AT&T’s Target Price Gets an Upgrade in June



AT&T’s stock performance

Analysts’ mean target price for AT&T (T) is $33.88 compared to its last closing price of $31.48—an estimated rise of 7.6% over the next 12 months. Based on Reuters data, among the 30 analysts tracking AT&T, 15 recommended a “buy,” two recommended a “sell,” and 13 recommended a “hold” as of June 4.

On June 4, AT&T closed at $31.48, which was 1.3% higher than its previous closing price, 8.8% lower than its 52-week high of $34.53, and 17.5% higher than its 52-week low of $26.80. The company’s market cap is $231.2 billion.

Based on AT&T’s closing price on June 4, the company has reported returns of -1.4% in the last five trading days, 2.5% in the trailing one-month period, and -2.9% in the trailing 12-month period. AT&T has reported returns of 10.3% year-to-date.

Article continues below advertisement

Growth projections

Analysts expect AT&T’s revenues to see YoY (year-over-year) changes of 15.1% to $44.88 billion in the second quarter, -0.3% to $45.59 billion in the third quarter, and -0.3% to $47.85 billion in the fourth quarter. Analysts also expect AT&T’s adjusted EPS to see YoY changes of -2.2% to $0.89 in the second quarter, 4.4% to $0.94 in the third quarter, and 3.5% to $0.89 in the fourth quarter.


More From Market Realist