Bernstein analyst Laurent Yoon raised the firm’s price target on AT&T to $30 from $29 and keeps an Outperform rating on the shares. The firm says AT&T’s postpaid plans are priced at a premium compared to its peers, yet it has managed to grow its subscriber base in recent years. Fiber-led bundling accounted for 15%-30% of postpaid phone net adds in the last quarter, Bernstein notes. Additionally, the firm highlights that AT&T has maintained the lowest postpaid churn rate in recent years.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on T:
- AT&T’s Strategic Fiber-Led Growth and Churn Management Justify Buy Rating
- AT&T recommends shareholders reject mini-tender offer from TRC Capital
- AT&T Stockholders Show Strong Leadership Support
- Verizon Sacrifices DEI Policies to Seal $10B Acquisition of Frontier Communications
- Voip-Pal.com affirms court acceptance of Second Amended Complaint