Analyst Michael Rollins of Citi maintained a Buy rating on AT&T, retaining the price target of $32.00.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
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.