AT&T rated Outperform with $28 price target, focus on core business

From Investing.com: 2024-12-10 00:50:38

Bernstein analysts have initiated coverage on AT&T, Verizon, and T-Mobile with distinct ratings. AT&T rated Outperform with $28 price target, focusing on core telecom business. T-Mobile received Market Perform with $265 target, growing market share with FWA services. Verizon also rated Market Perform with $48 target, facing challenges in regaining competitive momentum.

AT&T’s stable core operations and attractive dividend yield make it a compelling investment, according to Bernstein. T-Mobile projected to double broadband market share in 5 years. Verizon’s FWA business performing well, but challenges in regaining competitive momentum.

Telecom sector showing steady growth with wireless connections and broadband demand. Companies prioritizing efficiencies and bundling strategies to remain competitive. AT&T stands out for return to core growth and attractive dividends, says Bernstein.



Read more at Investing.com: AT&T stands out among US telecom stocks in Bernstein coverage launch By Investing.com