Bernstein downgrades AT&T on SpaceX foray into wireless
AT & T could come under pressure as SpaceX deepens its push into wireless connectivity services, according to Bernstein. The ...
Analysis updated on Oct. 14, 2026 (UTC) · Alpha · vs marketSwitch to Total · NYSE
On Oct. 14, 2026, T is rated Neutral: its 90-day Alpha forecast sits in the middle 30% of the 5379 stocks scored that day.
At&T Inc. is a large-cap company with a market capitalization of $156.58B. It ranks number 2 by market capitalization among the 15 Telephone Communications (No Radiotelephone) issuers in our coverage with a current forecast.
A per-ticker accuracy statistic for T is published only once its sample size is known. Across our coverage, the out-of-sample test on 4537 stocks from 2025-01-06 to 2026-06-09 produced a positive net return in 73.7% of rebalance periods (factor-neutral book, net of estimated costs). Full backtest report
Expected return relative to the market over the horizon: a positive alpha means the model expects the stock to beat the market, whatever the market does. Ratings: strong buy ≥ +1.3%, buy ≥ +0.5%, sell < -0.5%, strong sell < -1.6% (top 15%, next 20%, middle 30%, next 20%, bottom 15% of the 2026-10-13 signals)
A free account shows the exact forecast, rating and rank of 3 tickers you follow, T included.
Follow T free90D Alpha forecasts of every company scored, cut into five relative ratings at the 15th, 35th, 65th and 85th percentiles (dashed lines).
Trailing twelve months. The industry median and the rank (1 = highest) are taken over the Telephone Communications (No Radiotelephone) peers listed below that report each metric.
| Metric | T | Rank |
|---|---|---|
| Market Cap | $156.58B | 2/15 |
| P/E Ratio | 7.26x | 6/7 |
| P/B Ratio | 1.42x | 5/9 |
| Dividend Yield | 5.12% | 2/5 |
| EPS | $3.08 | – |
| Book Value/Share | $16.12 | – |
| Revenue/Share | $18.57 | – |
| FCF/Share | $1.95 | – |
| Metric | T | Rank |
|---|---|---|
| ROE | 19.5% | 5/12 |
| ROA | 5.0% | 5/15 |
| ROIC | 6.8% | 7/16 |
| Operating Margin | 20.1% | 4/16 |
| Net Margin | 16.9% | 3/14 |
| EBT Margin | 20.5% | 3/16 |
| Tax Rate | 11.7% | – |
| Metric | T | Rank |
|---|---|---|
| Current Ratio | 0.97x | 11/16 |
| Quick Ratio | 0.93x | 6/10 |
| D/E Ratio | 2.73x | 2/15 |
| Financial Leverage | 3.88x | 2/15 |
| Interest Coverage | 4.0x | 4/15 |
| Working Capital | -$1.55B | 15/16 |
| Metric | T | Rank |
|---|---|---|
| Operating Cash Flow | $35.62B | 2/18 |
| Free Cash Flow | $13.38B | 1/11 |
| Capital Spending | -$22.25B | 11/11 |
| OCF Growth YoY | -13.0% | 7/10 |
| FCF Growth YoY | -31.8% | 4/7 |
| FCF/Sales | 10.5% | 4/11 |
| CapEx/Sales | 17.5% | 4/11 |
| Metric | T | Rank |
|---|---|---|
| Asset Turnover | 0.30x | 8/12 |
| Receivables Turnover | 14.9x | 4/12 |
| Fixed Assets Turnover | 0.9x | 7/13 |
| Days Sales Outstanding | 24 days | 8/12 |
| Metric | T | Rank |
|---|---|---|
| Total Revenue | $127.24B | 2/13 |
| Operating Income | $25.60B | 2/18 |
| Net Income | $21.56B | 1/15 |
| SG&A Expense | $29.39B | 2/13 |
| Metric | T | Rank |
|---|---|---|
| Dividends Per Share | $1.17 | – |
| Payout Ratio | 38.0% | 2/5 |
| Shares Outstanding | 6852M | – |
| Total Current Assets | $51.83B | 12.1% of assets |
| Cash & Short-term Investments | $17.57B | 4.1% of assets |
| Accounts Receivable | $8.52B | 2.0% of assets |
| Inventory | $2.37B | 0.6% of assets |
| Total Liabilities | $301.93B | 70.5% of assets |
| Short-term Debt | $15.33B | 3.6% of assets |
Companies classified under the same SEC industry code as At&T Inc. (Telephone Communications (No Radiotelephone)): 29 common-stock issuers with a forecast this week, one row per issuer, largest first. This is a classification match, not a curated list of competitors.
Reveal all forecasts · See exact % predictions for all competitors
Sign up free| Company | 90-Day AI Forecast (Alpha) | Market Cap |
|---|---|---|
| T At&T Inc. | ▶ | $156.58B |
| VZ Verizon Communications Inc | ▶ | $180.86B |
| TIMB Tim S.A. | ▶ | $43.49B |
| VIV Telefonica Brasil S.A. | ▼ | $39.21B |
| LUMN Lumen Technologies, Inc. | ▶ | $5.15B |
| PHI Pldt Inc. | ▶ | $4.06B |
| TDS Telephone & Data Systems Inc /De/ | ▶ | $4.00B |
| IDT Idt Corp | ▲ | $2.06B |
| ATEX Anterix Inc. | ▶ | $1.66B |
| SHEN Shenandoah Telecommunications Co/Va/ | ▶ | $582M |
| ATNI Atn International, Inc. | ▼ | $399M |
| GLTK Globaltech Corp | ▲ | $248M |
| CXDO Crexendo, Inc. | ▲ | $193M |
| NUVR Nuvera Communications, Inc. | ▶ | $83M |
| SURG Surgepays, Inc. | ▼ | $7M |
| AMX America Movil Sab De Cv/ | ▶ | N/A |
| BCE Bce Inc | ▼ | N/A |
| CTGG Qwest Corp | ▼ | N/A |
| FULO Fullnet Communications Inc | ▼ | N/A |
| HWNI High Wire Networks, Inc. | ▼ | N/A |
| IQST Iqstel Inc | ▼ | N/A |
| MACT Machten, Inc. | ▼ | N/A |
| NTTYY Nippon Telegraph & Telephone Corp | ▼ | N/A |
| NXPL Nextplat Corp | ▶ | N/A |
| ORANY Orange | ▼ | N/A |
| SLDC Solidus Communications, Inc. | ▲ | N/A |
| TELFY Telefonica S A | ▶ | N/A |
| TEO Telecom Argentina Sa | ▲ | N/A |
| TKC Turkcell Iletisim Hizmetleri A S | ▼ | N/A |
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On Oct. 14, 2026, T is rated Neutral: its 90-day Alpha forecast sits in the middle 30% of the 5379 stocks scored that day.
A per-ticker accuracy statistic for T is published only once its sample size is known. Across our coverage, the out-of-sample test on 4537 stocks from 2025-01-06 to 2026-06-09 produced a positive net return in 73.7% of rebalance periods (factor-neutral book, net of estimated costs). Full backtest report
At&T Inc. forecasts are refreshed on trading days as the daily model run completes. The forecast on this page was produced on Oct. 14, 2026.
29 issuers in our coverage, T included, share the SEC industry code Telephone Communications (No Radiotelephone). The largest are: Verizon Communications Inc (VZ), Tim S.A. (TIMB), Telefonica Brasil S.A. (VIV), Lumen Technologies, Inc. (LUMN), Pldt Inc. (PHI), Telephone & Data Systems Inc /De/ (TDS).
This analysis is generated automatically using our proprietary AI systems and should not be considered personalized investment advice. Past performance does not guarantee future results. Always conduct your own research and consider consulting a financial advisor before making investment decisions.
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