AT&T (NYSE:T) Trading 1.8% Higher Following Analyst Upgrade

Key Points

• AT&T shares jumped about 1.8% midday after Citigroup raised its price target from $29.00 to $31.50 and kept a buy rating; the stock traded near $28.81 on roughly 45.7 million shares.
• AT&T beat quarterly expectations with $0.52 EPS vs. $0.46 expected and revenue of $33.47 billion (up 3.6% YoY), and set FY2026 guidance of $2.25–$2.35 EPS.
• Analysts have a consensus rating of Moderate Buy with an average price target of $30.46 (ratings include 1 Strong Buy, 14 Buy, and 8 Hold).

AT&T Inc. (NYSE:T - Get Free Report)'s stock price traded up 1.8% during mid-day trading on Monday after Citigroup raised their price target on the stock from $29.00 to $31.50. Citigroup currently has a buy rating on the stock. AT&T traded as high as $28.91 and last traded at $28.8120. 45,709,352 shares were traded during trading, a decline of 2% from the average session volume of 46,647,938 shares. The stock had previously closed at $28.31.

Other equities research analysts have also issued research reports about the company. Wells Fargo & Company dropped their price target on AT&T from $29.00 to $27.00 and set an "overweight" rating on the stock in a research note on Monday, January 26th. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of AT&T in a research report on Monday, December 29th. Loop Capital set a $29.00 target price on shares of AT&T in a research note on Friday, December 19th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and set a $33.00 target price on shares of AT&T in a research report on Thursday, January 29th. Finally, The Goldman Sachs Group cut their price target on shares of AT&T from $33.00 to $29.00 and set a "buy" rating on the stock in a research note on Friday, December 19th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and eight have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $30.46.

Institutional Trading of AT&T

A number of hedge funds have recently modified their holdings of T. Farmers National Bank grew its holdings in AT&T by 0.3% during the fourth quarter. Farmers National Bank now owns 138,310 shares of the technology company's stock worth $3,436,000 after acquiring an additional 410 shares during the period. Winthrop Partners WNY LLC acquired a new position in AT&T in the fourth quarter valued at approximately $518,000. Nalls Sherbakoff Group LLC acquired a new position in AT&T in the fourth quarter valued at approximately $726,000. Meadowbrook Advisors Group LLC purchased a new stake in AT&T in the 4th quarter worth approximately $342,000. Finally, Advisortrust Partners LLC purchased a new stake in AT&T in the 4th quarter worth approximately $666,000. Hedge funds and other institutional investors own 57.10% of the company's stock.

AT&T Stock Up 1.8%

The firm has a market cap of $201.21 billion, a price-to-earnings ratio of 9.45, a PEG ratio of 1.06 and a beta of 0.39. The business's 50 day moving average price is $26.67 and its 200 day moving average price is $26.24. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.86 and a current ratio of 0.91.

AT&T (NYSE:T - Get Free Report) last posted its earnings results on Wednesday, January 28th. The technology company reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.06. AT&T had a net margin of 17.47% and a return on equity of 12.33%. The firm had revenue of $33.47 billion during the quarter, compared to analysts' expectations of $32.91 billion. During the same period in the previous year, the business posted $0.43 EPS. The business's revenue was up 3.6% compared to the same quarter last year. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. On average, equities analysts forecast that AT&T Inc. will post 2.14 EPS for the current year.

AT&T Company Profile

AT&T Inc is a global telecommunications company that provides a broad range of communications and digital entertainment services. Its core activities include consumer and business wireless services, broadband and fiber internet, and network infrastructure. The company operates branded wireless services through AT&T Mobility and deploys fixed-line and fiber networks to deliver high-speed internet and related home services.

AT&T's product and service portfolio spans mobile voice and data plans, smartphones and device sales, home internet (including fiber-to-the-home where available), and managed connectivity solutions for enterprise customers.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.