Key Metrics
11.16
Heat Index-
Impact LevelMedium
-
Scope LevelNational
-
Last Update2025-07-23
Key Impacts
Positive Impacts (3)
Event Overview
AT&T Inc. (NYSE:T) saw its stock rise 1% on Monday after Morgan Stanley increased its price target from $31.00 to $32.00, keeping an overweight rating. The stock closed at $27.24, with 8,253,080 shares traded. Oppenheimer also raised its target to $32.00 with an 'outperform' rating. The stock movement follows positive subscriber growth and analyst updates.
Event Timeline
AT&T Reports Second-Quarter Phone Subscriber Surge Amid Stock Decline
AT&T experienced a significant increase in second-quarter phone subscribers due to promotional efforts, reportedly delivering a surge in new customers. Despite this increase and an earnings beat, AT&T's stock price declined, reflecting investor expectations for stronger performance. The exact figures of the subscriber growth or earnings numbers were not detailed in the provided text. The event occurred during the company's second-quarter financial reporting period. No further technical or procedural details, quotes, or additional data were available in the excerpt.
AT&T Stock Rises 1% Following Morgan Stanley Price Target Increase Amid Positive Analyst Ratings and Subscriber Growth
On Monday, AT&T Inc. (NYSE:T) experienced a 1% stock price increase after Morgan Stanley raised their price target from $31.00 to $32.00, maintaining an overweight rating. The stock traded as high as $27.51, closing at $27.24, with approximately 8,253,080 shares traded, a 77% decline from the average daily volume of 36,401,821 shares. Prior closing was $26.97. Other positive analyst updates include Oppenheimer increasing their price target from $27.00 to $32.00 with an 'outperform' rating on April 1, Scotiabank raising theirs from $29.50 to $30.00 with a 'sector outperform' rating on July 11, TD Securities increasing theirs from $29.00 to $30.00 with a 'hold' rating on April 24, Royal Bank of Canada boosting theirs from $28.00 to $30.00 with an 'outperform' rating also on April 24, and UBS Group reaffirming a 'buy' rating with a price target increase from $30.00 to $31.00 on June 18. MarketBeat data shows the consensus rating of AT&T is a 'Moderate Buy' with an average price target of $29.17. Institutional investors and hedge funds own 57.10% of the stock, with recent acquisitions in the fourth and first quarters by several investment firms involving stakes valued around $25,000 to $27,000. AT&T’s 50-day moving average is $27.77 and the 200-day moving average is $26.38. Additionally, AT&T has reported a surge in phone subscribers attributed to bundled plan promotions and detailed plans for tax savings to fund fiber expansion.