Scotiabank Cuts AT&T (NYSE:T) Price Target to $29.25

AT&T (NYSE:T) had its target price reduced by Scotiabank from $31.00 to $29.25 in a report issued on Wednesday, MarketBeat reports. They currently have a sector perform rating on the technology company’s stock.

Several other research firms have also recently issued reports on T. KeyCorp upped their price objective on AT&T from $30.00 to $36.00 and gave the company an “overweight” rating in a research report on Wednesday, March 25th. BNP Paribas Exane decreased their price target on AT&T from $28.00 to $26.00 and set a “neutral” rating for the company in a research note on Thursday, April 23rd. Morgan Stanley lowered their price target on AT&T from $30.00 to $25.00 and set an “overweight” rating on the stock in a report on Tuesday, July 7th. Citigroup increased their price objective on AT&T from $29.00 to $31.50 and gave the company a “buy” rating in a research report on Monday, March 23rd. Finally, Sanford C. Bernstein reissued an “outperform” rating and issued a $25.00 target price on shares of AT&T in a research report on Monday. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $29.34.

AT&T Stock Performance

Shares of T stock opened at $21.79 on Wednesday. The company has a market capitalization of $151.38 billion, a price-to-earnings ratio of 7.31, a price-to-earnings-growth ratio of 0.87 and a beta of 0.24. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.87 and a current ratio of 0.92. AT&T has a one year low of $19.89 and a one year high of $29.79. The company’s 50-day moving average is $22.98 and its 200 day moving average is $25.30.

AT&T (NYSE:T) last issued its earnings results on Wednesday, April 22nd. The technology company reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.02. The business had revenue of $31.51 billion during the quarter, compared to analysts’ expectations of $31.29 billion. AT&T had a net margin of 16.94% and a return on equity of 12.49%. The business’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.51 earnings per share. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. Sell-side analysts expect that AT&T will post 2.32 EPS for the current fiscal year.

AT&T Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, August 3rd. Stockholders of record on Friday, July 10th will be issued a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a dividend yield of 5.1%. The ex-dividend date of this dividend is Friday, July 10th. AT&T’s dividend payout ratio is presently 37.25%.

Institutional Trading of AT&T

Hedge funds have recently bought and sold shares of the company. Tsfg LLC boosted its holdings in shares of AT&T by 3.6% in the 4th quarter. Tsfg LLC now owns 10,656 shares of the technology company’s stock valued at $265,000 after purchasing an additional 366 shares during the last quarter. Lifestyle Asset Management Inc. increased its holdings in shares of AT&T by 3.6% during the 4th quarter. Lifestyle Asset Management Inc. now owns 10,511 shares of the technology company’s stock worth $261,000 after buying an additional 368 shares during the last quarter. Hillsdale Investment Management Inc. increased its holdings in shares of AT&T by 1.2% during the 4th quarter. Hillsdale Investment Management Inc. now owns 31,970 shares of the technology company’s stock worth $794,000 after buying an additional 370 shares during the last quarter. Bruce G. Allen Investments LLC raised its position in shares of AT&T by 1.7% in the 4th quarter. Bruce G. Allen Investments LLC now owns 22,398 shares of the technology company’s stock worth $556,000 after buying an additional 374 shares during the period. Finally, Rockline Wealth Management LLC raised its position in shares of AT&T by 3.8% in the 4th quarter. Rockline Wealth Management LLC now owns 10,445 shares of the technology company’s stock worth $259,000 after buying an additional 378 shares during the period. Hedge funds and other institutional investors own 57.10% of the company’s stock.

More AT&T News

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

• Positive Sentiment: Analysts have recently raised earnings estimates for AT&T, and several firms maintain price targets well above the current share price, including a new $29.25 target from Scotiabank and a median target around $25.50. This suggests Wall Street still sees upside if execution stays on track. Analysts Set AT&T Inc. (NYSE:T) Target Price at $29.68
• Positive Sentiment: Erste Group Bank lifted its FY2026 and FY2027 EPS estimates for AT&T, reinforcing expectations that earnings remain stable and could support valuation ahead of the report.
• Positive Sentiment: AT&T said its AI-based network outage prevention system cut customer downtime by more than 12 million hours, highlighting improving network reliability and a potential operational advantage. AT&T built an AI system to prevent network outages. It reduced customer downtime by more than 12 million hours
• Positive Sentiment: Recent commentary ahead of earnings points to continued expansion in fiber, enterprise connectivity, and connected-car offerings, which could help offset slower growth in wireless.
• Neutral Sentiment: Investor and hedge-fund activity appears mixed: some large funds have added to AT&T, while others reduced exposure, suggesting the name remains widely watched but not universally favored.
• Neutral Sentiment: AT&T also disclosed modest lobbying activity tied to telecom regulation, broadband support, and spectrum issues. That is important for the business, but it is not a near-term earnings catalyst.
• Negative Sentiment: Competition in telecom remains intense, and several recent articles emphasize that AT&T still has questions to answer on growth and execution heading into earnings. That uncertainty is likely weighing on shares.
• Negative Sentiment: Some analyst targets remain below the current trading range, including recent calls from Wells Fargo and Scotiabank in the high teens to low $20s, showing that not all analysts believe the rally is fully justified.

About AT&T

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.