AT&T Analysts Cut Their Forecasts After Q3 Earnings

Core Insights - AT&T Inc. reported operating revenues of $30.71 billion for its fiscal third quarter, a 1.6% increase year-over-year, but below analyst expectations of $30.87 billion [1] - Adjusted earnings per share (EPS) were $0.54, matching analyst consensus estimates [1] Consumer Wireline Segment - The company expanded its fiber optic footprint, adding 288,000 AT&T Fiber net subscribers and 270,000 AT&T Internet Air net additions [2] Management Commentary - John Stankey, AT&T Chairman and CEO, emphasized the company's strategy and customer acquisition, stating that AT&T is on track to meet its 2025 consolidated financial guidance [3] Analyst Reactions - Barclays analyst Kannan Venkateshwar maintained an Equal-Weight rating on AT&T, lowering the price target from $30 to $28 [6] - RBC Capital analyst Jonathan Atkin maintained an Outperform rating, reducing the price target from $31 to $30 [6]