AT&T (NYSE:T) Price Target Raised to $31.50 at Scotiabank

AT&T (NYSE:T) had its target price raised by Scotiabank from $31.00 to $31.50 in a research note issued to investors on Wednesday,Benzinga reports. The firm presently has a “sector perform” rating on the technology company’s stock. Scotiabank’s target price would indicate a potential upside of 11.22% from the company’s previous close.

Several other brokerages have also issued reports on T. Loop Capital set a $29.00 price target on shares of AT&T in a research note on Friday, December 19th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $33.00 price objective on shares of AT&T in a research note on Thursday, January 29th. Barclays cut their price objective on shares of AT&T from $28.00 to $26.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 13th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $31.00 target price on shares of AT&T in a research note on Thursday, February 12th. Finally, Arete Research raised AT&T from a “sell” rating to a “neutral” rating and set a $28.00 price target on the stock in a research report on Tuesday, March 10th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $30.74.

AT&T Stock Down 2.3%

Shares of NYSE T traded down $0.67 during mid-day trading on Wednesday, hitting $28.32. 23,530,934 shares of the stock traded hands, compared to its average volume of 45,444,516. The company has a market cap of $197.80 billion, a price-to-earnings ratio of 9.29, a PEG ratio of 1.07 and a beta of 0.39. The stock has a fifty day moving average price of $27.42 and a 200-day moving average price of $26.21. AT&T has a 52 week low of $22.95 and a 52 week high of $29.79. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.86 and a current ratio of 0.91.

AT&T (NYSE:T) last posted its quarterly earnings data on Wednesday, January 28th. The technology company reported $0.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.46 by $0.06. The business had revenue of $33.47 billion during the quarter, compared to the consensus estimate of $32.91 billion. AT&T had a return on equity of 12.33% and a net margin of 17.47%.The firm’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.43 earnings per share. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. Research analysts anticipate that AT&T will post 2.14 EPS for the current year.

Hedge Funds Weigh In On AT&T

A number of hedge funds have recently added to or reduced their stakes in T. Csenge Advisory Group boosted its position in AT&T by 20.3% in the third quarter. Csenge Advisory Group now owns 189,293 shares of the technology company’s stock worth $5,346,000 after purchasing an additional 31,935 shares during the last quarter. Rhumbline Advisers increased its position in shares of AT&T by 0.4% during the 3rd quarter. Rhumbline Advisers now owns 12,810,872 shares of the technology company’s stock valued at $361,779,000 after purchasing an additional 49,727 shares during the last quarter. Wealthfront Advisers LLC increased its position in shares of AT&T by 4.9% during the 3rd quarter. Wealthfront Advisers LLC now owns 1,411,031 shares of the technology company’s stock valued at $39,848,000 after purchasing an additional 66,448 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its stake in shares of AT&T by 1.4% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 18,133,054 shares of the technology company’s stock worth $512,077,000 after purchasing an additional 248,567 shares during the period. Finally, Public Sector Pension Investment Board lifted its stake in shares of AT&T by 140.8% in the 3rd quarter. Public Sector Pension Investment Board now owns 2,888,630 shares of the technology company’s stock worth $81,575,000 after purchasing an additional 1,689,073 shares during the period. 57.10% of the stock is currently owned by hedge funds and other institutional investors.

AT&T News Roundup

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

• Positive Sentiment: OneConnect bundle could drive retention and simplify billing for device-heavy households, giving AT&T a clearer upsell path for fiber + wireless customers. AT&T Launches OneConnect, the First-Ever Single Subscription for Unlimited Connectivity
• Positive Sentiment: A renewed 25?year commitment on FirstNet with AT&T pledging up to $2B to upgrade the emergency network boosts long-term revenue visibility and accelerates 5G infrastructure deployment for public-safety customers. AT&T signs deal worth $2 billion to upgrade emergency cellular network
• Positive Sentiment: Institutional and analyst backing (Goldman Sachs reiteration / Ariel Fund activity) provides third?party validation of the growth story tied to fiber expansion and network convergence. AT&T’s OneConnect Launch: Simplified Fiber–Wireless Bundling Supports Market Share Gains and Buy Rating
• Neutral Sentiment: Regional divestitures — e.g., sale of Upper Peninsula wireline assets to UP Fiber — reduce legacy operating complexity but have limited near?term earnings impact. UP Fiber Acquires AT&T’s Upper Peninsula Wireline Network
• Neutral Sentiment: Recent commentary and valuation pieces note solid momentum (shares up over recent months) but caution on capital intensity and competitive pressure — context for mixed investor sentiment. AT&T (T) Valuation Check After OneConnect Bundled Plan Launch
• Negative Sentiment: Price increases for legacy unlimited plans and reported messy plan transitions risk customer dissatisfaction and churn, which can undercut the retention gains OneConnect aims to achieve. AT&T Announces New Price for its Unlimited Plans—Get Ready to Pay More
• Negative Sentiment: Coverage warns the OneConnect offer includes fine print and tradeoffs (limits, eligibility) that could slow adoption versus initial marketing claims. AT&T will offer home and mobile in one package, but you’ll want to read the fineprint

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.