AT&T Inc. (NYSE:T) Stock Has Consensus Target Price of $29.05

Key Points

• Analysts remain moderately bullish on AT&T: Eighteen firms give the stock a consensus “Moderate Buy” rating, with 11 buys, six holds and one sell. The average 12-month price target is $29.05 versus the reported share price of $23.23.
• AT&T offers income and valuation appeal: The company declared a quarterly dividend of $0.2775 per share, implying a 4.8% annualized yield, while its reported P/E ratio is 7.69. Its latest quarterly EPS of $0.65 exceeded the $0.59 consensus estimate, although revenue fell slightly short of expectations.
• Growth initiatives face competitive risks: Partnerships with the NBA and WNBA, service guarantees and bundled fiber-and-wireless offerings could support retention and recurring revenue. However, SpaceX’s reported $8 billion spectrum deal is raising concerns about intensified wireless competition.

Shares of AT&T Inc. (NYSE:T - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the eighteen research firms that are presently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have assigned a buy rating to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $29.05.

A number of research firms recently commented on T. Weiss Ratings upgraded AT&T from a "hold (c+)" rating to a "buy (b-)" rating in a report on Monday, August 3rd. Scotiabank lowered their price target on AT&T from $27.50 to $26.50 and set a "sector perform" rating on the stock in a research report on Friday, October 9th. Argus dropped their price objective 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. BNP Paribas Exane raised AT&T from a "neutral" rating to an "outperform" rating and raised their price objective for the company from $26.00 to $30.00 in a research report on Monday, September 21st. Finally, The Goldman Sachs Group set a $30.00 price objective on AT&T in a research report on Wednesday, July 22nd.

Key Stories Impacting AT&T

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

• Positive Sentiment: AT&T, the NBA and WNBA launched a fourth-generation High-Speed Arena Network under a multiyear extension of AT&T’s role as official connectivity partner. The platform will support live content, replays, statistics and arena operations, reinforcing AT&T’s enterprise-networking credentials and league relationships. AT&T, NBA and WNBA Launch Next-Generation Network Built for the Future of Basketball
• Positive Sentiment: The company is expanding its AT&T Guarantee and pursuing partnerships involving sports leagues, utilities and bundled connectivity. These efforts could improve service reliability, reduce churn and increase recurring revenue, although the near-term financial impact remains unclear. Service Guarantees And League Deals Could Change The Case For AT&T Stock
• Positive Sentiment: AT&T continues to attract income-focused investors because of its defensive phone and broadband operations, valuation and dividend profile. Analysts also point to potential benefits from bundling fiber with wireless, which may support customer retention and long-term cash flow. 5 High-Yield Stocks to Buy Now Before Your Retirement Starts
• Neutral Sentiment: AT&T’s planned retirement of long-serving executive Lori M. Lee at the end of 2026 adds a management-transition consideration, but no immediate operational change or successor-related concern was identified. Broader technology earnings are also shaping market sentiment, though they have no direct company-specific read-through for AT&T. This Week's Tech Earnings Could Be a Validation Moment for the AI Trade
• Negative Sentiment: SpaceX’s reported $8 billion spectrum deal is raising concerns about intensified competition in wireless. The development pressured major telecom shares as investors assess whether SpaceX could challenge incumbent carriers’ pricing, market share or network economics. SpaceX's Spectrum Deal Hits Telecom Stocks but Gives Tower REITs a New Opportunity

AT&T Stock Performance

Shares of T opened at $23.23 on Tuesday. The firm has a 50-day moving average of $24.96 and a 200-day moving average of $24.37. AT&T has a one year low of $19.89 and a one year high of $29.43. The company has a market cap of $159.20 billion, a PE ratio of 7.69, a price-to-earnings-growth ratio of 1.14 and a beta of 0.25. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.97 and a quick ratio of 0.93.

AT&T (NYSE:T - Get Free Report) last released its quarterly earnings data on Wednesday, July 22nd. The technology company reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.59 by $0.06. The company 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%. AT&T's revenue for the quarter was up 2.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.54 EPS. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. As a group, equities analysts forecast that AT&T will post 2.33 earnings per share for the current year.

AT&T Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 2nd. Investors of record on Monday, October 12th will be issued a dividend of $0.2775 per share. The ex-dividend date of this dividend is Friday, October 9th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.8%. AT&T's payout ratio is presently 36.75%.

Institutional Investors Weigh In On AT&T

Several hedge funds have recently added to or reduced their stakes in the business. Bank of America Corp DE acquired a new stake in AT&T during the second quarter worth about $2,310,898,000. GQG Partners LLC acquired a new position in shares of AT&T in the 2nd quarter valued at approximately $1,223,364,000. Legal & General Group Plc acquired a new position in shares of AT&T in the 2nd quarter valued at approximately $960,695,000. State Street Corp raised its position in shares of AT&T by 5.8% in the 2nd quarter. State Street Corp now owns 334,273,613 shares of the technology company's stock valued at $6,919,464,000 after buying an additional 18,468,679 shares in the last quarter. Finally, Nykredit A S bought a new stake in shares of AT&T during the 2nd quarter worth approximately $259,954,000. Institutional investors and hedge funds 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, 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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