AT&T (NYSE:T) Given New $29.25 Price Target at Scotiabank

AT&T (NYSE:T) had its price objective reduced by Scotiabank from $31.00 to $29.25 in a research report released on Wednesday, Marketbeat reports. Scotiabank currently has a sector perform rating on the technology company’s stock.

A number of other research analysts have also recently issued reports on T. Wells Fargo & Company assumed coverage on AT&T in a research note on Wednesday, July 8th. They issued an “underweight” rating and a $18.00 target price for the company. Oppenheimer lowered AT&T from an “outperform” rating to a “market perform” rating in a research report on Wednesday, June 3rd. Sanford C. Bernstein reiterated an “outperform” rating and set a $25.00 price objective on shares of AT&T in a report on Monday. Barclays decreased their price objective on AT&T from $26.00 to $24.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 8th. Finally, Morgan Stanley lowered their target price on AT&T from $30.00 to $25.00 and set an “overweight” rating for the company in a research note on Tuesday, July 7th. One investment 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 given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $29.34.

AT&T Stock Up 0.7%

Shares of NYSE:T opened at $21.43 on Wednesday. AT&T has a 52 week low of $19.89 and a 52 week high of $29.79. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.87 and a current ratio of 0.92. The company has a market capitalization of $148.87 billion, a PE ratio of 7.19, a PEG ratio of 0.86 and a beta of 0.24. The company has a 50 day moving average price of $23.11 and a two-hundred day moving average price of $25.34.

AT&T (NYSE:T) last posted its earnings results on Wednesday, April 22nd. The technology company reported $0.57 earnings per share 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 company had revenue of $31.51 billion for the quarter, compared to analyst estimates of $31.29 billion. During the same period last year, the business posted $0.51 earnings per share. The business’s revenue for the quarter was up 2.9% compared to the same quarter last year. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. Analysts forecast that AT&T will post 2.32 earnings per share for the current year.

AT&T Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 3rd. Stockholders of record on Friday, July 10th will be paid a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a dividend yield of 5.2%. The ex-dividend date of this dividend is Friday, July 10th. AT&T’s dividend payout ratio (DPR) is currently 37.25%.

Institutional Trading of AT&T

Institutional investors have recently made changes to their positions in the business. IFM Investors Pty Ltd increased its holdings in AT&T by 5.3% in the 1st quarter. IFM Investors Pty Ltd now owns 1,488,172 shares of the technology company’s stock valued at $43,142,000 after buying an additional 74,684 shares during the period. Parr Mcknight Wealth Management Group LLC acquired a new position in shares of AT&T in the 1st quarter valued at approximately $2,901,000. Annex Advisory Services LLC lifted its holdings in shares of AT&T by 749.1% during the 4th quarter. Annex Advisory Services LLC now owns 159,598 shares of the technology company’s stock worth $3,964,000 after acquiring an additional 140,802 shares during the period. World Investment Advisors boosted its position in shares of AT&T by 85.0% during the 4th quarter. World Investment Advisors now owns 338,942 shares of the technology company’s stock worth $8,419,000 after acquiring an additional 155,728 shares in the last quarter. Finally, Cerity Partners LLC boosted its position in shares of AT&T by 3.7% during the 4th quarter. Cerity Partners LLC now owns 1,668,862 shares of the technology company’s stock worth $41,449,000 after acquiring an additional 59,279 shares in the last quarter. Institutional investors own 57.10% of the company’s stock.

More AT&T News

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

• Positive Sentiment: AT&T received a boost from reports highlighting improved network performance, including a new carrier report and Ookla data showing the company delivers the fastest converged home internet and wireless speeds, which supports the case that its fiber and wireless strategy is gaining traction. AT&T is the Fastest Connectivity Provider
• Positive Sentiment: Several analyst notes raised earnings expectations ahead of AT&T’s quarterly report, with KeyCorp increasing estimates across 2026 and 2027 and maintaining an Overweight rating, which signals confidence in the company’s profit outlook. KeyCorp estimate updates on AT&T
• Positive Sentiment: Coverage pieces arguing AT&T could beat upcoming earnings estimates may be helping sentiment, as investors often bid up shares when expectations rise ahead of results. AT&T Earnings Expected to Grow: Should You Buy?
• Positive Sentiment: AT&T is also being viewed as relatively undervalued by some market commentary, with articles noting the stock may look inexpensive versus its fundamentals and long-term performance. AT&T Stock Still Looks Like A Bargain Despite Satellite Threat Fears
• Neutral Sentiment: The company is moving ahead with technology initiatives such as 5G drone sensing and H2O AI deployment, which may support longer-term differentiation but are not likely to move the stock immediately.
• Negative Sentiment: AT&T customers are set to face higher monthly charges due to a fee increase, which could pressure customer sentiment and raise concerns about churn or affordability. AT&T customers to pay more as monthly fee jumps
• Negative Sentiment: Recent analyst caution tied to Starlink and a Scotiabank price-target cut may be weighing on sentiment, as investors reassess long-term competition and valuation in telecom. Starlink threat causes Bernstein to cut AT&T PTs

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.