AT&T stock: Arete cuts target for AT&T stock to USD 23.00

Published on 10/20/2026 at 17:33 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

AT&T revenue rose 2.30 percent in the second quarter. AT&T stock costs EUR 20.90 on October 20, 2026, up 1.21 percent versus the Xetra close.

Analyst target and payment dates

Arete Research cut its AT&T target from USD 28.00 to USD 23.00 on October 1, 2026.
AT&T declared a USD 0.2775 quarterly dividend, payable on November 2, 2026.
AT&T stock costs EUR 20.90 at Lang & Schwarz on October 20, 2026 at 5:13 p.m. CEST, plus 1.21 percent versus the Xetra close of October 19, 2026, and sits 29.08 percent below its 52-week high.
Third-quarter results are scheduled for October 21, 2026, before the New York market opens.

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Arete Research cut its AT&T target from USD 28.00 to USD 23.00 while maintaining a Neutral rating on October 1, 2026, as reported by Yahoo Finance. The USD 23.00 target sits 2.13 percent below AT&T's USD 23.50 NYSE quote. AT&T stock was trading at EUR 20.90 at Lang & Schwarz on October 20, 2026 at 5:13 p.m. CEST, up 1.21 percent versus the Xetra close of October 19, 2026.

Revenue growth remains measurable

AT&T's revenue reached USD 31.56 billion in the second quarter of 2026, up 2.30 percent from the same quarter a year earlier. Adjusted earnings per share came in at USD 0.65, USD 0.06 above the consensus estimate, while the company kept its fiscal 2026 earnings-per-share guidance at USD 2.25 to USD 2.35, according to MarketBeat.

What does the price position show?

The euro quote stands EUR 8.54 below the 52-week high of EUR 29.44 and EUR 1.01 above the 52-week low of EUR 19.89. Its distance below the high is 29.00 percent, while the current market capitalization is USD 161.0 billion and the price-to-earnings ratio is 7.80 as of October 20, 2026. On the NYSE, AT&T last traded at USD 23.50 on October 20, 2026 at 11:30 a.m. ET.

Valuation meets two dated events

AT&T declared a quarterly dividend of USD 0.2775, equal to an annualized yield of 4.90 percent, with payment scheduled for November 2, 2026, according to MarketBeat. AT&T is scheduled to report third-quarter 2026 results before the New York market opens on October 21, 2026, according to Yahoo Finance.

Comparison with peers

AT&T Inc.: plus 1.21 percent, P/E 7.80, market capitalization USD 161.0 billion.

Verizon Communications: plus 0.92 percent, P/E 11.60, market capitalization USD 185.1 billion.

T-Mobile US: plus 1.75 percent, P/E 16.62, market capitalization USD 170.4 billion.

Target cut keeps valuation in view

Arete's lower target places the analyst's valuation below the latest NYSE quote, while AT&T enters its October 21 results with second-quarter revenue growth of 2.30 percent and fiscal guidance of USD 2.25 to USD 2.35 adjusted earnings per share. The further course of trading is shown by the continuously updated real-time quote of AT&T stock.