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The wireless business contributes nearly 70% of AT&T's revenue. The firm is the third-largest US wireless carrier, connecting 72 million postpaid and 17 million prepaid phone customers. Fixed-line enterprise services, which account for about 15% of revenue, include internet access, private networking, security, voice, and wholesale network capacity. Residential fixed-line services, about 11% of revenue, primarily consist of broadband internet access, serving 14 million customers. AT&T also has a sizable presence in Mexico, with 23 million customers, but this business only accounts for 4% of revenue. The firm recently agreed to sell its 70% equity stake in satellite television provider DirecTV to its partner, private equity firm TPG.

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AT&amp;T Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/T#NYSE">T</a>) won the Federal Communications Commission&#8217;s consent to replace old copper home phone lines with new <a target="_blank" href="https://www.benzinga.com/topic/telecom" rel="noreferrer noopener">wireless landline technology</a>.
The approval concerns only a handful of Oklahoma residences where AT&amp;T seeks to retire the costly technology, Bloomberg <a target="_blank" href="https://www.bloomberg.com/news/articles/2024-12-23/at-t-can-substitute-wireless-home-phone-for-copper-fcc-says?srnd=phx-technology&amp;sref=TBDibEcD" rel="noreferrer noopener">reports</a>.
However, it could open the door to more neighborhoods.
Also Read: <a target="_blank" href="https://www.benzinga.com/media/24/11/41941228/att-data-breach-exposes-50-billion-records-hackers-identified-ransom-paid" rel="noreferrer noopener">AT&amp;T Data Breach Exposes 50 Billion Records: Hackers Identified, Ransom Paid</a>
Previously the telecom company launched a landline option that was compatible with home handsets, leveraging its wireless phone network with the internet as a backup.
AT&amp;T <a target="_blank" href="https://www.benzinga.com/24/12/42291862/att-boosts-2024-guidance-targets-22-billion-annual-capital-investment-through-2027-more" rel="noreferrer noopener">targets updating its</a> 5G network and expanding its fiber coverage to 50 million locations by 2029, including retiring its legacy copper network operations.
The company expects to produce over $50 billion in financial capacity over the next three years, mainly through organic growth for 2025-2027, backed by $22 billion in annual capital investment. AT&amp;T eyes $40 billion in shareholder return through $20 billion in dividends and $20 billion in repurchases during the period.
Goldman Sachs analyst James Schneider&nbsp;flagged AT&amp;T&#8217;s aggressive <a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/11/42041442/att-leverages-fiber-expansion-analyst-forecasts-strong-returns" rel="noreferrer noopener">expansion of its</a> fiber network across the U.S., which has the potential to drive broadband revenue growth and offset legacy declines. Schneider noted AT&amp;T leveraging cross-selling opportunities between fiber and wireless services to boost per-customer returns.
With the ongoing implementation of its copper decommissioning plan, Schneider observed that AT&amp;T&#8217;s Wireline margins may improve even as legacy revenues decline. He projected potential cost savings of $4.5 billion from these initiatives.
AT&amp;T stock surged over 33% year-to-date. Investors can gain exposure to the stock through iShares MSCI ACWI ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ACWI#NASDAQ">ACWI</a>) and Avantis U.S. Equity ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AVUS#NYSE">AVUS</a>).
Price Action: T stock closed up by 0.48% to $22.95 on Tuesday.
Also Read:
<ul>
<li><a href="https://www.benzinga.com/news/24/11/41819222/at-t-buys-1-billion-in-spectrum-licenses-from-us-cellular-to-boost-network-reach" target="_blank" rel="noreferrer noopener">AT&amp;T Buys $1 Billion in Spectrum Licenses from US Cellular to Boost Network Reach</a></li>
</ul>
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AT&T Gains FCC Approval to Replace Copper Lines With Wireless Tech

14 analysts have expressed a variety of opinions on AT&amp;T (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/T#NYSE">T</a>) over the past quarter, offering a diverse set of opinions from bullish to bearish.
The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th align="right">Bullish</th>
<th align="right">Somewhat Bullish</th>
<th align="right">Indifferent</th>
<th align="right">Somewhat Bearish</th>
<th align="right">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td align="right">5</td>
<td align="right">7</td>
<td align="right">2</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td align="right">4</td>
<td align="right">3</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td align="right">1</td>
<td align="right">4</td>
<td align="right">2</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
</tbody>
</table>
Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $26.0, a high estimate of $30.00, and a low estimate of $21.00. This current average has increased by 8.65% from the previous average price target of $23.93. 
<img src="https://www.benzinga.com/files/images/story/2024/1735063218_0.png" alt="price target chart" />
<h2>Exploring Analyst Ratings: An In-Depth Overview</h2>
The perception of AT&amp;T by financial experts is analyzed through recent analyst actions. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>John Hodulik</td>
<td>UBS</td>
<td>Raises</td>
<td>Buy</td>
<td>$30.00</td>
<td>$25.00</td>
</tr>
<tr>
<td>James Schneider</td>
<td>Goldman Sachs</td>
<td>Raises</td>
<td>Buy</td>
<td>$28.00</td>
<td>$25.00</td>
</tr>
<tr>
<td>Richard Choe</td>
<td>JP Morgan</td>
<td>Raises</td>
<td>Overweight</td>
<td>$28.00</td>
<td>$25.00</td>
</tr>
<tr>
<td>Michael Rollins</td>
<td>Citigroup</td>
<td>Raises</td>
<td>Buy</td>
<td>$28.00</td>
<td>$26.00</td>
</tr>
<tr>
<td>Timothy Horan</td>
<td>Oppenheimer</td>
<td>Raises</td>
<td>Outperform</td>
<td>$27.00</td>
<td>$24.00</td>
</tr>
<tr>
<td>Kannan Venkateshwar</td>
<td>Barclays</td>
<td>Raises</td>
<td>Overweight</td>
<td>$27.00</td>
<td>$24.00</td>
</tr>
<tr>
<td>Michael Rollins</td>
<td>Citigroup</td>
<td>Raises</td>
<td>Buy</td>
<td>$26.00</td>
<td>$24.00</td>
</tr>
<tr>
<td>Jonathan Atkin</td>
<td>RBC Capital</td>
<td>Maintains</td>
<td>Sector Perform</td>
<td>$22.00</td>
<td>$22.00</td>
</tr>
<tr>
<td>Vijay Jayant</td>
<td>Evercore ISI Group</td>
<td>Raises</td>
<td>In-Line</td>
<td>$21.00</td>
<td>$19.00</td>
</tr>
<tr>
<td>Timothy Horan</td>
<td>Oppenheimer</td>
<td>Raises</td>
<td>Outperform</td>
<td>$24.00</td>
<td>$23.00</td>
</tr>
<tr>
<td>Eric Luebchow</td>
<td>Wells Fargo</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$24.00</td>
<td>$25.00</td>
</tr>
<tr>
<td>Kannan Venkateshwar</td>
<td>Barclays</td>
<td>Raises</td>
<td>Overweight</td>
<td>$24.00</td>
<td>$22.00</td>
</tr>
<tr>
<td>Eric Luebchow</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Overweight</td>
<td>$25.00</td>
<td>$22.00</td>
</tr>
<tr>
<td>Ivan Feinseth</td>
<td>Tigress Financial</td>
<td>Raises</td>
<td>Buy</td>
<td>$30.00</td>
<td>$29.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to AT&amp;T. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Analysts unravel qualitative evaluations for stocks, ranging from 'Outperform' to 'Underperform'. These ratings offer insights into expectations for the relative performance of AT&amp;T compared to the broader market.</li>
<li>Price Targets: Gaining insights, analysts provide estimates for the future value of AT&amp;T's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
To gain a panoramic view of AT&amp;T's market performance, explore these analyst evaluations alongside essential financial indicators. Stay informed and make judicious decisions using our Ratings Table.
<a href="https://www.benzinga.com/quote/T/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on AT&amp;T analyst ratings.</a>
<h2>All You Need to Know About AT&amp;T</h2>
The wireless business contributes nearly 70% of AT&amp;T's revenue. The firm is the third-largest US wireless carrier, connecting 72 million postpaid and 17 million prepaid phone customers. Fixed-line enterprise services, which account for about 15% of revenue, include internet access, private networking, security, voice, and wholesale network capacity. Residential fixed-line services, about 11% of revenue, primarily consist of broadband internet access, serving 14 million customers. AT&amp;T also has a sizable presence in Mexico, with 23 million customers, but this business only accounts for 4% of revenue. The firm recently agreed to sell its 70% equity stake in satellite television provider DirecTV to its partner, private equity firm TPG.
<h3>Understanding the Numbers: AT&amp;T's Finances</h3>
Market Capitalization: Exceeding industry standards, the company's market capitalization places it above industry average in size relative to peers. This emphasizes its significant scale and robust market position.
Negative Revenue Trend: Examining AT&amp;T's financials over 3 months reveals challenges. As of 30 September, 2024, the company experienced a decline of approximately -0.45% in revenue growth, reflecting a decrease in top-line earnings. When compared to others in the Communication Services sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Net Margin: AT&amp;T's net margin is below industry averages, indicating potential challenges in maintaining strong profitability. With a net margin of -0.75%, the company may face hurdles in effective cost management.
Return on Equity (ROE): AT&amp;T's ROE excels beyond industry benchmarks, reaching -0.22%. This signifies robust financial management and efficient use of shareholder equity capital.
Return on Assets (ROA): AT&amp;T's ROA falls below industry averages, indicating challenges in efficiently utilizing assets. With an ROA of -0.06%, the company may face hurdles in generating optimal returns from its assets.
Debt Management: With a below-average debt-to-equity ratio of 1.43, AT&amp;T adopts a prudent financial strategy, indicating a balanced approach to debt management.
<h2>The Significance of Analyst Ratings Explained</h2>
Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.
Beyond their standard evaluations, some analysts contribute predictions for metrics like growth estimates, earnings, and revenue, furnishing investors with additional guidance. Users of analyst ratings should be mindful that this specialized advice is shaped by human perspectives and may be subject to variability.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.

Analyst Ratings

Beyond The Numbers: 14 Analysts Discuss AT&T Stock

Amazon.com Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) and Rivian Automotive (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVN#NASDAQ">RIVN</a>) have been partners in an electric delivery van deal since the EV company <a href="https://www.benzinga.com/trading-ideas/long-ideas/21/11/24017625/amazon-doubling-down-on-rivian-ipo-what-investors-need-to-know">went public in 2021</a>. Here's a look at the recent milestone hit and what's next for both companies.
What Happened: Amazon partnered with Rivian, a <a href="https://www.benzinga.com/markets/equities/24/06/39529434/rivian-investor-day-highlights-ceo-scaringe-focuses-on-amazon-tesla-partnerships-says-ev-chargin">company it invested in</a> prior to the 2021 IPO, on a deal for 100,000 electric delivery vehicles with a goal to have all the vehicles on the road by 2030.
With six years left to go, Amazon is one-fifth of the way to that goal, which is part of an overall Climate Pledge to have net-zero carbon emissions by 2040.
Amazon had its first Rivian EDV on the road in 2022 and now has over 20,000 of the Rivian vehicles in its fleet, according to a report from <a href="https://www.teslarati.com/amazon-announces-major-milestone-in-ev-transition-with-rivian/amp/">Teslarati</a>.
While the majority of the vehicles are operating in the United States, Amazon is also using the electric delivery vans in Europe.
For Amazon, the use of the electric delivery vans gets the company closer to its goal of net-zero carbon emissions, while also making things more efficient for drivers.
In 2024, over one billion Amazon packages have been delivered using the Rivian electric delivery vans.
Read Also: <a href="https://www.benzinga.com/news/earnings/24/11/41825787/rivian-q3-earnings-highlights-revenue-eps-miss-ceo-confident-in-q4-gross-profit-r2-being-fundamenta">Rivian Q3 Earnings Highlights: Revenue, EPS Miss, CEO Confident In Q4 Gross Profit, R2 Being &#8216;Fundamental Driver&#8217; Of Growth</a>
What's Next: Though the 20,000 milestone may only be one-fifth of the way to the 100,000 goal, it has been rapidly increasing. In March 2023, Amazon had only 3,000 of the Rivian vans in its fleet according to the report.
Amazon will continue to anticipate deliveries of the Rivian vehicles to meet its climate goals and to streamline driver efficiency.
For Rivian, the Amazon 100,000 unit order remains a key priority and can help provide a strong cushion of production and delivery unit figures as it awaits its new consumer vehicle models.
Rivian CEO RJ Scaringe shared earlier this year that the electric delivery vans for Amazon rolled out slower than anticipated.
Back in November 2023, Rivian announced that it had <a href="https://www.benzinga.com/news/earnings/23/11/35659331/rivian-stock-upshifts-on-strong-q3-earnings-eps-beat-revenue-beat-increased-production-guidance-and">amended its deal</a> with Amazon to no longer be exclusive.
"We have amended our Amazon agreement with terms and conditions, which provide the opportunity to sell commercial vans to other customers, helping more companies reduce their CO2 emissions," Scaringe said at the time.
Rivian also said at the time that it was in "active discussions" with other potential EDV fleet customers. In December 2023, Rivian announced a deal with AT&amp;T Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/T#NYSE">T</a>).
Amazon remains a large shareholder in Rivian with a reported stake of around 16%. The e-commerce leader will continue to collect deliveries of Rivian EDVs.
For Rivian, the company will deliver vehicles to Amazon and also look to diversify to other customers as it grows its EDV segment alongside its consumer vehicle division.
RIVN Price Action: Rivian stock is down 1% to $12.98 on Thursday versus a 52-week trading range of $8.26 to $24.61. Rivian stock is down 39% year-to-date in 2024 and down around 90% since its market debut in 2021.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/equities/23/10/35235038/rivian-ceo-rj-scaringe-reveals-big-question-jeff-bezos-had-before-amazon-picked-up-stake-in-ev-s">Rivian CEO RJ Scaringe Reveals Big Question Jeff Bezos Had Before Amazon Picked Up Stake In EV Startup: &#8216;Do We Understand The Chessboard?</a></li>
</ul>
Photo: Amazon

Trading Ideas

AMZN

RIVN

Amazon Has 20,000 Rivian Electric Delivery Vans In Fleet: Here's What Could Be Next For Both Companies

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul>
<li>Mizuho raised the price target for Booking Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BKNG#NASDAQ">BKNG</a>) from $5,400 to $6,000. Mizuho analyst James Lee maintained an Outperform rating. Booking shares closed at $4,943.35 on Wednesday. See how other analysts view this stock.</li>
<li>Wedbush slashed the price target for Micron Technology, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>) from $140 to $125. Wedbush analyst Matt Bryson maintained an Outperform rating. Micron shares closed at $103.90 on Wednesday. <a href="https://www.benzinga.com/quote/MU/analyst-ratings">See how other analysts view this stock.</a></li>
<li>UBS boosted the price target for Jabil Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JBL#NYSE">JBL</a>) from $128 to $152. UBS analyst David Vogt maintained a Neutral rating. Jabil shares closed at $143.69 on Wednesday. <a href="https://www.benzinga.com/quote/JBL/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>BMO Capital raised Birkenstock Holding plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BIRK#NYSE">BIRK</a>) price target from $60 to $70. BMO Capital analyst Simeon Siegel maintained an Outperform rating. Birkenstock shares settled at $57.16 on Wednesday. <a href="https://www.benzinga.com/quote/BIRK/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Telsey Advisory Group raised RH (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RH#NYSE">RH</a>) price target from $485 to $500. Telsey Advisory Group analyst Cristina Fernandez upgraded the stock from Market Perform to Outperform. RH shares closed at $396.39 on Wednesday. <a href="https://www.benzinga.com/quote/RH/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Deutsche Bank cut PPG Industries, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PPG#NYSE">PPG</a>) price target from $150 to $145. Deutsche Bank analyst David Begleiter maintained a Buy rating. PPG shares closed at $121.25 on Wednesday.  <a href="https://www.benzinga.com/quote/PPG/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Wells Fargo raised C4 Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CCCC#NASDAQ">CCCC</a>) price target from $8 to $12. Wells Fargo analyst Derek Archila upgraded the stock from Equal-Weight to Overweight. C4 Therapeutics shares closed at $3.6550 on Wednesday. See how other analysts view this stock.</li>
<li>Jefferies raised the price target for SentinelOne, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/S#NYSE">S</a>) from $27 to $30. Jefferies analyst Joseph Gallo upgraded the stock from Hold to Buy. SentinelOne shares settled at $22.05 on Wednesday. <a href="https://www.benzinga.com/quote/S/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Stifel raised DT Midstream, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DTM#NYSE">DTM</a>) price target from $89 to $106. Stifel analyst Selman Akyol upgraded the stock from Hold to Buy. DT Midstream shares closed at $95.41 on Wednesday. <a href="https://www.benzinga.com/quote/DTM/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>UBS increased AT&amp;T Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/T#NYSE">T</a>) price target from $25 to $30. UBS analyst John Hodulik maintained a Buy rating. AT&amp;T shares closed at $22.48 on Wednesday. <a href="https://www.benzinga.com/quote/T/analyst-ratings">See how other analysts view this stock</a>.</li>
</ul>
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</ul>

Price Target

Markets

BIRK

BKNG

CCCC

AT&T To Rally More Than 33%? Here Are 10 Top Analyst Forecasts For Thursday

UBS analyst John Hodulik maintains AT&amp;T (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/T#NYSE">T</a>) with a Buy and raises the price target from $25 to $30.

UBS Maintains Buy on AT&T, Raises Price Target to $30

U.S. authorities are reportedly investigating Chinese router manufacturer TP-Link as a possible threat to national security after multiple cyberattacks have been linked to the <a href="https://www.benzinga.com/content/42521121/tp-link-archer-gxe75-with-wtfast-integration-now-available-on-amazon-in-the-usa">company's popular routers.</a>
What To Know: TP-Link is the top seller of routers on Amazon and holds about 65% of the U.S. market share of commercial and residential routers, speaking to the widespread use of the manufacturer's equipment, according to a Wall Street Journal <a href="https://www.wsj.com/politics/national-security/us-ban-china-router-tp-link-systems-7d7507e6?mod=hp_lead_pos1">report</a>. 
According to the Wall Street Journal's sources, three U.S. government departments — Commerce, Defense and Justice — opened probes into the company.&nbsp;&nbsp;
An office of the Department of Commerce subpoenaed TP-Link and the Department of Justice is investigating whether the company is violating a law against attempting a monopoly by selling products for less than cost, according to a person familiar with the matter. Earlier this year, the Department of Defence opened an investigation into national-security vulnerabilities in Chinese routers, according to people familiar with the matter, per the Wall Street Journal. 
Authorities could ban TP-Link routers in the U.S. as soon as next year, according to people familiar with the matter, the Journal said. 
Benzinga contacted Amazon and TP-Link to comment on the report and has not received a response at the time of publication.&nbsp;
Read Next: <a href="https://www.benzinga.com/general/market-summary/24/12/42535400/americans-bought-less-but-paid-more-says-peter-schiff-experts-digest-november-retail-sales-data">&#8216;Americans Bought Less But Paid More,&#8217; Says Peter Schiff: Experts Digest November Retail Sales Data</a>
TP-Link&#8217;s Aginet brand<a href="https://www.tp-link.com/us/press/news/20443/"> gained </a>significant traction with over 300 ISPs including AT&amp;T, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/T#NYSE">T</a>), Comcast Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CMCSA#NASDAQ">CMCSA</a>) and Verizon Communications Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VZ#NYSE">VZ</a>) choosing TP-Link as a supplier.&nbsp;
TP-Link routers are also used by the Department of Defense, National Aeronautics and Space Administration, Drug Enforcement Agency and other federal agencies, highlighting the potential risk of national-security vulnerabilities related to the Chinese routers. 
Why It Matters: If TP-Link routers are banned, it would mark the largest ban on Chinese technology in the U.S. since the Trump administration in 2019 prohibited equipment from Huawei Technologies. The Biden administration initiated probes into TP-Link, but any actions to be taken against the company will likely fall to the incoming Trump administration.&nbsp;
Read Next:&nbsp;
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</ul>
Photo: Shutterstock

Politics

Legal

Global

CMCSA

Trump Administration Could Ban Amazon's Top-Selling Routers Linked To Chinese Cyberattacks: Report

The Notes were redeemed at the redemption price of $830,285,156.25, which is equal to 100% of the principal amount of the Notes plus accrued interest payable through December 11, 2024. On a per note basis, the redemption price was approximately $25.160156.
 &nbsp;

Offerings

AT&T Reveals Redemption Of 5.625% Global Notes Due 2067

On Monday, T-Mobile US, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TMUS#NASDAQ">TMUS</a>) chief&nbsp;Mike Sievert&nbsp;cautioned investors against fourth quarter back-half risks. Bloomberg <a target="_blank" href="https://www.bloomberg.com/news/articles/2024-12-09/t-mobile-warns-investors-to-be-cautious-about-4q-results?srnd=phx-technology&amp;sref=TBDibEcD" rel="noreferrer noopener">cites</a> Sievert from the UBS&nbsp;investor conference. The telecom company expects some year-end factors to drag on results after a record third quarter. The stock plunged close to 10% on Monday&#8217;s close.
Also Read: <a target="_blank" href="https://www.benzinga.com/24/12/42394872/jack-ma-makes-rare-appearance-at-alibaba-fintech-event-stresses-on-ai-revolution" rel="noreferrer noopener">Jack Ma Makes Rare Appearance At Alibaba Fintech Event Stresses On AI Revolution</a>
Sievert flagged a &#8220;pretty low&#8221; device upgrade rate behind his warning. However, T-Mobile continues to expect to deliver industry-leading customer growth, service revenue growth (~5%&nbsp;CAGR through 2027), and adjusted EBITDA growth (~7%&nbsp;CAGR through 2027).
The company&#8217;s business plan supports ~$80 billion&nbsp;in capacity for investments and shareholder returns through 2027
T-Mobile reported third-quarter revenue of $20.16 billion, topping the analyst estimate of $20.01 billion. EPS of $2.61 surpassed the analyst estimate of $2.41.
The topline performance reflects record ARPA (postpaid average revenue per account)&nbsp;growth in seven years and higher-than-expected postpaid phone net additions.
T-Mobile US added 415,000 broadband customers in <a target="_blank" href="https://www.benzinga.com/news/earnings/24/10/41501756/t-mobile-reports-strong-q3-results-service-revenues-grew-5-yoy-fcf-grew-29-raised-fy24-guidance" rel="noreferrer noopener">the third quarter</a>, hitting a 6 million total customer milestone. The postpaid phone net customer additions were 865,000, surpassing Oppenheimer <a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41525139/t-mobiles-customer-growth-outpaces-verizon-at-t-combined-analysts-raise-forecasts" rel="noreferrer noopener">estimates by&nbsp;65,000</a>, beating&nbsp;Verizon Communications Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VZ#NYSE">VZ</a>)&nbsp;and&nbsp;AT&amp;T Inc&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/T#NYSE">T</a>)&nbsp;combined. Postpaid net account additions were 315,000 for the quarter.
In October, T-Mobile US said it expects net customer additions of 5.6 million-5.8 million (up from the prior 5.7 million) and core adjusted EBITDA of $31.6 billion-$31.8 billion.
Sievert told Bloomberg that T-Mobile&#8217;s fixed-wireless product will reach 12 million subscribers. He weighed whether the company could surpass the milestone.
Investors can gain exposure to T-Mobile US through Invesco BuyBack Achievers ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PKW#NASDAQ">PKW</a>) and The Communication Services Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLC#NYSE">XLC</a>).
Price Action: TMUS stock is up 1.72% at $232.79 at the last check on Tuesday.
Also Read:
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<li><a href="https://www.benzinga.com/government/regulations/24/12/42389113/nvidia-hit-with-antitrust-probe-in-china-stock-slides" target="_blank" rel="noreferrer noopener">Nvidia Hit With Antitrust Probe in China, Stock Slides</a></li>
</ul>
Photo by viewimage on Shutterstock

Guidance

TMUS

T-Mobile Reiterates Q4 Growth But Flags Drop In Device Upgrade Rates

As discussed during the Company's 2024 Analyst &amp; Investor Day,&nbsp;it expects 2025 Free Cash Flow of $16 billion+, when excluding DIRECTV.&nbsp;
The expected drivers of next year's free cash flow growth include Adjusted EBITDA growth, lower cash interest from lower debt balances, the absence of network termination fee payments in 2025 and lower working capital impacts in 2025 compared to 2024. These items are expected to more than offset an expected increase in cash taxes.
The Company continues to expect to achieve its net leverage target of net-debt-to-adjusted EBITDA in the 2.5x range in the first half of 2025 and maintain leverage within this range through 2027.
The Company expects to return $40 billion+ of this financial capacity to shareholders through dividends and share repurchases. Under this capital return plan, the Company expects to maintain its current annualized common stock dividend of $1.11 per share. This plan would result in $20 billion+ in total dividend payments, with capacity for about $20 billion in share repurchases, from 2025-2027.
 &nbsp;

AT&T Expects Its Multi-year Strategic Plan To Provide $50B+ Of Financial Capacity Over Next Three Years, Largely Through Organic Growth

In Mobility, the Company is building a more efficient, high-capacity, programmable and open network. By 2027, it expects to have largely completed the modernization of its 5G wireless network with open technology, with deep mid-band 5G spectrum covering 300 million+ people by the end of 2026.
&nbsp;
 &nbsp;

AT&T Says Remains On Track To Meet All Of The Financial And Operational Guidance Shared During Its 2024 Analyst & Investor Day

AT&amp;T's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/T#NYSE">T</a>) short percent of float has fallen 7.98% since its last report. The company recently reported that it has 107.43 million shares sold short, which is 1.5% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.53 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>AT&amp;T Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1733777110_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for AT&amp;T has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing AT&amp;T's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, AT&amp;T's peer group average for short interest as a percentage of float is 1.70%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

Looking Into AT&T's Recent Short Interest

FCC Chair Rosenworcel Proposes Requiring Telecom Carriers Secure Their Networks

Goldman Sachs analyst James Schneider maintains AT&amp;T (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/T#NYSE">T</a>) with a Buy and raises the price target from $25 to $28.

Goldman Sachs Maintains Buy on AT&T, Raises Price Target to $28

The Federal Bureau of Investigation is advising Americans to adopt encrypted messaging apps to safeguard their communications.
What Happened: In a call on Tuesday, the FBI and the Cybersecurity and Infrastructure Security Agency have urged the use of encrypted messaging apps, <a href="https://www.nbcnews.com/tech/security/us-officials-urge-americans-use-encrypted-apps-cyberattack-rcna182694">reported</a> NBC.
Jeff Greene, CISA&#8217;s executive assistant director for cybersecurity, said, &#8220;Encryption is your friend,&#8221; underscoring its role in protecting data even if intercepted.
An unnamed FBI official recommended using devices with strong encryption and timely updates.
See Also: <a href="https://www.benzinga.com/24/12/42309656/amazon-unleashes-powerful-ai-chip-clusters-to-supercharge-anthropics-models-while-challenging-nvidia-and-openais-dominance?itm_source=parsely-api">Jeff Bezos&#8217; Amazon Unveils Powerful AI Chip Clusters To Supercharge Anthropic&#8217;s Models, Challenging Nvidia And OpenAI&#8217;s Dominance</a>
This came following a major <a href="https://www.benzinga.com/24/11/42022124/t-mobile-hit-by-chinese-hackers-after-rivals-att-verizon-suffer-breach-report">cyberattack on telecom giants</a> including AT&amp;T (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/T#NYSE">T</a>), Verizon Communications (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VZ#NYSE">VZ</a>), and Lumen Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LUMN#NYSE">LUMN</a>).
The hacking campaign accessed call records, live calls, and systems under the Communications Assistance for Law Enforcement Act.
The FBI has not confirmed if classified material was compromised. The breach is not believed to have aimed at influencing election results but is seen as a traditional espionage effort by China to gather intelligence on U.S. politics and government.
Subscribe to the <a href="https://bztechtrends.beehiiv.com/subscribe">Benzinga Tech Trends newsletter</a> to get all the latest tech developments delivered to your inbox.
Why It Matters: Last month, senior leaders from the U.S. telecommunications sector and national security agencies convened at the White House to tackle issues surrounding a Chinese cyber-espionage operation aimed at <a href="https://www.benzinga.com/markets/asia/24/10/41556817/trump-vances-phone-data-reportedly-compromised-by-chinese-cyber-group">prominent American political officials</a>.
China has denied the hacking accusations, but U.S. officials remain alarmed by the scale of China's cyber operations, which FBI director Christopher Wray has described as surpassing those of all other major nations combined.
Check out more of Benzinga&#8217;s Consumer Tech coverage by <a href="https://www.benzinga.com/topic/consumer-tech">following this link</a>.
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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Image via Shutterstock

General

LUMN

FBI Warns Of Ongoing China-Backed Telecom Hacks: Here's Why Encrypted Messaging Could Be Your Last Line Of Defense

Citigroup analyst Michael Rollins maintains AT&amp;T (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/T#NYSE">T</a>) with a Buy and raises the price target from $26 to $28.

Citigroup Maintains Buy on AT&T, Raises Price Target to $28

Oppenheimer analyst Timothy Horan maintains AT&amp;T (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/T#NYSE">T</a>) with a Outperform and raises the price target from $24 to $27.

Oppenheimer Maintains Outperform on AT&T, Raises Price Target to $27

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul>
<li>Stifel raised the price target for Couchbase, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BASE#NASDAQ">BASE</a>) from $20 to $22. Stifel analyst Brad Reback maintained a Buy rating. Couchbase shares closed at $21.12 on Tuesday. <a href="https://www.benzinga.com/quote/BASE/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Morgan Stanley boosted the price target for Salesforce, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRM#NYSE">CRM</a>) from $330 to $405. Morgan Stanley analyst Keith Weiss maintained an Overweight rating. Salesforce shares closed at $331.43 on Tuesday. <a href="https://www.benzinga.com/quote/CRM/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Evercore ISI Group boosted Marvell Technology, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRVL#NASDAQ">MRVL</a>) price target from $122 to $127. Evercore ISI Group analyst Mark Lipacis maintained an Outperform rating. Marvell Technology shares settled at $95.91 on Tuesday. <a href="https://www.benzinga.com/quote/MRVL/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Baird raised MongoDB, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MDB#NASDAQ">MDB</a>) price target from $305 to $380. Baird analyst William Power maintained an Outperform rating. MongoDB shares closed at $324.01 on Tuesday. <a href="https://www.benzinga.com/quote/MDB/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Northland Capital Markets increased The Honest Company, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HNST#NASDAQ">HNST</a>) price target from $7.5 to $9.5. Northland Capital Markets analyst Owen Rickert maintained an Outperform rating. Honest Company shares closed at $8.01 on Tuesday.  <a href="https://www.benzinga.com/quote/HNST/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Keefe, Bruyette &amp; Woods boosted Willis Towers Watson Public Limited Company (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WTW#NASDAQ">WTW</a>) price target from $359 to $378. Keefe, Bruyette &amp; Woods analyst Meyer Shields maintained an Outperform rating on the stock. Willis Towers Watson shares closed at $329.06 on Tuesday. See how other analysts view this stock.</li>
<li>Chardan Capital increased the price target for Senti Biosciences, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SNTI#NASDAQ">SNTI</a>) from $10 to $12. Chardan Capital analyst Geulah Livshits maintained a Buy rating. Senti Biosciences shares settled at $7.14 on Tuesday. <a href="https://www.benzinga.com/quote/SNTI/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Barclays cut The J. M. Smucker Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SJM#NYSE">SJM</a>) price target from $126 to $123. Barclays analyst Andrew Lazar maintained an Equal-Weight rating. Smucker shares closed at $117.29 on Tuesday. <a href="https://www.benzinga.com/quote/SJM/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>JP Morgan increased the price target for Trimble Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TRMB#NASDAQ">TRMB</a>) from $74 to $92. JP Morgan analyst Tami Zakaria upgraded the stock from Neutral to Overweight. Trimble shares closed at $73.95 on Tuesday. <a href="https://www.benzinga.com/quote/TRMB/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Barclays raised AT&amp;T Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/T#NYSE">T</a>) price target from $24 to $27. Barclays analyst Kannan Venkateshwar maintained an Overweight rating. AT&amp;T shares closed at $23.74 on Monday. <a href="https://www.benzinga.com/quote/T/analyst-ratings">See how other analysts view this stock</a>.</li>
</ul>
Considering buying T stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="558" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/04082646/image-36-1024x558.png" alt="" class="wp-image-676409" style="width:558px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/04082646/image-36-1024x558.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/04082646/image-36-300x163.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/04082646/image-36-768x419.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/04082646/image-36.png 1167w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Read This Next: 
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<li><a href="https://www.benzinga.com/24/12/42293707/jim-cramer-prefers-this-delivery-giant-over-ups">Jim Cramer Prefers FedEx Over This Delivery Giant That &#8216;Screwed Up A Lot Of Holiday Seasons&#8217;</a></li>
</ul>

Pre-Market Outlook

BASE

HNST

MRVL

SNTI

TRMB

AT&T To Rally Around 14%? Here Are 10 Top Analyst Forecasts For Wednesday

Providing a diverse range of perspectives from bullish to bearish, 10 analysts have published ratings on AT&amp;T (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/T#NYSE">T</a>) in the last three months.
The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th align="right">Bullish</th>
<th align="right">Somewhat Bullish</th>
<th align="right">Indifferent</th>
<th align="right">Somewhat Bearish</th>
<th align="right">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td align="right">3</td>
<td align="right">5</td>
<td align="right">2</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td align="right">0</td>
<td align="right">4</td>
<td align="right">2</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td align="right">2</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
</tbody>
</table>
Insights from analysts' 12-month price targets are revealed, presenting an average target of $24.7, a high estimate of $30.00, and a low estimate of $21.00. Observing a 6.93% increase, the current average has risen from the previous average price target of $23.10. 
<img src="https://www.benzinga.com/files/images/story/2024/1733313653_0.png" alt="price target chart" />
<h2>Decoding Analyst Ratings: A Detailed Look</h2>
The perception of AT&amp;T by financial experts is analyzed through recent analyst actions. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Kannan Venkateshwar</td>
<td>Barclays</td>
<td>Raises</td>
<td>Overweight</td>
<td>$27.00</td>
<td>$24.00</td>
</tr>
<tr>
<td>Michael Rollins</td>
<td>Citigroup</td>
<td>Raises</td>
<td>Buy</td>
<td>$26.00</td>
<td>$24.00</td>
</tr>
<tr>
<td>Jonathan Atkin</td>
<td>RBC Capital</td>
<td>Maintains</td>
<td>Sector Perform</td>
<td>$22.00</td>
<td>$22.00</td>
</tr>
<tr>
<td>Vijay Jayant</td>
<td>Evercore ISI Group</td>
<td>Raises</td>
<td>In-Line</td>
<td>$21.00</td>
<td>$19.00</td>
</tr>
<tr>
<td>Timothy Horan</td>
<td>Oppenheimer</td>
<td>Raises</td>
<td>Outperform</td>
<td>$24.00</td>
<td>$23.00</td>
</tr>
<tr>
<td>Eric Luebchow</td>
<td>Wells Fargo</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$24.00</td>
<td>$25.00</td>
</tr>
<tr>
<td>Kannan Venkateshwar</td>
<td>Barclays</td>
<td>Raises</td>
<td>Overweight</td>
<td>$24.00</td>
<td>$22.00</td>
</tr>
<tr>
<td>Eric Luebchow</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Overweight</td>
<td>$25.00</td>
<td>$22.00</td>
</tr>
<tr>
<td>Ivan Feinseth</td>
<td>Tigress Financial</td>
<td>Raises</td>
<td>Buy</td>
<td>$30.00</td>
<td>$29.00</td>
</tr>
<tr>
<td>Michael Rollins</td>
<td>Citigroup</td>
<td>Raises</td>
<td>Buy</td>
<td>$24.00</td>
<td>$21.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to AT&amp;T. This offers insight into analysts' perspectives on the current state of the company.</li>
<li>Rating: Offering a comprehensive view, analysts assess stocks qualitatively, spanning from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of AT&amp;T compared to the broader market.</li>
<li>Price Targets: Analysts provide insights into price targets, offering estimates for the future value of AT&amp;T's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
For valuable insights into AT&amp;T's market performance, consider these analyst evaluations alongside crucial financial indicators. Stay well-informed and make prudent decisions using our Ratings Table.
<a href="https://www.benzinga.com/quote/T/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on AT&amp;T analyst ratings.</a>
<h2>Get to Know AT&amp;T Better</h2>
The wireless business contributes nearly 70% of AT&amp;T's revenue. The firm is the third-largest US wireless carrier, connecting 72 million postpaid and 17 million prepaid phone customers. Fixed-line enterprise services, which account for about 15% of revenue, include internet access, private networking, security, voice, and wholesale network capacity. Residential fixed-line services, about 11% of revenue, primarily consist of broadband internet access, serving 14 million customers. AT&amp;T also has a sizable presence in Mexico, with 23 million customers, but this business only accounts for 4% of revenue. The firm recently agreed to sell its 70% equity stake in satellite television provider DirecTV to its partner, private equity firm TPG.
<h3>Understanding the Numbers: AT&amp;T's Finances</h3>
Market Capitalization: Positioned above industry average, the company's market capitalization underscores its superiority in size, indicative of a strong market presence.
Decline in Revenue: Over the 3 months period, AT&amp;T faced challenges, resulting in a decline of approximately -0.45% in revenue growth as of 30 September, 2024. This signifies a reduction in the company's top-line earnings. When compared to others in the Communication Services sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Net Margin: AT&amp;T's net margin lags behind industry averages, suggesting challenges in maintaining strong profitability. With a net margin of -0.75%, the company may face hurdles in effective cost management.
Return on Equity (ROE): The company's ROE is below industry benchmarks, signaling potential difficulties in efficiently using equity capital. With an ROE of -0.22%, the company may need to address challenges in generating satisfactory returns for shareholders.
Return on Assets (ROA): The company's ROA is below industry benchmarks, signaling potential difficulties in efficiently utilizing assets. With an ROA of -0.06%, the company may need to address challenges in generating satisfactory returns from its assets.
Debt Management: AT&amp;T's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 1.43.
<h2>Understanding the Relevance of Analyst Ratings</h2>
Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter. 
Some analysts also offer predictions for helpful metrics such as earnings, revenue, and growth estimates to provide further guidance as to what to do with certain tickers. It is important to keep in mind that while stock and sector analysts are specialists, they are also human and can only forecast their beliefs to traders.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.

Expert Ratings For AT&T

Barclays analyst Kannan Venkateshwar maintains AT&amp;T (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/T#NYSE">T</a>) with a Overweight and raises the price target from $24 to $27.

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