Analysts’ Recommendations and Price Target Cuts for AT&T

Recently, AT&T (T) has received numerous price target cuts. On January 31, Suntrust Robinson lowered its target price for AT&T to $31 from $33. On the same day, Barclays cut AT&T’s price target from $32 to $31, while Cowen and Company cut AT&T’s price target from $36 to $35.

According to the data compiled by Reuters, as of February 6, 48% of the 31 analysts covering AT&T stock have given it “buy” ratings. Only 45% of analysts have given it “hold” ratings, while the remaining 7% have maintained bearish views on the stock, giving it “sell” ratings.

According to Wall Street analysts’ consensus, AT&T stock has a median target price of $34.00. The stock’s current market price is $29.56, which indicates a potential upside of 15% over the next 12 months.

AT&T has generated returns of -19.7% in the trailing-12-month period and -2.6% in the trailing-one-month period. AT&T’s share price has increased by 0.7% in the last five trading days. In comparison, Sprint (S), Verizon (VZ), and T-Mobile (TMUS) have generated returns of -3.3%, -0.4%, and -2.0%, respectively, in the last five trading days.

Wall Street analysts expect AT&T to report a ~7.8% rise in revenue to $184.0 billion in 2019 compared to $170.8 billion in 2018. Its adjusted EPS are expected to be $3.58 in 2019 compared to $3.52 in 2018.