Communication Services | Equity Research | February 19, 2026
Target: $16.45
$17.0
1.3x
$12.81
1.94%
Conviction: Low
The company exhibits solid fundamentals with stable cash flow generation. Operational efficiency programs are yielding margin improvements. AT&T Inc. is positioned to benefit from secular tailwinds in the Communication Services industry.
Risks: Macroeconomic volatility and interest rate sensitivity remain key risks. Competitive pressures in the sector could impact market share.
| Year | 2022 (A) | 2023 (A) | 2024 (A) | 2025 (E) | 2026 (E) | 2027 (E) |
|---|---|---|---|---|---|---|
| Revenue | $12.2 | $12.8 | $13.3 | $13.9 | $14.4 | $14.8 |
| Consensus Rev | - | - | - | $13.6 | $15.1 | $15.0 |
| System Rev | - | - | - | $13.8 | $14.6 | $15.9 |
| EBITDA | $4.0 | $2.9 | $3.9 | $4.0 | $3.8 | $6.6 |
| EPS | $13.44 | $9.76 | $12.81 | $13.43 | $12.65 | $22.02 |
Breakdown: 5 Buy / 12 Hold / 5 Sell
The street remains generally holdish on the name.