AT&T (NYSE:T) Raised to “Hold” at Wall Street Zen

AT&T (NYSE:T) was upgraded by research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a report issued on Saturday.

Other equities research analysts also recently issued research reports about the company. BNP Paribas Exane cut their price target on AT&T from $28.00 to $26.00 and set a “neutral” rating on the stock in a report on Thursday, April 23rd. Oppenheimer cut AT&T from an “outperform” rating to a “market perform” rating in a research note on Wednesday, June 3rd. Royal Bank Of Canada reissued an “outperform” rating and set a $31.00 price objective on shares of AT&T in a research report on Wednesday, May 20th. KeyCorp upped their target price on shares of AT&T from $30.00 to $36.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 25th. Finally, Citigroup raised their target price on shares of AT&T from $29.00 to $31.50 and gave the company a “buy” rating in a report on Monday, March 23rd. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat.com, AT&T presently has an average rating of “Moderate Buy” and an average target price of $30.55.

AT&T Stock Up 0.0%

AT&T stock opened at $22.02 on Friday. AT&T has a twelve month low of $21.99 and a twelve month high of $29.79. The stock’s fifty day simple moving average is $24.77 and its 200-day simple moving average is $25.75. The company has a current ratio of 0.92, a quick ratio of 0.87 and a debt-to-equity ratio of 1.05. The firm has a market capitalization of $152.97 billion, a P/E ratio of 7.39, a P/E/G ratio of 0.92 and a beta of 0.21.

AT&T (NYSE:T) last announced its quarterly earnings data on Wednesday, April 22nd. The technology company reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.02. The business 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 company’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same period 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, equities analysts expect that AT&T will post 2.31 earnings per share for the current fiscal year.

Institutional Investors Weigh In On AT&T

Several large investors have recently modified their holdings of the company. GGM Financials LLC acquired a new position in shares of AT&T in the 3rd quarter valued at $25,000. Fairway Wealth LLC acquired a new stake in AT&T during the 1st quarter worth $29,000. Robinswood Financial LLC purchased a new position in AT&T during the 1st quarter worth $29,000. Safe Harbor Fiduciary LLC purchased a new position in AT&T during the 4th quarter worth $25,000. Finally, Rachor Investment Advisory Services LLC acquired a new position in AT&T in the fourth quarter valued at $25,000. 57.10% of the stock is owned by institutional investors and hedge funds.

Trending Headlines about AT&T

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 Company Profile

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.