Why AT&T Stock Jumped

Motley Fool2021-12-17

What happened Shares of AT&T(NYSE:T)rallied on Thursday following bullish analyst remarks. As of 4 p.m. ET, the telecom giant's stock price was up nearly 7%. So what It's been a painful year for AT&T'...

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精彩评论

Jypsy
2021-12-19
Jypsy
👍
HLPA
2021-12-17
HLPA
Onen of few
SleepBao
2021-12-17
SleepBao
Nice
- Mtan23:
  Yes
SSVC
2021-12-17
SSVC
Ok Appreciate your comments and response Thanks
terrylimkc
2021-12-17
terrylimkc
To the moon
Rockyspider
2021-12-17
Rockyspider
Wow

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As of 4 p","collect":0,"end_time":0,"defaultTopTitle":"fool.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"T":"美国电话电报"},"translate_title":"为什么AT&T的股票暴涨","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"T":0.9},"content_text":"What happened\nShares of AT&T(NYSE:T)rallied on Thursday following bullish analyst remarks. As of 4 p.m. ET, the telecom giant's stock price was up nearly 7%.\nSo what\nIt's been a painful year for AT&T's shareholders. But that may be about to change.\nSo says Morgan Stanley analyst Simon Flannery. Flannery placed an overweight rating on AT&T's stock on Thursday. With its share price down more than 20% in 2021 as of the market close on Tuesday, Flannery believes the dividend stock now represents an attractive profit opportunity for investors.\nFlannery said AT&T will become a more streamlined company focused on its core communications operations after it completes the merger of its WarnerMedia media business with Discovery. The transaction is expected to close by the middle of next year.\nFlannery argued that investors are currently undervaluing AT&T's wireless business, which is set to benefit from rising demand for5Gnetwork services. But once investors begin to view AT&T as a purer play on the rapid growth of fifth-generation wireless solutions, he expects its share price to surge roughly 18%, to $28.\nNow what\nAT&T's $85 billion acquisition of Time Warner didn't work out as planned for shareholders. The cost and growth synergies the combined company was able to achieve failed to justify the deal's price tag in the eyes of many investors. 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