the same quarter last year. During the same period last year, the firm posted $0.54 earnings per share. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. On average, research analysts predict that AT&T will post 2.33 EPS for the current year.

Hedge Funds Weigh In On AT&T

Hedge funds and other institutional investors have recently bought and sold shares of the company. Winnow Wealth LLC boosted its position in shares of AT&T by 362.8% in the 4th quarter. Winnow Wealth LLC now owns 1,046 shares of the technology company's stock worth $26,000 after buying an additional 820 shares in the last quarter. Orion Capital Management LLC acquired a new position in AT&T during the second quarter worth about $26,000. Addison Advisors LLC acquired a new position in AT&T during the second quarter worth about $27,000. Fairway Wealth LLC purchased a new stake in shares of AT&T in the first quarter valued at about $29,000. Finally, Robinswood Financial LLC acquired a new stake in shares of AT&T in the first quarter valued at approximately $29,000. 57.10% of the stock is owned by institutional investors and hedge funds.

About AT&T

AT&T Inc NYSE: T is a telecommunications company that provides wireless communications, broadband internet, voice, and related connectivity services. Its offerings include mobile phone and data plans, fiber-optic internet, fixed wireless access, traditional voice services, and networking solutions for businesses and government customers.

The company serves consumers, businesses, and public-sector organizations primarily across the United States. AT&T also provides wireless services in Mexico and operates extensive communications networks that support mobile connectivity, internet access, data transmission, and enterprise communications.

AT&T traces its history to the development of the Bell System and has evolved through a series of reorganizations and acquisitions.

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