RBC Capital Sticks to Their Hold Rating for AT&T (T)

RBC Capital analyst Kutgun Maral maintained a Hold rating on AT&T (TResearch Report) on July 22 and set a price target of $20.00. The company’s shares closed last Monday at $18.53, close to its 52-week low of $18.24.

According to TipRanks.com, Maral is a 4-star analyst with an average return of 5.7% and a 48.0% success rate. Maral covers the Services sector, focusing on stocks such as Lions Gate Entertainment Class A, Endeavor Group Holdings Inc, and Paramount Global Class B.

AT&T has an analyst consensus of Moderate Buy, with a price target consensus of $23.22, a 26.3% upside from current levels. In a report issued on July 22, Barclays also downgraded the stock to Hold with a $20.00 price target.

See Insiders’ Hot Stocks on TipRanks >>

AT&T’s market cap is currently $131.7B and has a P/E ratio of 6.78.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

AT&T, Inc. is a holding company, which engages in the provision of telecommunications media and technology service. It operates through the following segments: Communications, WarnerMedia, Latin America and Xandr. The Communications segment provides services to businesses and consumers located in the U.S., or in U.S. territories, and businesses globally. The WarnerMedia segment develops, produces and distributes feature films, television, gaming and other content over various physical and digital formats. The Latin America segment provides entertainment and wireless services outside of the U.S. The Xandar segment provides advertising services. The company was founded in 1983 and is headquartered in Dallas, TX.

Read More on T:

Tired of arriving late to the Big Returns Party?​
Most investors don’t have major gainers like TSLA or NVDA on their radar from the start.
The profusion of opinions on social media and financial blogs makes it impossible to distinguish between real growth potential and pure hype.
​​For the past decade, we have developed and perfected technology designed to help private investors, just like you, find the best opportunities, with the greatest upside potential, in any financial climate.​
Learn More