Stock Rating Downgrade
The Value Trend Rating for AT&T Inc (NYSE: T) weakened in recent days from B to C reflecting eroding fundamentals and low Appreciation Potential. Details supporting this lower rating are included in our next report.
Recent Price Action
AT&T Inc (NYSE: T) stock closed at $19.47 on 8/1/24 after an increase of 1.1%. Moreover, above average trading volume at 125% of normal accompanied the advance. The stock has risen 1.6% during the last week and has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
T is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
AT&T has a current Value Trend Rating of C (High Neutral). The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. AT&T has a neutral Power Rating of 59 and a slightly positive Appreciation Score of 60, leading to the High Neutral Value Trend Rating.
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