10:54 AM EDT, 10/23/2025 (MT Newswires) -- AT&T ( T ) is expected to continue its subscriber growth, while balancing profitability and capital return objectives, despite softness in wireless average revenue per user in Q3, RBC said in a Thursday note.

With AT&T's ( T ) ongoing deployment of 3.45GHz spectrum and the company's plans to deploy the spectrum to nearly two-thirds of the US population by mid-November, RBC said it viewed the development as "positive" with AT&T ( T ) getting a spectrum capacity boost earlier and can expand the roll-out of its fixed wireless access services.

RBC said it considered the company's ability to "accelerate subscriber growth amidst a slowing market to be an advantage," as AT&T ( T ) moves into verticals such as the 55+ market and executes its convergence offerings.

RBC revised its 2025 estimates on AT&T ( T ) and now expected revenue and earnings before interest, taxes, deprecation and amortization of $125.2 billion and $46.3 billion, compared to $125.3 billion and $46.2 billion, previously.

RBC rated the company as outperform and lowered is price target to $30 from $31.

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