Argus Has Lowered Expectations for AT&T (NYSE:T) Stock Price

AT&T (NYSE:T) had its target price dropped by equities researchers at Argus from $33.00 to $30.00 in a report released on Thursday,Benzinga reports. The firm presently has a “buy” rating on the technology company’s stock. Argus’ price objective would suggest a potential upside of 24.71% from the company’s previous close.

Other equities research analysts have also recently issued research reports about the stock. KeyCorp increased their target price on shares of AT&T from $30.00 to $36.00 and gave the company an “overweight” rating in a research note on Wednesday, March 25th. Wells Fargo & Company upped their price target on AT&T from $18.00 to $20.00 and gave the company an “underweight” rating in a report on Thursday. Wall Street Zen upgraded AT&T from a “sell” rating to a “hold” rating in a research report on Saturday, June 20th. Morgan Stanley raised their price objective on AT&T from $25.00 to $27.00 and gave the stock an “overweight” rating in a research report on Thursday. Finally, Scotiabank decreased their price objective on AT&T from $31.00 to $29.25 and set a “sector perform” rating on the stock in a report on Wednesday, July 15th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, AT&T presently has a consensus rating of “Moderate Buy” and a consensus price target of $29.19.

AT&T Price Performance

NYSE:T opened at $24.05 on Thursday. The stock has a market cap of $164.83 billion, a P/E ratio of 7.97, a PEG ratio of 0.90 and a beta of 0.24. AT&T has a one year low of $19.89 and a one year high of $29.79. The company has a fifty day moving average price of $22.79 and a 200 day moving average price of $25.23. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.97 and a quick ratio of 0.87.

AT&T (NYSE:T) last issued its quarterly earnings results on Wednesday, July 22nd. The technology company reported $0.65 earnings per share for the quarter, beating analysts’ consensus estimates of $0.59 by $0.06. The firm had revenue of $31.56 billion during the quarter, compared to the consensus estimate of $31.80 billion. AT&T had a net margin of 16.94% and a return on equity of 12.86%. The business’s revenue was up 2.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.54 EPS. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. Analysts anticipate that AT&T will post 2.32 earnings per share for the current year.

Institutional Investors Weigh In On AT&T

A number of institutional investors have recently added to or reduced their stakes in T. Fairway Wealth LLC acquired a new stake in AT&T in the 1st quarter valued at $29,000. Robinswood Financial LLC acquired a new position in AT&T during the first quarter worth $29,000. Safe Harbor Fiduciary LLC acquired a new position in AT&T during the fourth quarter worth $25,000. Rachor Investment Advisory Services LLC bought a new position in shares of AT&T during the fourth quarter valued at $25,000. Finally, Cresta Advisors Ltd. bought a new position in shares of AT&T during the fourth quarter valued at $26,000. 57.10% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting AT&T

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

• Positive Sentiment: AT&T reported better-than-expected Q2 adjusted earnings of $0.65 per share, helped by strong wireless subscriber growth, reinforcing confidence in its core business. Stock Market Today, July 22: AT&T Beats Earnings on Strong Wireless Subscriber Growth
• Positive Sentiment: Wolfe Research upgraded AT&T after the earnings release, saying the stock looks attractive following the quarter and that fears around SpaceX competition may be overstated. Wolfe Research Just Upgraded AT&T Stock. Here’s Why.
• Positive Sentiment: Analysts highlighted AT&T’s fiber-led growth path, with fiber, wireless convergence, and copper shutdowns supporting margin gains, buybacks, and an intact 2026 outlook. T Q2 Earnings Call Points to Fiber-Led Growth Path
• Neutral Sentiment: AT&T saw unusually heavy call-option buying, which suggests traders are positioning for further upside after the earnings-driven rally. Wolfe Research Just Upgraded AT&T Stock. Here’s Why.
• Negative Sentiment: One headline about an AT&T internet outage could weigh on sentiment by reminding investors of service reliability risks, though it appears to be a limited operational issue. ATT internet outage for some. AT and T outage Thursday

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.