Barclays analyst Kannan Venkateshwar maintains a Buy rating for AT&T with a price target of $30.00. The analyst consensus is a Strong Buy with an average price target of $30.73, implying a 13.94% upside from current levels. The company has a one-year high of $29.19 and a one-year low of $18.14, with an average volume of 32.39M. Corporate insider activity shows a negative sentiment, with an increase in insiders selling shares of T.
AT&T Inc. (T) has garnered significant attention from Wall Street analysts, with a strong consensus favoring a "Strong Buy" rating. According to TipRanks, 14 out of 14 analysts have given a "Strong Buy" rating to AT&T in the past three months, with an average price target of $30.63, representing a 13.57% upside from the current price of $26.97 [1].
Barclays analyst Kannan Venkateshwar, who maintains a "Buy" rating with a price target of $30.00, echoes this optimism. The analyst highlights AT&T's strong earnings call performance and strategic corporate events that support long-term growth. However, he also notes that high leverage and mixed technical indicators present risks. Venkateshwar emphasizes the importance of continued execution on strategic initiatives and debt reduction for future performance [2].
The one-year high for AT&T is $29.19, and the one-year low is $18.14, with an average volume of 32.39 million shares traded. Corporate insider activity shows a negative sentiment, with an increase in insiders selling shares of T. Despite this, the overall market sentiment remains bullish, with analysts expecting AT&T to perform well in the coming months [3].
In the past 12 months, AT&T has beaten its earnings estimates 75% of the time and its sales estimates 50% of the time. The company's performance has outpaced its overall industry, with a 75% earnings beat rate and a 50% sales beat rate. This strong performance, coupled with the analyst consensus, suggests that AT&T is poised for growth in the coming quarters [4].
References:
1. [TipRanks - AT&T Stock Forecast](https://www.tipranks.com/stocks/t/forecast)
2. [Barclays - AT&T Analyst Report](https://www.tipranks.com/stocks/t/forecast)
3. [AT&T Corporate Insider Activity](https://www.tipranks.com/stocks/t/forecast)
4. [AT&T Financial Forecast](https://www.tipranks.com/stocks/t/forecast)
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