AT&T (NYSE:T) Price Target Cut to $30.00 by Analysts at Argus

AT&T (NYSE:T) had its price target cut by Argus from $33.00 to $30.00 in a research report sent to investors on Thursday,Benzinga reports. They currently have a buy rating on the technology company’s stock.

Other analysts have also issued research reports about the stock. KeyCorp lifted their target price on shares of AT&T from $30.00 to $36.00 and gave the stock an “overweight” rating in a report on Wednesday, March 25th. TD Cowen increased their price target on AT&T from $32.00 to $33.00 and gave the company a “hold” rating in a research note on Thursday. Wall Street Zen upgraded AT&T from a “sell” rating to a “hold” rating in a research report on Saturday, June 20th. Oppenheimer cut AT&T from an “outperform” rating to a “market perform” rating in a research note on Wednesday, June 3rd. Finally, The Goldman Sachs Group set a $30.00 price objective on AT&T in a report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, AT&T currently has a consensus rating of “Moderate Buy” and a consensus price target of $29.19.

AT&T Stock Performance

AT&T stock opened at $22.95 on Thursday. The company has a market cap of $159.44 billion, a PE ratio of 7.60, a PEG ratio of 0.91 and a beta of 0.24. The company has a current ratio of 0.97, a quick ratio of 0.87 and a debt-to-equity ratio of 1.06. AT&T has a 1 year low of $19.89 and a 1 year high of $29.79. The company’s 50-day moving average is $22.79 and its two-hundred day moving average is $25.24.

AT&T (NYSE:T) last issued its quarterly earnings results on Wednesday, July 22nd. The technology company reported $0.65 EPS for the quarter, topping the consensus estimate of $0.59 by $0.06. The company had revenue of $31.56 billion during the quarter, compared to analysts’ expectations of $31.80 billion. AT&T had a net margin of 16.94% and a return on equity of 12.86%. AT&T’s revenue was up 2.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.54 EPS. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. Equities analysts anticipate that AT&T will post 2.31 earnings per share for the current year.

AT&T Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, August 3rd. Shareholders of record on Friday, July 10th will be paid a $0.2775 dividend. The ex-dividend date of this dividend is Friday, July 10th. This represents a $1.11 dividend on an annualized basis and a yield of 4.8%. AT&T’s payout ratio is presently 37.25%.

Institutional Trading of AT&T

Institutional investors have recently modified their holdings of the company. Tema ETFs LLC lifted its stake in AT&T by 10.7% in the 2nd quarter. Tema ETFs LLC now owns 151,817 shares of the technology company’s stock valued at $3,143,000 after acquiring an additional 14,645 shares in the last quarter. Fiduciary Financial Group LLC grew its stake in shares of AT&T by 2.6% during the 2nd quarter. Fiduciary Financial Group LLC now owns 25,023 shares of the technology company’s stock worth $518,000 after acquiring an additional 635 shares in the last quarter. Wasatch Advisors LP raised its holdings in shares of AT&T by 14.7% in the second quarter. Wasatch Advisors LP now owns 150,000 shares of the technology company’s stock valued at $3,105,000 after purchasing an additional 19,281 shares during the last quarter. Charles Schwab Trust Co raised its holdings in shares of AT&T by 97.2% in the second quarter. Charles Schwab Trust Co now owns 26,348 shares of the technology company’s stock valued at $545,000 after purchasing an additional 12,987 shares during the last quarter. Finally, Salvus Wealth Management LLC lifted its position in shares of AT&T by 18.0% in the second quarter. Salvus Wealth Management LLC now owns 18,075 shares of the technology company’s stock worth $374,000 after purchasing an additional 2,752 shares in the last quarter. 57.10% of the stock is currently owned by institutional investors.

AT&T News Summary

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

• Positive Sentiment: AT&T beat Q2 earnings estimates with adjusted EPS of $0.65 versus expectations near $0.59, helping reinforce the case that its wireless and fiber strategy is working. AT&T Earnings Beat. CEO Stankey: Starlink Deal Not Needed At All
• Positive Sentiment: Revenue missed estimates, but investors focused more on the strong operational details: more than 1 million advanced connectivity customer additions, including solid postpaid wireless and broadband growth, plus improving free cash flow. AT&T’s stock rises after earnings. Here’s why investors are cheering.
• Positive Sentiment: Management reiterated its 2026 outlook and said it plans faster share repurchases, which supports the bull case for AT&T’s valuation and dividend/capital-return story. AT&T Delivers Strong Second-Quarter Results as Investment-Led Strategy Gains Momentum
• Positive Sentiment: Several analyst notes turned more constructive after the report, with commentary saying SpaceX/Starlink fears may be exaggerated and that AT&T’s wireless execution remains strong. AT&T Stock Gets Upgraded. SpaceX Worries Are Overblown.
• Neutral Sentiment: Some reports still highlighted the revenue miss and heavy capital spending as ongoing risks, even as the company’s growth narrative improved. AT&T Stock Outlook Hinges on Fiber Growth and Wireless Risks in 2026
• Neutral Sentiment: AT&T also faced a modest analyst price-target cut from Argus, though the firm kept a buy rating, suggesting valuation remains supportive but not without caution. Argus price target update

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.