Brokerages Set AT&T Inc. (NYSE:T) PT at $30.55

AT&T Inc. (NYSE:T) has received a consensus rating of “Moderate Buy” from the twenty-one research firms that are currently covering the firm, Marketbeat.com reports. Eight analysts have rated the stock with a hold recommendation, twelve have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $30.5476.

A number of equities analysts have recently commented on T shares. BNP Paribas Exane dropped their price target on shares of AT&T from $28.00 to $26.00 and set a “neutral” rating on the stock in a research report on Thursday, April 23rd. Citigroup lifted their price target on shares of AT&T from $29.00 to $31.50 and gave the company a “buy” rating in a research report on Monday, March 23rd. KeyCorp lifted their price target on shares of AT&T from $30.00 to $36.00 and gave the company an “overweight” rating in a research report on Wednesday, March 25th. Arete Research raised shares of 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. Finally, Wall Street Zen raised shares of AT&T from a “sell” rating to a “hold” rating in a research report on Saturday.

Hedge Funds Weigh In On AT&T

Institutional investors have recently modified their holdings of the company. Annex Advisory Services LLC boosted its stake in AT&T by 749.1% during the fourth quarter. Annex Advisory Services LLC now owns 159,598 shares of the technology company’s stock worth $3,964,000 after buying an additional 140,802 shares in the last quarter. World Investment Advisors boosted its stake in AT&T by 85.0% during the fourth quarter. World Investment Advisors now owns 338,942 shares of the technology company’s stock worth $8,419,000 after buying an additional 155,728 shares in the last quarter. Cerity Partners LLC boosted its stake in AT&T by 3.7% during the fourth quarter. Cerity Partners LLC now owns 1,668,862 shares of the technology company’s stock worth $41,449,000 after buying an additional 59,279 shares in the last quarter. ING Groep NV boosted its stake in AT&T by 120.3% during the fourth quarter. ING Groep NV now owns 2,050,310 shares of the technology company’s stock worth $50,930,000 after buying an additional 1,119,731 shares in the last quarter. Finally, WealthPlan Investment Management LLC boosted its stake in AT&T by 415.0% during the fourth quarter. WealthPlan Investment Management LLC now owns 63,357 shares of the technology company’s stock worth $1,574,000 after buying an additional 51,055 shares in the last quarter. Institutional investors own 57.10% of the company’s stock.

AT&T News Roundup

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

• Positive Sentiment: AT&T Fiber received strong validation in a new Opensignal report, earning 107 wins across speed, reliability, video, and consistency categories and outperforming competitors in many metro markets. This supports the company’s broadband growth story and may help sentiment around the fiber business. Article
• Neutral Sentiment: AT&T is getting increased investor attention, according to Zacks, but the note does not point to a specific new catalyst; it mainly reflects elevated interest in the name. Article
• Negative Sentiment: California asked a court and the FCC to block AT&T’s request to stop offering traditional copper-wire phone service to new customers, highlighting regulatory resistance to AT&T’s network transition plans. That could delay the company’s cost-cutting and modernization efforts. Article
• Negative Sentiment: Related reports say AT&T wants to cancel wireline phone service for about 199,000 people, but California’s pushback suggests this plan could face hurdles, adding uncertainty around the copper-network exit. Article

AT&T Price Performance

Shares of T opened at $22.02 on Wednesday. The firm has a market cap of $152.97 billion, a PE ratio of 7.39, a PEG ratio of 0.92 and a beta of 0.21. The firm’s 50 day moving average price is $24.77 and its 200 day moving average price is $25.75. 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 has a twelve month low of $21.99 and a twelve month high of $29.79.

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

AT&T Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, May 1st. Stockholders of record on Friday, April 10th were given a $0.2775 dividend. The ex-dividend date of this dividend was Friday, April 10th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 5.0%. AT&T’s dividend payout ratio (DPR) is currently 37.25%.

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.