AT&T

Valuation Analysis

About the Company

AT&T en bref

AT&T (T) is currently trading at 20,16 € with a market capitalization of 138,1 Md €. The trailing P/E ratio stands at 7.67x, with a forward P/E of 9.07x. The 52-week range spans from 17,24 € to 25,83 €; the current price is 22% below the yearly high. Year-over-year revenue growth stands at +2.3%. The net profit margin stands at 16.94%.

💰 Dividende

AT&T pays an annual dividend of 0,96 € per share, representing a yield of 4.77%. The payout ratio stands at 36.63%.

📊 Avis des analystes

23 analystes évaluent AT&T (T) au consensus : Acheter. L'objectif de cours moyen est de 24,89 €, soit un potentiel de +23.47% par rapport au cours actuel. La fourchette des objectifs de cours des analystes va de 17,34 € à 31,21 €.

AT&T : la thèse d'investissement en détail

AT&T (T) operates in the Communication Services — specifically Telecom Services — and is headquartered in United States. Below is a structured read of the investment case built directly from the latest fundamentals, valuation multiples, analyst positioning and smart-money flows. Each section translates raw numbers into the investment logic they imply, so you can decide whether the risk/reward fits your portfolio.

Le scénario haussier

The combination of a 59.72% gross margin and 24.79% operating margin shows the business converts revenue into profit efficiently — a hallmark of competitive moat. Free cash flow is positive and net margins stand at 16.94%, meaning reported earnings translate into real cash that can fund buybacks, dividends or strategic acquisitions. Wall Street consensus sits at Buy with an average price target implying roughly 23.47% upside from current levels — analyst sentiment is firmly constructive.

Le scénario baissier

Revenue growth has slowed to just 2.3%, which is below nominal GDP — the business is no longer outgrowing the broader economy.

Valorisation en contexte

The EV/EBITDA multiple of 7.24x is below the historical equity-market average — strategic acquirers would find the cash-flow profile attractive at this level.

À surveiller

• The dividend yield near 4.77% combined with a payout ratio of 36.63% leaves room for further hikes — a track record of consecutive raises is a strong income signal.
• The analyst consensus price target implies 23.47% upside — if the next two quarters confirm the underlying thesis, target hikes typically follow.

Thèse d'investissement : forces et faiblesses

Aperçu technique

The price is in a transition zone relative to the moving averages — no clear signal.

Profil de risque

The data points to relatively defensive market behavior, higher leverage relative to equity.

Trading Data

💵 Dividend Info

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