AT&T (NYSE:T) Stock Gets Price Target Trim from Scotiabank

by · The Markets Daily

AT&T (NYSE:T – Free Report) had its target price trimmed by Scotiabank from $27.50 to $26.50 in a research note issued to investors on Friday, Marketbeat reports. The firm currently has a sector perform rating on the technology company’s stock.

A number of other brokerages have also issued reports on T. The Goldman Sachs Group set a $30.00 price target on AT&T in a research report on Wednesday, July 22nd. Argus decreased their price target on AT&T from $33.00 to $30.00 and set a “buy” rating for the company in a research note on Thursday, July 23rd. Wolfe Research raised 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. BNP Paribas Exane upgraded shares of AT&T from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $26.00 to $30.00 in a research note on Monday, September 21st. Finally, Royal Bank Of Canada cut their price objective on shares of AT&T from $31.00 to $27.00 and set an “outperform” rating on the stock in a research note on Monday, July 20th. Twelve equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $29.11.

Read Our Latest Stock Report on T

AT&T Stock Performance

T opened at $22.18 on Friday. The business’s 50 day moving average is $25.02 and its 200-day moving average is $24.61. The stock has a market cap of $151.97 billion, a PE ratio of 7.34, a price-to-earnings-growth ratio of 1.11 and a beta of 0.25. The company has a current ratio of 0.97, a quick ratio of 0.93 and a debt-to-equity ratio of 1.06. AT&T has a twelve month low of $19.89 and a twelve month high of $29.43.

AT&T (NYSE:T – Get Free Report) last issued its quarterly earnings data on Wednesday, July 22nd. The technology company reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.59 by $0.06. AT&T had a return on equity of 12.86% and a net margin of 16.94%. The business had revenue of $31.56 billion during the quarter, compared to the consensus estimate of $31.80 billion. During the same period in the previous year, the firm posted $0.54 earnings per share. The business’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. On average, analysts predict that AT&T will post 2.33 earnings per share for the current year.

AT&T Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 2nd. Stockholders of record on Monday, October 12th will be issued a $0.2775 dividend. The ex-dividend date is Friday, October 9th. This represents a $1.11 annualized dividend and a dividend yield of 5.0%. AT&T’s dividend payout ratio (DPR) is 36.75%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in T. HF Advisory Group LLC increased its stake in AT&T by 16.9% during the third quarter. HF Advisory Group LLC now owns 154,318 shares of the technology company’s stock valued at $3,765,000 after acquiring an additional 22,310 shares during the period. Dupree Financial Group LLC raised its holdings in AT&T by 0.6% in the 3rd quarter. Dupree Financial Group LLC now owns 144,188 shares of the technology company’s stock valued at $3,518,000 after acquiring an additional 867 shares in the last quarter. Valley Wealth Managers Inc. raised its holdings in AT&T by 3.3% in the 3rd quarter. Valley Wealth Managers Inc. now owns 188,989 shares of the technology company’s stock valued at $4,611,000 after acquiring an additional 6,000 shares in the last quarter. Atlas Brown Inc. lifted its position in shares of AT&T by 1.6% in the 3rd quarter. Atlas Brown Inc. now owns 61,240 shares of the technology company’s stock worth $1,494,000 after acquiring an additional 981 shares during the period. Finally, Castleview Partners LLC lifted its position in shares of AT&T by 13.4% in the 3rd quarter. Castleview Partners LLC now owns 39,751 shares of the technology company’s stock worth $970,000 after acquiring an additional 4,706 shares during the period. Institutional investors and hedge funds own 57.10% of the company’s stock.

Key AT&T News

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

  • Positive Sentiment: AT&T launched promotional offers for the new iPhone Duo, including up to $1,200 off with an eligible trade-in. The offer could support device sales, customer retention, and subscriber additions. AT&T iPhone Duo announcement
  • Positive Sentiment: AT&T’s new fiber joint venture with Global Infrastructure Partners and CPP Investments is intended to expand the wholesale network to more than 60 million locations by 2030. AT&T expects proceeds that could help reduce debt, fund network investment, and return capital to shareholders. AT&T fiber venture analysis
  • Positive Sentiment: Although Scotiabank lowered its price target from $27.50 to $26.50 and maintained a sector-perform rating, the revised target remains materially above recent trading levels, indicating potential valuation support.
  • Neutral Sentiment: Recent trading has also reflected dividend-related timing, elevated Treasury yields, and a lack of fresh company-specific catalysts before AT&T’s scheduled third-quarter earnings report on October 21. AT&T has reiterated its financial outlook.
  • Negative Sentiment: SpaceX agreed to acquire nationwide low-band spectrum for Starlink Mobile, giving it a clearer path to provide satellite-to-phone connectivity without relying entirely on traditional carriers. Investors fear the move could intensify competition, pressure wireless pricing, and slow subscriber or revenue growth at AT&T. SpaceX spectrum deal coverage
  • Negative Sentiment: AT&T also faces a $177 million approved settlement related to a data breach, adding a legal and reputational overhang, although the immediate stock reaction is being driven primarily by SpaceX competition concerns. AT&T data breach settlement

About AT&T

(Get Free Report)

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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