KeyBanc on AT&T (T): 'We Think Investors Are About to Start Getting Paid'

KeyBanc analyst Brandon Nispel reiterated an Overweight rating and $30.00 price target on AT&T (NYSE: T).

The analyst commented: "We remain OW AT&T, reiterate our $30 PT, and refine our ests. We think investors are about to start getting paid from the consistency of AT&T's strategy, which should lead to accelerating adj. EBITDA growth from 3.5% in '26 to >5% in '28, while capital returns accelerate; competitors are unable to match its offering. While we are not thrilled for a model rebuild, "Legacy" copper assets are expected to be completely discontinued by 2029, and AT&T's "Advanced Connectivity," 5G, and Fiber assets are expected to grow EBITDA MSD-HSD for the foreseeable future, which we think should re-rate higher."

For an analyst ratings summary and ratings history on AT&T click here. For more ratings news on AT&T click here.

Shares of AT&T closed at $24.07 yesterday.

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