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

Shares of AT&T Inc. (NYSE:T) have been given an average recommendation of “Moderate Buy” by the eighteen brokerages that are covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and twelve have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $29.20.

T has been the topic of a number of research reports. Royal Bank Of Canada dropped their target price on AT&T from $31.00 to $27.00 and set an “outperform” rating on the stock in a report on Monday, July 20th. Wolfe Research upgraded AT&T from a “peer perform” rating to an “outperform” rating and set a $29.00 target price on the stock in a report on Thursday, July 23rd. Wall Street Zen raised shares of AT&T from a “sell” rating to a “hold” rating in a research report on Saturday, June 20th. The Goldman Sachs Group set a $30.00 price objective on AT&T in a research report on Wednesday, July 22nd. Finally, TD Cowen lifted their price target on AT&T from $32.00 to $33.00 and gave the stock a “hold” rating in a research report on Thursday, July 23rd.

AT&T Stock Performance

T opened at $25.39 on Friday. The business has a fifty day simple moving average of $24.85 and a 200-day simple moving average of $24.86. The firm has a market cap of $173.98 billion, a PE ratio of 8.41, a P/E/G ratio of 1.26 and a beta of 0.25. AT&T has a fifty-two week low of $19.89 and a fifty-two week high of $29.43. 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 (NYSE:T) last posted 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. The firm had revenue of $31.56 billion for the quarter, compared to the consensus estimate of $31.80 billion. AT&T had a return on equity of 12.86% and a net margin of 16.94%.The business’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.54 EPS. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. As a group, equities analysts predict that AT&T will post 2.33 EPS for the current fiscal year.

AT&T Dividend Announcement

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 given a dividend of $0.2775 per share. The ex-dividend date of this dividend is Friday, October 9th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.4%. AT&T’s dividend payout ratio is currently 36.75%.

Trending Headlines about AT&T

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

• Positive Sentiment: AT&T’s board reaffirmed its quarterly common-stock dividend of $0.2775 per share, or $1.11 annualized, representing an indicated yield of approximately 4.4%. The dividend is payable November 2 to shareholders of record October 12, providing continued support for income-focused investors. AT&T Declares Dividends on Common and Preferred Shares
• Positive Sentiment: The company expanded its partnership with the Dallas Cowboys to upgrade AT&T Stadium’s connectivity and fan technology, including smarter wayfinding, immersive video, mixed reality and AI-driven engagement. The venue could serve as a showcase for AT&T’s network capabilities and a testbed for connected-venue services. Does AT&T’s Dividend Reaffirmation And Cowboys Deal Signal A Stable Strategy For T’s Future?
• Positive Sentiment: AT&T continues to receive constructive Wall Street sentiment, with brokerage analysts assigning an average “Moderate Buy” recommendation. AT&T Receives Average Recommendation of Moderate Buy
• Neutral Sentiment: KeyBanc maintained a steady view of AT&T while cutting Comcast to Underweight because of broadband subscriber losses. The relative strength of fiber-focused carriers may benefit AT&T’s competitive positioning, although the report did not provide a new company-specific upgrade or target. Comcast Slips as KeyBanc Cuts to Underweight
• Negative Sentiment: The dividend announcement is a reaffirmation rather than an increase, limiting its immediate upside impact. In addition, elevated interest rates can make high-yield telecom shares less attractive relative to bonds and other income investments.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of T. Bank of America Corp DE bought a new position in shares of AT&T during the 2nd quarter worth about $2,310,898,000. Norges Bank acquired a new position in shares of AT&T in the 4th quarter worth approximately $2,181,977,000. GQG Partners LLC acquired a new position in AT&T in the second quarter worth $1,223,364,000. Legal & General Group Plc acquired a new position in AT&T during the 2nd quarter worth about $960,695,000. Finally, State Street Corp lifted its position in shares of AT&T by 5.8% during the second quarter. State Street Corp now owns 334,273,613 shares of the technology company’s stock worth $6,919,464,000 after purchasing an additional 18,468,679 shares in the last quarter. 57.10% of the stock is currently owned by institutional investors and hedge funds.

About AT&T

AT&T Inc (NYSE:T) is a telecommunications company that provides wireless communications, broadband internet, voice, and related connectivity services. Its offerings include mobile phone and data plans, fiber-optic internet, fixed wireless access, traditional voice services, and networking solutions for businesses and government customers.

The company serves consumers, businesses, and public-sector organizations primarily across the United States. AT&T also provides wireless services in Mexico and operates extensive communications networks that support mobile connectivity, internet access, data transmission, and enterprise communications.

AT&T traces its history to the development of the Bell System and has evolved through a series of reorganizations and acquisitions.