Keybanc Cuts AT&T (T) Price Target to $33
Key Points
- Keybanc maintained an Overweight rating on AT&T Inc. on October 22, 2026, while trimming its price target from $36 to $33.
- Keybanc's $33 price target implies 47.16% upside from AT&T Inc.'s ($T) current $22.43 share price.
- AT&T recently traded around $22.43 on October 22, down about 0.9% from its closing price of $22.64 on the same day.
- Foster Victor Wealth Advisors recently reported holding 586,155 shares of AT&T worth about $13.6 million after boosting its stake by 10.2%.
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Keybanc maintained its Overweight rating on AT&T Inc. (NYSE: T) on October 22, 2026, while lowering its price target from $36 to $33.
T
AT&T Inc.
Keybanc's Call on AT&T Inc.
In its research note issued on October 22, 2026, Keybanc kept an Overweight rating on shares of AT&T. At the same time, the firm adjusted its expectations by moving its price target down to $33 from $36.
Other Institutional Activity in AT&T Inc.
Other big investors have also adjusted their positions in the telecom giant. Foster Victor Wealth Advisors grew its holdings by 54,321 shares, ending with 586,155 shares worth about $13.6 million. Meanwhile, Newport Trust Company, LLC held 178,729,595 shares valued at about $4.05 billion after cutting its stake by 753,830 shares, or 0.4%, in its report filed for June 30, 2026.
AT&T Inc. Stock Down 4.2%
AT&T recently traded around $22.43 as of October 22, 2026, sitting down about 0.9% from its event-day close of $22.64 on October 22. The stock trades below its 52-week high of $29.44 and above its low of $19.89.
$T price target
AT&T Inc. daily closes and this analyst's $33 target. Not advice.
Recent Earnings
AT&T reported trailing twelve-month revenue of $127.24 billion and earnings of $1.87 per share. The company posted a net profit margin of 16.9% alongside a return on equity of 18.3%.
Dividend
The company distributes an annual dividend rate of $1.11 per share, which works out to a dividend yield of 4.74% based on a payout ratio of 36.6%.
Analysts Set New Price Targets
Several other Wall Street firms updated their views on AT&T on October 22, 2026. Barclays maintained an Equal-Weight rating while lowering its target from $24 to $21. Argus Research reiterated a Buy rating with a target of $30. JP Morgan maintained an Overweight rating, moving its target to $31 from $33. TD Cowen kept a Hold rating with a target of $33. Overall analyst consensus leans toward a buy, with a mean price target of $28.59 across 23 analyst opinions.
About AT&T Inc.
AT&T Inc. provides telecommunications, media, and technology services to customers around the globe. Headquartered in Dallas, Texas, the company operates massive wireless and broadband networks that connect millions of consumers and businesses.
Bottom Line
Investors will continue watching how the stock tracks against analyst expectations and upcoming earnings reports. Market participants should look out for further institutional filing updates.
Related Filing Alerts
Source: Keybanc's rating change on $T (Oct 22, 2026). Written by software, not financial advice. How we make alerts