AT&T Inc. (NYSE:T) received multiple analyst rating updates in early January. On January 8, Bernstein reiterated a Buy rating on the stock and set a price target of $31.
Scotiabank also provided an update, lowering its price target to $29.50 from $30.25 while reaffirming a Sector Perform rating. The firm stated it was updating price targets for Telecommunication Services stocks ahead of fiscal Q4 2025 results. It noted that despite increased promotional intensity in wireless during the holiday season, revenue and EBITDA industry growth remains positive.
On January 6, KeyBanc downgraded AT&T to a Sell rating, reducing its price target to $20 from $30. Arete also downgraded the stock to Sell from Neutral, setting a price target of $20.
In a separate announcement on January 6, Reuters reported a partnership between AT&T and American Airlines. The collaboration will provide free in-flight Wi-Fi for customers enrolled in American Airlines' loyalty program.
Heather Garboden, chief customer officer of American Airlines, said in a statement that free high-speed Wi-Fi is a necessity for travelers today, rather than just a perk. The rollout began in January and is expected to become available on nearly all of the carrier's flights by early spring.
AT&T Inc. provides telecommunications and technology services through its Communications and Latin America segments. The Communications segment offers wireline telecom, wireless, and broadband services in the United States and globally. The Latin America segment manages services in Mexico.