Morgan Stanley Adjusts AT&T (T) Targets in Broader Look at the U.S. Wireless Market

AT&T Inc. (NYSE:T) is included among the 11 Best Low Priced Dividend Stocks to Buy According to Analysts.

On December 10, Morgan Stanley lowered the firm’s price target on AT&T Inc. (NYSE:T) to $30 and $32 and kept an Overweight rating on the shares. The update came as part of the firm’s broader coverage of the US wireless industry.

AT&T Inc. (NYSE:T) is actively investing in infrastructure and is strengthening its competitive position. The company recently acquired EchoStar’s spectrum in a deal worth $23 billion and also announced a $5.75 billion deal for Lumen Technologies’ fiber assets, which the company now expects to close in early 2026. Through the EchoStar deal, which delivered midband spectrum, AT&T could add network capacity.

The Lumen Technologies deal will enable AT&T Inc. (NYSE:T) to expand its reach to 60 million fiber locations by the end of the decade. It adds about 4 million homes for $1,300 per location, which falls below typical construction costs. Not only this, these transactions are expected to drive long-term growth in the company’s service revenue, adjusted EBITDA, and strong free cash flow generation.

AT&T Inc. (NYSE:T) is an American multinational telecommunications company that offers 5G wireless voice and data services to consumers and businesses.

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