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

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

Several other analysts also recently issued reports on T. Royal Bank Of Canada reissued an “outperform” rating and issued a $31.00 price target on shares of AT&T in a research report on Wednesday, May 20th. BNP Paribas Exane dropped their price objective on shares of AT&T from $28.00 to $26.00 and set a “neutral” rating on the stock in a research note on Thursday, April 23rd. Oppenheimer cut shares of AT&T from an “outperform” rating to a “market perform” rating in a report on Wednesday, June 3rd. Citigroup boosted their target price on shares of AT&T from $29.00 to $31.50 and gave the stock a “buy” rating in a research report on Monday, March 23rd. Finally, Weiss Ratings lowered shares of AT&T from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, May 29th. One research 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. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $30.23.

AT&T Stock Up 2.0%

NYSE:T traded up $0.41 on Tuesday, hitting $21.00. The stock had a trading volume of 14,019,125 shares, compared to its average volume of 47,211,688. The business’s fifty day moving average is $23.89 and its 200 day moving average is $25.52. The company has a market cap of $145.88 billion, a PE ratio of 7.07, a P/E/G ratio of 0.84 and a beta of 0.24. The company has a quick ratio of 0.87, a current ratio of 0.92 and a debt-to-equity ratio of 1.05. AT&T has a 52 week low of $19.89 and a 52 week high of $29.79.

AT&T (NYSE:T) last released its quarterly earnings data on Wednesday, April 22nd. The technology company reported $0.57 EPS for the quarter, beating the consensus estimate of $0.55 by $0.02. AT&T had a return on equity of 12.49% and a net margin of 16.94%.The firm had revenue of $31.51 billion during the quarter, compared to the consensus estimate of $31.29 billion. During the same quarter in the previous year, the company posted $0.51 earnings per share. The company’s quarterly revenue was up 2.9% on a year-over-year basis. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. On average, equities research analysts expect that AT&T will post 2.31 EPS for the current fiscal year.

Institutional Trading of AT&T

Several institutional investors have recently made changes to their positions in T. Norges Bank purchased a new position in AT&T during the fourth quarter worth about $2,181,977,000. Amundi increased its stake in AT&T by 67.5% in the 3rd quarter. Amundi now owns 42,295,492 shares of the technology company’s stock valued at $1,094,184,000 after buying an additional 17,040,328 shares during the last quarter. Alyeska Investment Group L.P. lifted its position in shares of AT&T by 620.8% during the 4th quarter. Alyeska Investment Group L.P. now owns 11,891,778 shares of the technology company’s stock worth $295,392,000 after buying an additional 10,241,949 shares in the last quarter. State Street Corp lifted its position in shares of AT&T by 2.6% during the 4th quarter. State Street Corp now owns 332,089,723 shares of the technology company’s stock worth $8,249,109,000 after buying an additional 8,314,678 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its position in shares of AT&T by 49.2% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 25,155,597 shares of the technology company’s stock worth $624,865,000 after buying an additional 8,297,201 shares in the last quarter. 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.