Citi analyst Michael Rollins maintains $AT&T (T.US)$ with a buy rating, and maintains the target price at $24.
According to TipRanks data, the analyst has a success rate of 68.4% and a total average return of 13.1% 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 company has delivered a solid quarter, characterized by robust operating leverage and progress in debt reduction. Although long-term targets were not extensively discussed, it seems the company is well-positioned to meet its 2024 guidance, with advantages stemming from limited competition and significant investments in network infrastructure.
AT&T's recent quarterly performance has been characterized as somewhat mixed. Nevertheless, the company's phone subscriber numbers and EBITDA have been outpacing predictions, with anticipation building around a possible share repurchase announcement set for the beginning 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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