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AT&T Inc (NYSE:T). shares have surged to a 52-week high, reaching a price level of $27.98, as the telecom giant continues to ride a wave of positive momentum. This impressive peak reflects a significant turnaround for the company, which has seen its stock value climb by 58.69% over the past year. Investors have responded favorably to AT&T’s strategic moves and financial performance, propelling the stock to new heights and marking a period of robust gains amidst a challenging market environment.
In other recent news, AT&T has been in exclusive negotiations to acquire the consumer fiber operations of Lumen Technologies, with the potential deal valued at over $5.5 billion. If completed, this acquisition could allow AT&T to expand its fiber network and phase out legacy copper-based broadband services. Analysts from Bernstein have maintained an Outperform rating for AT&T, with a price target of $29, citing strategic advantages in the proposed deal. Additionally, Goldman Sachs has reaffirmed a Buy rating on AT&T, noting the company’s potential for robust returns and highlighting its strong market position and fiber strategy. Meanwhile, Raymond (NSE:RYMD) James has increased its price target for AT&T to $29, up from $28, while maintaining a Strong Buy rating, emphasizing the company’s undervaluation and potential for growth.
AT&T’s recent financial guidance indicates expectations for earnings per share of at least $0.48 and free cash flow of $2.8 billion or more for the first quarter of 2025. The company also anticipates after-tax cash payments from DIRECTV ranging between $1.4 billion and $1.5 billion, with a total of $5.4 billion expected for the full year. Despite a competitive wireless market, Raymond James has adjusted its estimates for AT&T, forecasting 195,000 net postpaid additions and a slight reduction in mobility EBITDA margin. Additionally, AT&T has been exploring potential partnerships with BT and Orange, as part of BT’s strategy to revitalize its international business.
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