AT&T Likely To Report Lower Q2 Earnings; Here's A Look At Recent Price Target Changes By The Most Accurate Analysts

AT&T Inc. T is expected to report its second-quarter financial results, before the opening bell on July 26, 2023.

Analysts expect the company to post quarterly earnings at 54 cents per share, down from year-ago earnings of 65 cents per share. The company’s revenue might come in at $26.91 billion.

AT&T shares fell 1% to close at $14.80 on Tuesday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.

• Citigroup analyst Michael Rollins maintained a Neutral rating and raised the price target from $16 to $17 on July 25, 2023. This analyst sees around 15% upside in the company’s stock and has an accuracy rate of 77%.
• Deutsche Bank analyst Bryan Kraft maintained a Buy rating and cut the price target from $23 to $22 on July 14, 2023. This analyst sees around 49% upside in the company’s stock and has an accuracy rate of 61%.
• Barclays analyst Kannan Ventakeshwar maintained an Equal-Weight rating and cut the price target from $18 to $17 on July 6, 2023. This analyst sees around 15% upside in the company’s stock and has an accuracy rate of 62%.
• LightShed Partners analyst Walter Piecyk downgraded the stock from Buy to Neutral on Feb. 8, 2023. This analyst has an accuracy rate of 74%.
• Morgan Stanley analyst Simon Flannery downgraded the stock from Overweight to Equal-Weight with a price target of $20 on Dec. 15, 2022. This analyst sees around 35% upside in the company’s stock and has an accuracy rate of 71%.

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