Morgan Stanley Issues Pessimistic Forecast for AT&T (NYSE:T) Stock Price

AT&T (NYSE:T) had its target price reduced by equities researchers at Morgan Stanley from $30.00 to $25.00 in a research note issued on Tuesday,Benzinga reports. The firm currently has an “overweight” rating on the technology company’s stock. Morgan Stanley’s price target suggests a potential upside of 19.08% from the company’s current price.

A number of other analysts also recently issued reports on T. Arete Research upgraded shares of AT&T from a “sell” rating to a “neutral” rating and set a $28.00 price objective for the company in a report on Tuesday, March 10th. Royal Bank Of Canada reissued an “outperform” rating and set a $31.00 target price on shares of AT&T in a research report on Wednesday, May 20th. Citigroup raised their price target on shares of AT&T from $29.00 to $31.50 and gave the stock a “buy” rating in a research note on Monday, March 23rd. Weiss Ratings lowered shares of AT&T from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, May 29th. Finally, BNP Paribas Exane lowered their price target on shares of AT&T from $28.00 to $26.00 and set a “neutral” rating on the stock in a report on Thursday, April 23rd. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $30.23.

AT&T Stock Performance

NYSE:T traded up $0.41 during trading on Tuesday, reaching $21.00. The company’s stock had a trading volume of 14,019,125 shares, compared to its average volume of 47,211,688. AT&T has a 12 month low of $19.89 and a 12 month high of $29.79. The firm has a market cap of $145.88 billion, a price-to-earnings ratio of 7.07, a price-to-earnings-growth ratio of 0.84 and a beta of 0.24. The firm has a 50 day moving average of $23.89 and a 200-day moving average of $25.52. 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 (NYSE:T) last released its earnings results on Wednesday, April 22nd. The technology company reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.55 by $0.02. The company had revenue of $31.51 billion for the quarter, compared to analysts’ expectations of $31.29 billion. AT&T had a return on equity of 12.49% and a net margin of 16.94%.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 business posted $0.51 EPS. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. Research analysts expect that AT&T will post 2.31 EPS for the current fiscal year.

Hedge Funds Weigh In On AT&T

Several large investors have recently modified their holdings of the business. Rachor Investment Advisory Services LLC purchased a new stake in shares of AT&T during the 4th quarter valued at approximately $25,000. Safe Harbor Fiduciary LLC purchased a new position in AT&T in the 4th quarter valued at approximately $25,000. Cresta Advisors Ltd. purchased a new position in AT&T in the 4th quarter valued at approximately $26,000. Blueline Advisors LLC purchased a new position in AT&T in the 4th quarter valued at approximately $26,000. Finally, Winnow Wealth LLC raised its holdings in AT&T by 362.8% during the 4th quarter. Winnow Wealth LLC now owns 1,046 shares of the technology company’s stock valued at $26,000 after acquiring an additional 820 shares during the period. Hedge funds and other institutional investors own 57.10% of the company’s stock.

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.