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 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. 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 compared to the broader market.
- Price Targets: Gaining insights, analysts provide estimates for the future value of AT&T's stock. This comparison reveals trends in analysts' expectations over time.
To gain a panoramic view of AT&T's 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 analyst ratings.
All You Need to Know About AT&T
The wireless business contributes nearly 70% of AT&T's 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 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 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 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 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 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 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.
Breaking: Wall Street's Next Big Mover
Benzinga's #1 analyst just identified a stock poised for explosive growth. This under-the-radar company could surge 200%+ as major market shifts unfold. Click here for urgent details.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
|---|
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
