AT&T (NYSE:T) Raised to Strong Sell at Wells Fargo & Company

AT&T (NYSE:T) was upgraded by stock analysts at Wells Fargo & Company to a “strong sell” rating in a report issued on Wednesday,Zacks.com reports.

A number of other brokerages have also commented on T. Arete Research raised AT&T from a “sell” rating to a “neutral” rating and set a $28.00 price objective on the stock in a report on Tuesday, March 10th. BNP Paribas Exane reduced their target price on AT&T from $28.00 to $26.00 and set a “neutral” rating for the company in a report on Thursday, April 23rd. Morgan Stanley reduced their target price on AT&T from $30.00 to $25.00 and set an “overweight” rating for the company in a report on Tuesday. Wall Street Zen raised AT&T from a “sell” rating to a “hold” rating in a research report on Saturday, June 20th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and set a $31.00 price target on shares of AT&T in a report on Wednesday, May 20th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $29.68.

AT&T Trading Down 0.1%

Shares of NYSE:T opened at $21.06 on Wednesday. The stock has a market capitalization of $146.33 billion, a PE ratio of 7.07, a P/E/G ratio of 0.86 and a beta of 0.24. AT&T has a 1 year low of $19.89 and a 1 year high of $29.79. The firm has a fifty day moving average price of $23.57 and a 200 day moving average price of $25.45. The company has a current ratio of 0.92, a quick ratio of 0.87 and a debt-to-equity ratio of 1.05.

AT&T (NYSE:T) last posted its earnings results on Wednesday, April 22nd. The technology company reported $0.57 EPS for the quarter, topping the consensus estimate of $0.55 by $0.02. AT&T had a net margin of 16.94% and a return on equity of 12.49%. The firm had revenue of $31.51 billion for the quarter, compared to the consensus estimate of $31.29 billion. During the same period in the prior year, the business posted $0.51 earnings per share. The business’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. Analysts expect that AT&T will post 2.31 EPS for the current fiscal year.

Institutional Trading of AT&T

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in T. IFM Investors Pty Ltd lifted its holdings in shares of AT&T by 5.3% during the 1st quarter. IFM Investors Pty Ltd now owns 1,488,172 shares of the technology company’s stock worth $43,142,000 after acquiring an additional 74,684 shares during the period. World Investment Advisors raised its position in AT&T by 85.0% in the fourth quarter. World Investment Advisors now owns 338,942 shares of the technology company’s stock worth $8,419,000 after purchasing an additional 155,728 shares in the last quarter. Annex Advisory Services LLC raised its position in AT&T by 749.1% in the fourth quarter. Annex Advisory Services LLC now owns 159,598 shares of the technology company’s stock worth $3,964,000 after purchasing an additional 140,802 shares in the last quarter. Cerity Partners LLC lifted 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 purchasing an additional 59,279 shares during the period. Finally, ING Groep NV boosted its holdings 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 valued at $50,930,000 after purchasing an additional 1,119,731 shares in the last quarter. Institutional investors and hedge funds own 57.10% of the company’s stock.

AT&T News Summary

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

• Positive Sentiment: AT&T was highlighted as a top telecom/value stock, with analysts pointing to attractive valuation and dividend appeal for long-term investors.
• Positive Sentiment: The company may benefit from a rival carrier’s bankruptcy, which could strengthen AT&T’s competitive position in wireless and broadband. AT&T leaves rivals flat-footed as bankrupt carrier folds
• Positive Sentiment: AT&T, Ericsson, and MediaTek completed a 5G Advanced mobility trial, underscoring continued network innovation and potential service-quality improvements. Ericsson, AT&T and MediaTek complete North America’s first in-field trial of enhanced mobility features
• Neutral Sentiment: AT&T’s expanded Build-A-Plan bundle could improve customer flexibility and support retention, but the immediate stock impact is unclear. Is AT&T (T) Undervalued On Its Build A Plan Expansion?
• Negative Sentiment: Barclays lowered its price target on AT&T from $26 to $24 and kept an equal-weight rating, signaling softer expectations.
• Negative Sentiment: Morgan Stanley cut its price target on AT&T from $30 to $25, which may be contributing to recent share weakness.

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.