Royal Bank Of Canada Has Lowered Expectations for AT&T (NYSE:T) Stock Price

AT&T (NYSE:T) had its target price cut by equities researchers at Royal Bank Of Canada from $31.00 to $27.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage currently has an “outperform” rating on the technology company’s stock. Royal Bank Of Canada’s target price points to a potential upside of 21.22% from the company’s previous close.

Several other equities analysts have also issued reports on T. Wells Fargo & Company started coverage on AT&T in a report on Wednesday, July 8th. They set an “underweight” rating and a $18.00 price objective on the stock. Weiss Ratings downgraded AT&T from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, May 29th. Sanford C. Bernstein reissued an “outperform” rating and issued a $25.00 target price on shares of AT&T in a research report on Monday, July 13th. Morgan Stanley dropped their price target on AT&T from $30.00 to $25.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 7th. Finally, KeyCorp lifted their price target on AT&T from $30.00 to $36.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 25th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $29.14.

AT&T Stock Up 1.5%

Shares of NYSE:T opened at $22.27 on Monday. The company has a market capitalization of $154.76 billion, a PE ratio of 7.47, a P/E/G ratio of 0.86 and a beta of 0.24. 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 has a twelve month low of $19.89 and a twelve month high of $29.79. The firm has a 50 day simple moving average of $22.86 and a 200-day simple moving average of $25.26.

AT&T (NYSE:T) last announced its quarterly 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 analyst estimates of $31.29 billion. During the same period last year, the business earned $0.51 EPS. AT&T’s revenue for the quarter was up 2.9% compared to the same quarter last year. On average, equities analysts predict that AT&T will post 2.32 EPS for the current fiscal year.

Institutional Investors Weigh In On AT&T

Several hedge funds have recently made changes to their positions in T. Vanguard Group Inc. raised its stake in AT&T by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 664,055,700 shares of the technology company’s stock valued at $16,495,144,000 after acquiring an additional 3,585,661 shares during the last quarter. State Street Corp grew its stake in shares of AT&T by 2.6% in the 4th quarter. State Street Corp now owns 332,089,723 shares of the technology company’s stock valued at $8,249,109,000 after purchasing an additional 8,314,678 shares during the last quarter. Bank of America Corp DE grew its stake in shares of AT&T by 4.6% in the 1st quarter. Bank of America Corp DE now owns 125,191,700 shares of the technology company’s stock valued at $3,629,307,000 after purchasing an additional 5,449,222 shares during the last quarter. Norges Bank acquired a new position in shares of AT&T in the fourth quarter valued at approximately $2,181,977,000. Finally, Bank of New York Mellon Corp increased its holdings in shares of AT&T by 12.7% in the first quarter. Bank of New York Mellon Corp now owns 72,764,509 shares of the technology company’s stock valued at $2,109,443,000 after purchasing an additional 8,197,935 shares during the period. 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 is heading into earnings with expectations for continued revenue and EPS growth, and recent previews suggest investors are watching for signs the company can keep its wireless momentum intact. AT&T (T) Q2 Earnings: What To Expect
• Positive Sentiment: AT&T was highlighted as one of the most engaging advertisers during the FIFA World Cup 2026, a small but positive visibility boost for the brand. Kalshi, Oura Ring, and AT&T Score the Most Engaging Ads of the FIFA World Cup 2026™
• Positive Sentiment: AT&T is also working on network-security tools to fight identity fraud and testing low-latency 5G mobility, which supports its long-term network investment story. AT&T (T) Takes On Identity Fraud While Testing Real Time 5G Mobility
• Neutral Sentiment: Large lobbying disclosures and congressional trading activity were reported, but these items are not likely to move the stock in the near term.
• Negative Sentiment: Investor concern is building around competitive pressure from SpaceX/Starlink speculation, which could weigh on sentiment toward AT&T’s wireless business if fears of new competition intensify. AT&T Stock Has a Big SpaceX Problem, and Earnings Won’t Solve It
• Negative Sentiment: RBC’s lower price target signals some softening in analyst enthusiasm, even though the firm still rates AT&T favorably. AT&T had its price target lowered by Royal Bank Of Canada
• Negative Sentiment: Reports that AT&T is raising prices again, including for lower-income customers, could hurt sentiment if investors worry about customer backlash or churn. AT&T is raising prices again, and this time low-income customers won’t be spared

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.