Raymond James Remains a Buy on AT&T Inc. (T), Sets a PT of $31

AT&T Inc. (NYSE:T) is one of the most undervalued blue chip stocks to buy according to hedge funds. In a report released on July 24, Frank Louthan from Raymond James maintained a Buy rating on AT&T Inc. (NYSE:T) with a price target of $31.00.

The rating came after AT&T Inc. (NYSE:T) reported its fiscal Q2 2025 results on July 23, with total revenues and adjusted EBITDA both growing 3.5% year-over-year at a consolidated level.

Adjusted EPS for the quarter reached $0.54, up approximately 6% from $0.51 in the prior year. Free cash flow also rose from $4 billion in the prior year to $4.4 billion in Q2 2025.

AT&T Inc. (NYSE:T) expects Q3 2025 capital investment to be in the $5 billion to $5.5 billion range, with free cash flow in the $4.5 billion to $5 billion range.

AT&T Inc. (NYSE:T) provides telecommunications and technology services and operates through the Communications and Latin America segments. Its Communications segment offers wireline telecom, wireless, and broadband services in the US and globally, while the Latin America segment manages services in Mexico.

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Disclosure: None. This article is originally published at Insider Monkey.