Anyone know?
10 replies (most recent on top)
@1ygm with the world dependent on zero interest rates, they aren't going anywhere. the us itself would go bankrupt in a heartbeat, and it's the world's reserve currency. the US itself lent 20 trillion to the world in the wake of 2008, where there was only 600 billion in liquidity reserves total before that.
OP, these analysts are looking at the books and predicting future sales and earnings in every aspect of T’s (or any company’s) total business collective. With the last few months of T upgrades, not even to a Buy rating, keep a watch to see if there is an uptick in T price before they report earning in late January.
J.P. Morgan came out Dec. 3rd with an upgrade to a Buy on T.
Citigroup upgraded to a Buy on the 11th
Several others, since early November, upgraded to Outperform or Overweight. Sell signs have been disappearing in the past few months, interestingly enough, since the purchase of TW.
The top 20+ analysts, in the game, have T valued on average at $38. One high flyer says $48 (I would have a nose bleed if that ever happened) one Nay Sayer feels $28, I suppose that almost speaks for itself. To those who would doubt the median price from these analysts, I would ask a question to Traders and long term investors:
If these same top Wall Street analysts have a Buy rating (or positive stock upgrades with higher stock price targets) on Amazon, Google, Facebook and the like, as well as T....why would you doubt one but believe the other? Relieving the mind of personal stock biased isn’t an easy thing to do when your own money is on the line, or you work for the company in question.
To those T’s that have survived up to now, I will steal a movie quote, “Be Happy In Your Work.”
Good luck
One grates cheese, one grades stocks.
@1ayh - You are forgetting that interest rates have been near zero for the last ten years until now and the quintupling of AT&T's debt since then.
Looking all the way back to 2006, AT&T's free cash flow looks pretty recession proof actually. It even bounced substantially in Q4 2008 for some reason. It doesn't seem to be heavily dependent on the general flow of the overall economy.
https://www.macrotrends.net/stocks/charts/T/at-t/price-fcf
It is about a year since the last dividend hike. To maintain pace with inflation, it would have to do up 1½¢. Then there are Fed interest rate hikes to consider.
I'm wondering what we're going to see this December. After all, T is an income stock.
Cuz We are already in a Bear market, T is in BIg trouble, let see how are they going to pull out of the 185B debt card, remember the last recession? they denied it as long as they could...LOL
what is the 1st thing you do when you are unemployed? cut Cable bill and dinning out
They are rating a buy stock because AT&T Execs have told Wall Street they expect to increase the dividend 50%.
You know the more the stock falls, the more likely it is to get a buy rating, right?
They need to give it a buy rating just to keep it at $30 so that the hedge funds can dump it for the mo--ns on seeking alpha to be left holding the bag.
As stated in the thread below this one, T is worth closer to 30 cents than 30 dollars.
90% chance it makes a new 52 week low by the end of the year.