Scotiabank Has Lowered Expectations for AT&T (NYSE:T) Stock Price

AT&T (NYSE:T) had its price objective reduced by Scotiabank from $27.50 to $26.50 in a research note issued on Friday, Benzinga reports. The brokerage currently has a “sector perform” rating on the technology company’s stock. Scotiabank’s target price points to a potential upside of 6.58% from the stock’s previous close.

Several other equities research analysts have also commented on T. Royal Bank Of Canada cut their price objective on AT&T from $31.00 to $27.00 and set an “outperform” rating for the company in a research note on Monday, July 20th. BNP Paribas Exane raised shares of AT&T from a “neutral” rating to an “outperform” rating and upped their price objective for the company from $26.00 to $30.00 in a research note on Monday, September 21st. Wall Street Zen raised shares of AT&T from a “sell” rating to a “hold” rating in a research report on Saturday, June 20th. Argus decreased their price objective on AT&T from $33.00 to $30.00 and set a “buy” rating on the stock in a report on Thursday, July 23rd. Finally, Wells Fargo & Company increased their target price on shares of AT&T from $18.00 to $20.00 and gave the stock an “underweight” rating in a research note on Thursday, July 23rd. Twelve investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell 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 $29.11.

AT&T Trading Up 1.6%

Shares of NYSE:T opened at $24.86 on Friday. 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 stock has a market cap of $170.38 billion, a price-to-earnings ratio of 8.23, a PEG ratio of 1.22 and a beta of 0.25. The business has a 50-day moving average price of $25.05 and a 200-day moving average price of $24.66.

AT&T (NYSE:T) last posted its quarterly earnings results on Wednesday, July 22nd. The technology company reported $0.65 EPS for the quarter, beating the consensus estimate of $0.59 by $0.06. AT&T had a net margin of 16.94% and a return on equity of 12.86%. The company had revenue of $31.56 billion for the quarter, compared to analyst estimates of $31.80 billion. During the same period in the prior year, the company earned $0.54 earnings per share. The firm’s revenue was up 2.3% on a year-over-year basis. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. Equities analysts predict that AT&T will post 2.33 EPS for the current year.

Institutional Trading of AT&T

Hedge funds have recently added to or reduced their stakes in the company. Essex Bank raised its stake in AT&T by 2.5% during the 1st quarter. Essex Bank now owns 15,908 shares of the technology company’s stock worth $461,000 after acquiring an additional 385 shares during the period. Bar Harbor Wealth Management increased its stake in AT&T by 1.1% in the 1st quarter. Bar Harbor Wealth Management now owns 35,102 shares of the technology company’s stock worth $1,018,000 after buying an additional 386 shares in the last quarter. Hibernia Wealth Partners LLC raised its holdings in AT&T by 4.5% during the first quarter. Hibernia Wealth Partners LLC now owns 9,105 shares of the technology company’s stock valued at $264,000 after acquiring an additional 392 shares during the period. M.E. Allison & CO. Inc. lifted its position in shares of AT&T by 0.5% in the second quarter. M.E. Allison & CO. Inc. now owns 76,978 shares of the technology company’s stock valued at $1,593,000 after acquiring an additional 397 shares in the last quarter. Finally, Accredited Investors Inc. lifted its position in shares of AT&T by 3.5% in the first quarter. Accredited Investors Inc. now owns 11,901 shares of the technology company’s stock valued at $345,000 after acquiring an additional 400 shares in the last quarter. Institutional investors and hedge funds own 57.10% of the company’s stock.

AT&T News Summary

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

• Positive Sentiment: AT&T announced promotions for the new iPhone lineup, offering eligible new and existing customers up to $1,200 off with a trade-in. The offer could support subscriber retention and upgrade activity, although the cost of device subsidies may weigh on margins. AT&T Delivers Value, Choice, and Flexibility with the New iPhone Duo
• Positive Sentiment: AT&T’s new fiber joint venture with Global Infrastructure Partners and CPP Investments remains a potential value driver. The platform aims to reach more than 60 million locations by 2030, while AT&T expects cash proceeds that can support debt reduction, network investment and shareholder returns. Is AT&T Still Undervalued As Its New Fiber Venture Expands Reach?
• Neutral Sentiment: Some analysts view the recent selloff in AT&T and other telecom stocks as a buying opportunity, citing relatively attractive valuations and dividend income. However, this is an opinion rather than a new earnings catalyst. Why AT&T and Telecom Stocks’ SpaceX Slump Is a Buying Opportunity
• Neutral Sentiment: Unusually heavy call-option activity suggests some traders are positioning for a rebound, but options volume does not change AT&T’s underlying fundamentals.
• Negative Sentiment: The main pressure comes from SpaceX receiving regulatory approval and acquiring spectrum that could enable satellite-to-phone connectivity. Investors fear this may increase competition for wireless carriers and reduce the value of their traditional network advantages. SpaceX Deal to Acquire Spectrum License Hammers Shares of AT&T, Verizon and T-Mobile
• Negative Sentiment: Dividend-related trading and elevated Treasury yields are adding pressure to income-oriented telecom stocks. AT&T also lacks a fresh operating update before its scheduled third-quarter earnings report on October 21.
• Negative Sentiment: A court-approved $177 million data-breach settlement creates an additional reputational and financial overhang, although the precise impact on AT&T’s results is not yet clear. AT&T’s $177 Million Data Breach Settlement Approved

About AT&T

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.