uploads///stock _

AT&T and T-Mobile: Analysts’ Views and Target Price

By

May. 20 2019, Published 1:40 p.m. ET

Stock price movements

AT&T (T) closed at $31.62 on May 16, which was 1.2% higher than its previous closing price, 18.0% higher than its 52-week low of $26.80, and 8.4% below its 52-week high of $34.53. AT&T’s market capitalization was $230.76 billion, while its trailing and forward PE ratios were 12.28x and 8.78x, respectively.

AT&T released its first-quarter results before the market bell on April 24. The stock fell 1.5% from $32.10 on April 23 to $31.62 on May 16. The company missed analysts’ average revenue estimate by $287 million and met analysts’ average adjusted EPS estimate of $0.86 in the first quarter.

Article continues below advertisement

T-Mobile (TMUS) closed at $75.38 on May 16, which was 1.0% higher than its previous closing price, 36.5% higher than its 52-week low of $55.23, and 2.3% below its 52-week high of $77.13. T-Mobile’s market capitalization was $64.4 billion, while its trailing and forward PE ratios were 20.64x and 17.81x, respectively.

T-Mobile released its first-quarter results after the market closed on April 25. T-Mobile stock rose 3.7% from $72.71 on April 25 to $75.38 on May 16. The company beat analysts’ average revenue estimate by $81 million and the average adjusted EPS estimate by $0.15 to reach $1.06 in the first quarter. AT&T’s trailing and forward PE ratios are lower than T-Mobile’s ratios.

Analysts’ recommendations and target prices

Among the 31 analysts covering AT&T stock, 16 recommended a “buy,” 13 recommended a “hold,” and two recommended a “sell.” Analysts’ 12-month target price on the stock is $33.85, which is 7.1% higher than its closing price on May 16. The lowest target price estimate for the company is $21, while the highest target price estimate is $43.

Among the 22 analysts covering T-Mobile stock, 19 recommended a “buy,” while three recommended a “hold.” None of the analysts recommended a “sell.” Analysts’ 12-month target price is $82.53, which is 9.5% higher than its closing price on May 16. The lowest target price estimate for the company is $71, while the highest target price estimate is $104.

Advertisement

More From Market Realist