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Posted June 23, 2015 by FTM Staff Analyst in NEWS
 
 

Barclays Upgrades AT&T To OW and PT to $39

This morning Barclays upgraded shares of AT&T to OW and raised its year-end price target to $39. Analyst Amir Rozwadowski cited that “…despite expectations for ongoing competitive pressure in the U.S. wireless market, the number of levers (i.e. revenue and cost synergies) that could positively impact AT&T’s bottom line post the imminent close of the DIRECTV transaction are too material to ignore.”

We rate Barclays as one of the top analysts for AT&T at 90%. Out of 17 analysts covering the stock, there are 10 buys, 6 holds and 1 sell for AT&T.

FTM Staff Analyst

 


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