Street View: Wall Street reception gets better for AT&T

Median PT of 28 brokerages covering the stock is $28 — LSEG-compiled data.

Morgan Stanley (overweight, PT: $27) says AT&T is performing well in a competitive telecom market, and that concerns about satellite services posing a threat to its wireless business are overblown.

BofA Global Research (buy, PO: $34) says better-than-expected postpaid phone and fiber subscriber additions point to strong momentum into the second half of 2026, as AT&T continues integrating the underpenetrated Lumen fiber business assets.

Raymond James (strong buy, PT: $33) says it expects strong full-year results as the company continues using its range of products to enhance customer connectivity and meet its strategic goals.

Barclays (neutral, PT: $24) says AT&T continues to execute well and successfully balance volumes, margins and cash flow, despite wireless competitive intensity.

“However, volume visibility and industry rationality is needed to sustain this path, while satellite headline risk remains difficult to disprove” — Barclays.