On Oct 24, major Wall Street analysts update their ratings for $AT&T (T.US)$, with price targets ranging from $24 to $26.
Barclays analyst Kannan Venkateshwar maintains with a buy rating, and adjusts the target price from $22 to $24.
Wells Fargo analyst Eric Luebchow maintains with a buy rating, and maintains the target price at $24.
TD Cowen analyst Gregory Williams maintains with a hold rating, and maintains the target price at $26.
Oppenheimer analyst Timothy Horan maintains with a buy rating, and adjusts the target price from $23 to $24.
Scotiabank analyst Maher Yaghi maintains with a buy rating, and maintains the target price at $24.
Furthermore, according to the comprehensive report, the opinions of $AT&T (T.US)$'s main analysts recently are as follows:
AT&T's operational execution enhancements and comparative cash flow figures are expected to offer reassurance about projections for the year 2025.
The company has reported a solid quarter highlighted by significant operating leverage and debt reduction. While management did not provide extensive insight into its long-term targets during the Analyst Day, the company seems poised to achieve its 2024 guidance. This outlook is supported by a market with limited competition and substantial investments in its network infrastructure.
The firm noted that AT&T's recent quarterly results presented a mixed picture, yet the company's phone subscriptions and EBITDA performance exceeded expectations, coupled with the anticipation of a potential share buyback announcement in early December.
Here are the latest investment ratings and price targets for $AT&T (T.US)$ from 5 analysts:
Note:
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