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Scotiabank Reduces PT on AT&T (T) to $29.50, Reiterates ‘Sector Perform’ Rating
Yahoo Finance· 2026-01-12 09:29
Core Viewpoint - AT&T Inc. is considered one of the most undervalued blue-chip stocks currently available for investment [1] Group 1: Analyst Ratings and Price Target - Scotiabank analyst Maher Yaghi has reduced the price target for AT&T from $30.25 to $29.50 while maintaining a 'Sector Perform' rating ahead of Q4 results [2] - The analyst anticipates positive revenue and EBITDA growth in the sector despite increased promotional activities in the wireless market during the holiday season, indicating a stable short-term outlook for AT&T's core operations [2] Group 2: Strategic Initiatives - AT&T has announced a partnership with American Airlines to provide free in-flight Wi-Fi to loyalty program members, which will be available on nearly all flights by early spring [3] - This initiative positions AT&T strategically in the growing in-flight connectivity market, potentially creating additional revenue streams [3] Group 3: Acquisitions and Network Enhancements - The FCC has approved AT&T's acquisition of UScellular spectrum licenses for $1.02 billion, which will enhance the company's network coverage, capacity, and performance [4] - This acquisition strengthens AT&T's long-term competitive positioning and supports growth in both wireless and broadband segments [4] Group 4: Company Overview - AT&T Inc. provides a range of telecom and technology services across the U.S. and Latin America, including wireless, wireline, and broadband offerings for both consumers and businesses [5]