Shares of AT&T (T.US) are under massive downward pressure, which has pushed the share price to levels not seen in more than 20 years. Due to the decrease of 4.5%, the dream is recommended for the shares of the company ze parties JP Morgan to “neutral” from “overweight”. The customs price was also a dream (17 USD compared to the previous 22 USD).
According to JPM, the company was aware of the pressure in the mobility segment parties competitor Verizon, T-Mobile US av segment kabelovch spotebitelskch slueb.
“We realize that sharper downward revisions to key growth activities in the area of wireless networks and optical fibers, amid high annual rates and new uncertainty around lead-walled cables will limit any significant recovery,” JP Morgan added.
AT&T is currently trading at 6.2 times forward earnings, while the historical average is 8.6 times.
Source: xStation 5
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2023-07-14 17:19:04
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