Barclays analyst Kannan Venkateshwar maintains $AT&T (T.US)$ with a buy rating, and adjusts the target price from $24 to $27.
According to TipRanks data, the analyst has a success rate of 58.6% and a total average return of 9.5% over the past year.
Furthermore, according to the comprehensive report, the opinions of $AT&T (T.US)$'s main analysts recently are as follows:
Following a recent investor day, it is believed that AT&T is well positioned to meet its revenue, EBITDA, and free cash flow growth objectives, which are facilitating shareholder returns. The company's current strategy, focusing on connectivity, builds upon the approach initiated in 2021, emphasizing wireless and broadband connectivity.
Following a recent investor day, it is reported that the company has improved its multi-year service revenue and EBITDA guidance, anticipating a normalized free cash flow of $18B by 2027. The anticipated growth in broadband and mobility market share, coupled with EBITDA margin expansion, is expected to contribute to accelerating earnings and free cash flow per share growth, which is perceived as attractive at the current share levels.
AT&T shared a positive update on its multi-year financial outlook during the analyst meeting, while emphasizing its commitment to an organic investment and growth strategy. The combination of expected annual service revenue growth paired with accelerated EBITDA growth is seen as a potential catalyst for improved valuation. Additionally, the expanded fiber deployment strategy that aims to increase home coverage is considered to be favorable compared to previous projections and general consensus.
Note:
TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.
Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.
