AT&T (T) Gets an Upgrade From KeyBanc on Improved Prospects

Core Insights - AT&T Inc. is recognized as one of the 15 Best Long Term Stocks to Buy according to Reddit [1] - KeyBanc Capital Markets upgraded AT&T to Overweight from Sector Weight, citing improved growth prospects and a price target of $30 [2] - In Q3 2025, AT&T reported $30.7 billion in revenue, a 1.7% increase year-over-year, with mobility service revenue rising 2.3% to $16.9 billion [3] Financial Performance - AT&T added 405,000 postpaid phone customers in the quarter, with a postpaid phone churn rate of 0.92% [4] - The fiber business saw significant growth, adding 288,000 fiber customers and a 16.8% increase in consumer fiber broadband revenue compared to the previous year [4] Strategic Initiatives - The company aims to reach 60 million fiber locations by the end of the decade, supported by ongoing investments and the $5.75 billion acquisition of Lumen Technologies' consumer fiber business [5] - The acquisition will add approximately 4 million homes at a cost of about $1,300 per location, which is more cost-effective than typical build-out expenses [5] Market Position - AT&T operates as a major telecommunications company providing a wide range of communications and connectivity services [6]