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Beyond The Numbers: 14 Analysts Discuss AT&T Stock
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Beyond The Numbers: 14 Analysts Discuss AT&T Stock
Dec 24, 2024 10:31 AM

14 analysts have expressed a variety of opinions on AT&T ( T ) over the past quarter, offering a diverse set of opinions from bullish to bearish.

The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months.

Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish
Total Ratings 5 7 2 0 0
Last 30D 0 0 0 0 0
1M Ago 4 3 0 0 0
2M Ago 0 0 0 0 0
3M Ago 1 4 2 0 0

Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $26.0, a high estimate of $30.00, and a low estimate of $21.00. This current average has increased by 8.65% from the previous average price target of $23.93.

Exploring Analyst Ratings: An In-Depth Overview

The perception of AT&T ( T ) by financial experts is analyzed through recent analyst actions. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.

Analyst Analyst Firm Action Taken Rating Current Price Target Prior Price Target
John Hodulik UBS Raises Buy $30.00 $25.00
James Schneider Goldman Sachs Raises Buy $28.00 $25.00
Richard Choe JP Morgan Raises Overweight $28.00 $25.00
Michael Rollins Citigroup Raises Buy $28.00 $26.00
Timothy Horan Oppenheimer Raises Outperform $27.00 $24.00
Kannan Venkateshwar Barclays Raises Overweight $27.00 $24.00
Michael Rollins Citigroup Raises Buy $26.00 $24.00
Jonathan Atkin RBC Capital Maintains Sector Perform $22.00 $22.00
Vijay Jayant Evercore ISI Group Raises In-Line $21.00 $19.00
Timothy Horan Oppenheimer Raises Outperform $24.00 $23.00
Eric Luebchow Wells Fargo Lowers Overweight $24.00 $25.00
Kannan Venkateshwar Barclays Raises Overweight $24.00 $22.00
Eric Luebchow Wells Fargo Raises Overweight $25.00 $22.00
Ivan Feinseth Tigress Financial Raises Buy $30.00 $29.00

Key Insights:

Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to AT&T ( T ). This information provides a snapshot of how analysts perceive the current state of the company.

Rating: Analysts unravel qualitative evaluations for stocks, ranging from 'Outperform' to 'Underperform'. These ratings offer insights into expectations for the relative performance of AT&T ( T ) compared to the broader market.

Price Targets: Gaining insights, analysts provide estimates for the future value of AT&T's ( T ) stock. This comparison reveals trends in analysts' expectations over time.

To gain a panoramic view of AT&T's ( T ) market performance, explore these analyst evaluations alongside essential financial indicators. Stay informed and make judicious decisions using our Ratings Table.

Stay up to date on AT&T ( T ) analyst ratings.

All You Need to Know About AT&T

The wireless business contributes nearly 70% of AT&T's ( T ) revenue. The firm is the third-largest US wireless carrier, connecting 72 million postpaid and 17 million prepaid phone customers. Fixed-line enterprise services, which account for about 15% of revenue, include internet access, private networking, security, voice, and wholesale network capacity. Residential fixed-line services, about 11% of revenue, primarily consist of broadband internet access, serving 14 million customers. AT&T ( T ) also has a sizable presence in Mexico, with 23 million customers, but this business only accounts for 4% of revenue. The firm recently agreed to sell its 70% equity stake in satellite television provider DirecTV to its partner, private equity firm TPG.

Understanding the Numbers: AT&T's Finances

Market Capitalization: Exceeding industry standards, the company's market capitalization places it above industry average in size relative to peers. This emphasizes its significant scale and robust market position.

Negative Revenue Trend: Examining AT&T's ( T ) financials over 3 months reveals challenges. As of 30 September, 2024, the company experienced a decline of approximately -0.45% in revenue growth, reflecting a decrease in top-line earnings. When compared to others in the Communication Services sector, the company faces challenges, achieving a growth rate lower than the average among peers.

Net Margin: AT&T's ( T ) net margin is below industry averages, indicating potential challenges in maintaining strong profitability. With a net margin of -0.75%, the company may face hurdles in effective cost management.

Return on Equity (ROE): AT&T's ( T ) ROE excels beyond industry benchmarks, reaching -0.22%. This signifies robust financial management and efficient use of shareholder equity capital.

Return on Assets (ROA): AT&T's ( T ) ROA falls below industry averages, indicating challenges in efficiently utilizing assets. With an ROA of -0.06%, the company may face hurdles in generating optimal returns from its assets.

Debt Management: With a below-average debt-to-equity ratio of 1.43, AT&T ( T ) adopts a prudent financial strategy, indicating a balanced approach to debt management.

The Significance of Analyst Ratings Explained

Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.

Beyond their standard evaluations, some analysts contribute predictions for metrics like growth estimates, earnings, and revenue, furnishing investors with additional guidance. Users of analyst ratings should be mindful that this specialized advice is shaped by human perspectives and may be subject to variability.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.

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