Two of the biggest Wall Street firms are predicting AT&T stock prices might be seeing some growth. Goldman Sachs and KeyBanc are giving a green light for gains with some key factors listed below:
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AT&T (T) raised price targets from Goldman Sachs ($33) and KeyBanc ($36) on adoption of three-segment reporting structure that separates high-performing Advanced Connectivity (90% of revenue, 95% of EBITDA) from declining Legacy operations, with fiber convergence rate climbing 200 basis points year-over-year to 42% and Advanced Connectivity EBITDA expected to grow 6-7% annually.
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AT&T’s new segment reporting provides investor transparency into returns on 5G and fiber investments, positioning the company to exceed 12 million converged customers by 2030 while offsetting Legacy segment decline.
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AT&T (NYSE:T) has introduced new segment reporting tied to its 5G and fiber investments.
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The company closed its acquisition of Lumen’s Mass Markets fiber business earlier than initially planned.
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These moves are intended to give clearer insight into returns on network investment and expand AT&T’s converged customer base.
With some good news coming from Wall Street on potential gains and a positive economic forecast, will AT&T continue to invest in its network and its people to ensure this continued success? CWA members have made these plans and goals possible and share in the Company’s success. This is a glowing example of how a Union/Corporate business can operate in a free market economy and lead in its industry or sector.
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