AT&T (>bNYSE:T) continues to gain the attention of various analysts and financial institutions with several changes to the company's position and expectations. Primarily, the company's earnings, free cash flow, and wireless subscriber additions have surpassed estimates, resulting in significant surge in the stock. Simultaneously, AT&T has received numerous position changes in the portfolios of investment firms, with some choosing to purchase more while others are trimming their positions. Despite market fluctuations leading to a 0.1% decrease in share price, the company's stock thrived hitting a 52-week high at $24.04. AT&T's Q4 results have notably led to an elevation in stock targets by renowned financial institutions including TD Cowen, Scotiabank, and RBC Capital. Dividend announcements are a major factor leading to speculation around the stock being a valuable buy, with many considering it undervalued and a high-yield source of passive income. Other reports hint towards a possible stock buyback announcement. Despite the positive outlook, some reports suggest a possible caution for 'sell alert' on AT&T stock. Nevertheless, according to AT&T's robust performance, its stock has been considered among the 10 best undervalued stocks to buy right now.
Att Stocks News Analytics from Wed, 26 Jun 2024 20:14:05 GMT to Sat, 01 Feb 2025 17:47:07 GMT -
Rating 8
- Innovation 6
- Information 9
- Rumor -2
