AT&T Inc. (NYSE: T) is considered one of the most undervalued blue chip stocks by hedge funds, with a Buy rating and $31.00 price target from Raymond James. After reporting Q2 2025 results, total revenues and adjusted EBITDA grew 3.5% year-over-year. Adjusted EPS reached $0.54, up 6%, and free cash flow rose to $4.4 billion.

For Q3 2025, AT&T Inc. (NYSE: T) expects capital investment between $5 billion to $5.5 billion and free cash flow in the $4.5 billion to $5 billion range. The company provides telecommunications and technology services through its Communications and Latin America segments, offering wireline, wireless, and broadband services globally.

While AT&T (T) is seen as a solid investment, some AI stocks may offer greater upside potential with less downside risk. For those seeking an undervalued AI stock with potential benefits from tariffs and onshoring trends, consider exploring the best short-term AI stock. This article was originally published on Insider Monkey.

Read more at Yahoo Finance: Raymond James Remains a Buy on AT&T Inc. (T), Sets a PT of $31