Core Viewpoint - AT&T's stock price has retreated from a five-year high, presenting an attractive buying opportunity for investors as the company plans to provide fiber services to 60 million households and businesses, and has recently acquired spectrum from EchoStar, positioning itself as a clear leader in the convergence space [1] Group 1: Analyst Ratings and Price Target - KeyBanc upgraded AT&T's rating from "in line with the industry" to "overweight" due to the company's appealing growth prospects and capital returns, setting a target price of $30 [1] - Analysts expect AT&T's convergence user base to reach approximately 6.2 million by the end of 2025 and nearly double to about 12 million by 2030, significantly outpacing its closest competitor [1] Group 2: Financial Projections - KeyBanc analysts project AT&T's adjusted EBITDA growth to increase from about 3% in 2025 to nearly 5% by 2027/2028, driven by growth in mobile and broadband services along with cost savings [1] - By 2026, the expected shareholder capital return is $2.12 per share (approximately 8.5% yield), which is considered relatively attractive, with an anticipated total return rate close to 15% when combined with a projected 6% earnings growth [1] Group 3: Recent Performance - Following the recent quarterly performance announcement, AT&T added 288,000 fiber users, exceeding expectations, and net additions of 405,000 postpaid wireless users, surpassing the forecast of 331,000 [2] - Strong postpaid mobile network user growth and low churn rates, along with a 2.3% increase in mobile service revenue, indicate that the company's core wireless business remains robust [2]