AT&T Inc. (NYSE:T) Stock Has Average Target Price of $29.20

Shares of AT&T Inc. (NYSE:T) have received a consensus recommendation of “Moderate Buy” from the eighteen ratings firms that are presently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and twelve have issued a buy recommendation on the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $29.25.

Several analysts have recently commented on T shares. Sanford C. Bernstein reissued an “outperform” rating and issued a $25.00 price objective on shares of AT&T in a research note on Monday, July 13th. Argus cut their target price on AT&T from $33.00 to $30.00 and set a “buy” rating on the stock in a research report on Thursday, July 23rd. Wolfe Research upgraded AT&T from a “peer perform” rating to an “outperform” rating and set a $29.00 price target for the company in a report on Thursday, July 23rd. Wells Fargo & Company increased their price target on AT&T from $18.00 to $20.00 and gave the company an “underweight” rating in a research report on Thursday, July 23rd. Finally, BNP Paribas Exane upgraded 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 note on Monday, September 21st.

AT&T Stock Down 1.5%

Shares of NYSE T opened at $24.52 on Friday. The stock has a market capitalization of $168.01 billion, a P/E ratio of 8.12, a P/E/G ratio of 1.24 and a beta of 0.25. The company has a 50-day moving average price of $24.95 and a 200-day moving average price of $24.82. AT&T has a 1 year low of $19.89 and a 1 year high of $29.43. 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) last posted its earnings results on Wednesday, July 22nd. The technology company reported $0.65 earnings per share for the quarter, topping analysts’ consensus estimates 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 quarter in the prior year, the business posted $0.54 EPS. The firm’s revenue was up 2.3% compared to the same quarter last year. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. On average, equities research analysts forecast that AT&T will post 2.33 EPS for the current fiscal year.

AT&T Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, November 2nd. Stockholders of record on Monday, October 12th will be paid a $0.2775 dividend. The ex-dividend date is Friday, October 9th. This represents a $1.11 annualized dividend and a dividend yield of 4.5%. AT&T’s dividend payout ratio is presently 36.75%.

Trending Headlines about AT&T

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

• Positive Sentiment: AT&T signed a multi-year agreement valued at more than $3 billion with Corning to supply fiber and cable for network expansion. The investment is intended to bring faster internet to more customers and address rising data usage tied to broadband, mobile services and artificial-intelligence applications. While the deal implies substantial spending, it could strengthen AT&T’s long-term network capacity and support future revenue growth. AT&T signs over $3 billion fiber deal with Corning
• Positive Sentiment: BNP Paribas upgraded AT&T to Outperform and raised its price target from $26 to $30, citing a more rational wireless competitive environment, reduced handset subsidies and customer acceptance of rate increases. These factors could improve wireless service-revenue growth, average revenue per user and cash flow. Morgan Stanley also maintains an Overweight rating and raised its target to $28. Can AT&T Turn Higher ARPU Into Bigger Cash Flow?
• Neutral Sentiment: Analysts and financial commentators continue to describe AT&T as potentially undervalued after its substantial three-year rebound. Its low earnings multiple and roughly 4% dividend yield may attract income-oriented investors, although the stock’s muted recent performance suggests the market is waiting for stronger evidence of sustained earnings and cash-flow growth. AT&T Stock Looks Undervalued
• Negative Sentiment: Dividend investors have been warned that AT&T’s large network and infrastructure requirements could compete with dividend growth and debt reduction for cash. The more than $3 billion Corning commitment reinforces the need to monitor capital expenditures, leverage and free cash flow before assuming the dividend is a low-risk income opportunity. This Dividend Trap Is Yielding More Than 4%

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the company. Bank of America Corp DE bought a new stake in AT&T in the 2nd quarter worth about $2,310,898,000. Norges Bank purchased a new stake in AT&T in the 4th quarter valued at about $2,181,977,000. GQG Partners LLC bought a new position in shares of AT&T during the 2nd quarter worth approximately $1,223,364,000. Legal & General Group Plc bought a new position in shares of AT&T during the 2nd quarter worth approximately $960,695,000. Finally, State Street Corp boosted its stake 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 worth $6,919,464,000 after buying an additional 18,468,679 shares during the last quarter. 57.10% of the stock is owned by institutional investors.

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.