AT&T (NYSE:T) Stock Gets Price Target Reduction from KeyCorp

AT&T (NYSE:T) had its target price lowered by KeyCorp from $36.00 to $33.00 in a research report sent to investors on Thursday morning, MarketBeat Ratings reports. The firm currently has an overweight rating on the technology company’s stock.

Other equities analysts also recently issued research reports about the company. Royal Bank Of Canada reduced their price target on AT&T from $31.00 to $27.00 and set an “outperform” rating for the company in a research report on Monday, July 20th. TD Cowen raised their price target on shares of AT&T from $32.00 to $33.00 and gave the stock a “hold” rating in a research note on Thursday, July 23rd. Argus lowered their price objective on shares of AT&T from $33.00 to $30.00 and set a “buy” rating on the stock in a report on Thursday, July 23rd. Scotiabank cut their price objective on shares of AT&T from $27.50 to $26.50 and set a “sector perform” rating on the stock in a research report on Friday, October 9th. Finally, Morgan Stanley cut their price objective on shares of AT&T from $28.00 to $25.00 and set an “overweight” rating on the stock in a research report on Thursday. Twelve equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, AT&T has an average rating of “Moderate Buy” and an average target price of $28.55.

AT&T Stock Performance

Shares of AT&T stock opened at $20.96 on Thursday. 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 firm has a market cap of $141.23 billion, a price-to-earnings ratio of 11.33, a price-to-earnings-growth ratio of 1.05 and a beta of 0.25. The stock’s 50-day moving average is $24.78 and its 200-day moving average is $24.23. AT&T has a one year low of $19.89 and a one year high of $29.43.

AT&T (NYSE:T) last posted its quarterly earnings data on Wednesday, October 21st. The technology company reported $0.65 earnings per share (EPS) for the quarter, topping 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 the consensus estimate of $31.69 billion. During the same period last year, the company earned $0.54 earnings per share. AT&T’s quarterly revenue was up 5.2% on a year-over-year basis. Equities analysts predict that AT&T will post 2.39 earnings per share for the current fiscal year.

AT&T Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, November 2nd. Investors of record on Monday, October 12th will be given a $0.2775 dividend. 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 5.3%. AT&T’s payout ratio is currently 60.00%.

Institutional Trading of AT&T

Several institutional investors and hedge funds have recently bought and sold shares of T. Bank of America Corp DE acquired a new stake in AT&T in the second quarter valued at $2,310,898,000. GQG Partners LLC bought a new position in shares of AT&T in the 2nd quarter valued at about $1,223,364,000. Legal & General Group Plc bought a new position in shares of AT&T in the 2nd quarter valued at about $960,695,000. State Street Corp increased its stake in shares of AT&T by 5.8% during the 2nd 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 during the last quarter. Finally, Nykredit A S acquired a new position in shares of AT&T during the 2nd quarter worth about $259,954,000. Institutional investors own 57.10% of the company’s stock.

Trending Headlines about 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.