BNP Paribas Exane Issues Pessimistic Forecast for AT&T (NYSE:T) Stock Price

AT&T (NYSE:T) had its price target decreased by investment analysts at BNP Paribas Exane from $28.00 to $26.00 in a report released on Thursday,Benzinga reports. The brokerage currently has a “neutral” rating on the technology company’s stock. BNP Paribas Exane’s target price would suggest a potential downside of 0.78% from the stock’s previous close.

Several other research analysts have also commented on the stock. TD Cowen restated a “hold” rating on shares of AT&T in a research note on Thursday, January 29th. Scotiabank decreased their price objective on shares of AT&T from $31.50 to $31.00 and set a “sector perform” rating for the company in a report on Thursday. Oppenheimer raised their target price on shares of AT&T from $29.00 to $32.00 and gave the company an “outperform” rating in a research note on Wednesday, March 11th. Barclays lowered their target price on shares of AT&T from $28.00 to $26.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 13th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $33.00 target price on shares of AT&T in a research note on Thursday, January 29th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $30.70.

AT&T Stock Performance

Shares of T opened at $26.21 on Thursday. The company’s fifty day moving average is $27.71 and its 200-day moving average is $26.05. AT&T has a 12 month low of $22.95 and a 12 month high of $29.79. The firm has a market cap of $183.00 billion, a price-to-earnings ratio of 8.79, a price-to-earnings-growth ratio of 0.99 and a beta of 0.34. The company has a quick ratio of 0.86, a current ratio of 0.92 and a debt-to-equity ratio of 1.05.

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 company had revenue of $31.51 billion for the quarter, compared to analyst estimates of $31.29 billion. During the same quarter in the prior year, the business posted $0.51 EPS. AT&T’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. Equities analysts expect that AT&T will post 2.3 EPS for the current fiscal year.

Hedge Funds Weigh In On AT&T

A number of hedge funds and other institutional investors have recently made changes to their positions in T. Mountain Hill Investment Partners Corp. lifted its holdings in shares of AT&T by 363.7% during the 3rd quarter. Mountain Hill Investment Partners Corp. now owns 895 shares of the technology company’s stock worth $25,000 after acquiring an additional 702 shares during the period. GGM Financials LLC bought a new position in shares of AT&T during the 3rd quarter worth about $25,000. Rachor Investment Advisory Services LLC bought a new position in shares of AT&T during the 4th quarter worth about $25,000. Safe Harbor Fiduciary LLC bought a new position in shares of AT&T during the 4th quarter worth about $25,000. Finally, Cresta Advisors Ltd. bought a new position in shares of AT&T during the 4th quarter worth about $26,000. 57.10% of the stock is owned by institutional investors.

Key AT&T News

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

• Positive Sentiment: Q1 beat and broadband strength: AT&T beat EPS and revenue expectations, reported record broadband results and reaffirmed FY guidance — a near‑term catalyst that lifted shares after the print. Former Dividend Aristocrat AT&T Posts Strong Earnings
• Positive Sentiment: Fiber/convergence growth story: Management emphasized a fiber expansion and convergence strategy on the earnings call — a structural growth driver that improves ARPU and lowers churn over time. AT&T Earnings Call: Fiber Push Drives Growth Outlook
• Positive Sentiment: New consumer-facing test vs. T‑Mobile: AT&T is quietly piloting a service aimed at competing with T‑Mobile’s offerings — a potential retention/ACV tailwind if scaled. AT&T quietly tests new service that rivals T-Mobile
• Neutral Sentiment: Defensive valuation and income appeal: Analysts and outlets are highlighting AT&T as a defensive, cash‑generating telecom with an attractive yield for income investors — supportive for longer‑term demand even absent growth surprises. AT&T Inc. (T): Defensive Thesis Growing Strong
• Neutral Sentiment: Analyst price‑target moves: A couple of shops trimmed targets (BNP Paribas Exane, Scotiabank) or moved ratings; these are influencing near‑term sentiment but show mixed conviction about upside. Price Target Coverage
• Negative Sentiment: Wireless churn and subscriber worries: Reports and commentaries flagged elevated wireless customer losses and retention pressure — an immediate negative because wireless is the core profit engine and churn risks margin/ARPU trends. AT&T Falls On Wireless Subscriber ‘Churn’ Worries
• Negative Sentiment: Longer‑term structural concerns: Opinion pieces warn that competition and retention issues could cap upside for years unless wireless trends improve — a caution for growth‑oriented holders. AT&T’s Biggest Problem Could Stall The Stock For Years

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.