Analyst Michael Rollins of Citi maintained a Buy rating on AT&T, retaining the price target of $32.00.
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Michael Rollins has given his Buy rating due to a combination of factors including AT&T’s potential for modest annual service revenue growth and strategic volume expansion. He anticipates improved annual EBITDA growth and positive free cash flow generation, which are seen as strong financial indicators for the company.
Additionally, Rollins expects AT&T to offer valuable insights into its growing convergence opportunities at Citi’s upcoming TMT Conference, which could further enhance its market position. These factors collectively support a positive outlook for AT&T’s stock performance.
In another report released on August 21, J.P. Morgan also maintained a Buy rating on the stock with a $33.00 price target.
T’s price has also changed slightly for the past six months – from $26.650 to $28.740, which is a 7.84% increase.