AT&T (NYSE:T) Rating Increased to Outperform at BNP Paribas Exane

Key Points

• BNP Paribas Exane upgraded AT&T to “outperform” from “neutral” and set a $30 price target, implying approximately 18% upside from the reported $25.41 share price.
• Analyst sentiment is broadly positive, with AT&T carrying a “Moderate Buy” consensus rating and an average price target of $29.20 from MarketBeat.
• AT&T exceeded quarterly EPS expectations, reporting $0.65 versus the $0.59 consensus estimate, while revenue rose 2.3% year over year to $31.56 billion.

AT&T (NYSE:T - Get Free Report) was upgraded by analysts at BNP Paribas Exane from a "neutral" rating to an "outperform" rating in a research report issued on Monday, Marketbeat Ratings reports. The firm presently has a $30.00 price objective on the technology company's stock. BNP Paribas Exane's price objective suggests a potential upside of 18.08% from the company's current price.

Several other research firms have also recently issued reports on T. Oppenheimer cut shares of AT&T from an "outperform" rating to a "market perform" rating in a report on Wednesday, June 3rd. Barclays cut their price target on shares of AT&T from $26.00 to $24.00 and set an "equal weight" rating on the stock in a report on Wednesday, July 8th. Scotiabank lowered their price objective on shares of AT&T from $31.00 to $29.25 and set a "sector perform" rating on the stock in a research report on Wednesday, July 15th. Weiss Ratings upgraded AT&T from a "hold (c+)" rating to a "buy (b-)" rating in a report on Monday, August 3rd. Finally, Wells Fargo & Company lifted their price objective on AT&T from $18.00 to $20.00 and gave the company an "underweight" rating in a research report on Thursday, July 23rd. Twelve analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $29.20.

AT&T Trading Up 0.0%

Shares of NYSE T opened at $25.41 on Monday. The company has a market cap of $174.09 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 has a 12-month low of $19.89 and a 12-month high of $29.43. The company has a current ratio of 0.97, a quick ratio of 0.93 and a debt-to-equity ratio of 1.06. The stock's 50 day simple moving average is $24.47 and its 200 day simple moving average is $24.97.

AT&T (NYSE:T - Get Free Report) last issued its quarterly earnings data on Wednesday, July 22nd. The technology company reported $0.65 EPS for the quarter, topping analysts' consensus estimates of $0.59 by $0.06. The firm had revenue of $31.56 billion during the quarter, compared to the consensus estimate of $31.80 billion. AT&T had a return on equity of 12.86% and a net margin of 16.94%.The firm's revenue was up 2.3% on a year-over-year basis. During the same period in the prior year, the business earned $0.54 EPS. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. Equities research analysts expect that AT&T will post 2.34 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Fairway Wealth LLC acquired a new position in AT&T during the first quarter worth $29,000. Robinswood Financial LLC acquired a new stake in shares of AT&T in the first quarter worth about $29,000. Blueline Advisors LLC bought a new stake in shares of AT&T during the 4th quarter worth about $26,000. Winnow Wealth LLC boosted its stake in shares of AT&T by 362.8% during the 4th quarter. Winnow Wealth LLC now owns 1,046 shares of the technology company's stock worth $26,000 after acquiring an additional 820 shares in the last quarter. Finally, Orion Capital Management LLC bought a new stake in shares of AT&T during the 2nd quarter worth about $26,000. Institutional investors own 57.10% of the company's stock.

AT&T Company Profile

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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