J.P. Morgan analyst Sebastiano Petti maintains $AT&T (T.US)$ with a buy rating, and adjusts the target price from $24 to $25.
According to TipRanks data, the analyst has a success rate of 60.7% and a total average return of 0.8% over the past year.
Furthermore, according to the comprehensive report, the opinions of $AT&T (T.US)$'s main analysts recently are as follows:
The improved operational execution and cash flow comparisons at AT&T are seen as reassuring for the company's projections leading into 2025.
AT&T demonstrated a robust quarter, marked by significant operating leverage and progress in reducing debt. While management remained reserved about long-term targets during the Analyst Day event, it appears that the company is well-poised to meet its 2024 objectives, thanks in part to the advantages of oligopolistic competition and substantial investments in its network infrastructure.
AT&T's recent quarter was characterized as somewhat mixed, yet the performance regarding phone subscriptions and EBITDA has surpassed expectations. This comes in anticipation of a possible announcement of share buybacks in the early part of December.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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