AT&T Inc. (NYSE:T) Stock Has Average Target Price of $29.05 According to Brokerages

Shares of AT&T Inc. (NYSE:T) have been given a consensus recommendation of “Moderate Buy” by the nineteen brokerages that are covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have given a buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $28.55.

T has been the topic of a number of recent analyst reports. Morgan Stanley cut their price objective on AT&T from $28.00 to $25.00 and set an “overweight” rating on the stock in a research report on Thursday. JPMorgan Chase & Co. decreased their target price on AT&T from $33.00 to $31.00 and set an “overweight” rating for the company in a report on Thursday. Barclays dropped their price target on AT&T from $24.00 to $21.00 and set an “equal weight” rating for the company in a research note on Thursday. Wolfe Research upgraded shares of AT&T from a “peer perform” rating to an “outperform” rating and set a $29.00 price target on the stock in a report on Thursday, July 23rd. Finally, KeyCorp cut their price target on shares of AT&T from $36.00 to $33.00 and set an “overweight” rating on the stock in a report on Thursday.

AT&T Stock Down 7.8%

NYSE T opened at $20.96 on Tuesday. AT&T has a 1 year low of $19.89 and a 1 year high of $29.43. The stock has a market capitalization of $141.23 billion, a PE ratio of 11.33, a PEG ratio of 1.05 and a beta of 0.25. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.87 and a quick ratio of 0.93. The business’s 50-day moving average is $24.78 and its 200 day moving average is $24.23.

AT&T (NYSE:T) last released its quarterly earnings results on Wednesday, October 21st. The technology company reported $0.65 EPS for the quarter, beating analysts’ consensus estimates of $0.60 by $0.05. AT&T had a return on equity of 13.41% and a net margin of 10.19%. The business had revenue of $32.32 billion during the quarter, compared to analyst estimates of $31.69 billion. During the same quarter in the prior year, the company posted $0.54 EPS. AT&T’s quarterly revenue was up 5.2% compared to the same quarter last year. Sell-side analysts forecast that AT&T will post 2.39 earnings per share for the current year.

AT&T Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, November 2nd. Stockholders of record on Monday, October 12th will be given a $0.2775 dividend. This represents a $1.11 annualized dividend and a dividend yield of 5.3%. The ex-dividend date of this dividend is Friday, October 9th. AT&T’s dividend payout ratio (DPR) is currently 60.00%.

Institutional Investors Weigh In On AT&T

A number of large investors have recently modified their holdings of the stock. Apollon Wealth Management LLC grew its position in AT&T by 14.2% in the third quarter. Apollon Wealth Management LLC now owns 290,818 shares of the technology company’s stock worth $7,096,000 after acquiring an additional 36,131 shares in the last quarter. Tower View Wealth Management LLC increased its stake in AT&T by 396.7% during the third quarter. Tower View Wealth Management LLC now owns 5,652 shares of the technology company’s stock worth $138,000 after acquiring an additional 4,514 shares during the last quarter. Samalin Investment Counsel LLC increased its stake in AT&T by 5.9% during the third quarter. Samalin Investment Counsel LLC now owns 21,413 shares of the technology company’s stock worth $522,000 after acquiring an additional 1,200 shares during the last quarter. Revolve Wealth Partners LLC raised its position in AT&T by 18.8% during the third quarter. Revolve Wealth Partners LLC now owns 19,963 shares of the technology company’s stock valued at $487,000 after purchasing an additional 3,158 shares during the period. Finally, Brandywine Oak Private Wealth LLC raised its position in AT&T by 23.0% during the third quarter. Brandywine Oak Private Wealth LLC now owns 14,318 shares of the technology company’s stock valued at $349,000 after purchasing an additional 2,681 shares during the period. Institutional investors own 57.10% of the company’s stock.

Key Headlines Impacting AT&T

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

• Positive Sentiment: AT&T reported third-quarter adjusted earnings of $0.65 per share and revenue of $32.32 billion, exceeding consensus estimates of $0.60 and $31.69 billion, respectively. Revenue increased roughly 5% year over year. AT&T Stock Sinks on Subscriber and SpaceX Worries
• Positive Sentiment: Analysts continue to see long-term value in the stock. Argus reaffirmed a Buy rating with a $30 price target, while JPMorgan maintained an Overweight rating at $31; Erste Group also modestly raised its 2026 EPS estimate to $2.35. Argus AT&T rating
• Neutral Sentiment: Citi estimates that SpaceX’s Starlink wireless service may not launch nationally until 2029 or later, but reported talks to secure access to as many as 80,000 U.S. cell sites could accelerate the competitive timeline. Starlink Is Years Away From Competing With AT&T
• Negative Sentiment: SpaceX’s potential entry as a fourth nationwide wireless carrier raised fears of greater pricing pressure, subscriber losses and higher network costs for AT&T, Verizon and T-Mobile. Tower operators benefited because SpaceX may become a major tenant, while telecom carriers sold off. AT&T Slides on SpaceX Cell-Site Talks
• Negative Sentiment: Investors also remain concerned about AT&T’s subscriber trends, elevated leverage and margin pressure. The company’s plan to reduce planned capital spending by roughly $1 billion in 2027–28 while maintaining its 2030 fiber goal may support cash flow, but introductory pricing could weigh on fiber economics. AT&T Q3 Earnings Call and Fiber Strategy

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.