Scotiabank downgraded AT&T to Sector Perform from Outperform with a $30.25 price target AT&T is expected to post 2% revenue and EBITDA growth in Q3, driven by mobility and consumer strength, while business segment weakness persists, the analyst tells investors in a research note. The stock has benefited from steady growth and improved cash flow stability but may face challenges outperforming peers without a significant earnings surprise, given its current valuation and 4.1% dividend yield, the firm says.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on T:
- AT&T downgraded to Sector Perform from Outperform at Scotiabank
- AT&T downgraded to Equal Weight from Overweight at Barclays
- AT&T Completes $5 Billion Global Notes Sale
- Charter price target lowered to $355 from $440 at BofA
- The Battle of the Big Three Telcos: T-Mobile (TMUS), Verizon (VZ), and AT&T (T)