Replies to post #104543 on Savvy Trades and Investments

[nelson1234]

T appreciate your analysis of the quarter SSk. Seems like from what I'm reading the sell-off was b/c cash flow was light .. and I guess future cash flow may be lighter then investors had hoped, in particular investor's focused on divvys. And sub growth slowed.

[larrybaz]

T - AT&T upgraded to Buy from Hold at HSBC

TheFlyontheWall.com - Apr 20 20:39 EDT

HSBC upgraded AT&T to Buy from Hold with a $21 price target.

[researcher59]

T (17.65) analyst commentary -

fly -

AT&T should be bought at current share levels, says JPMorgan
JPMorgan analyst Philip Cusick lowered the firm's price target on AT&T to $22 from $23 and keeps an Overweight rating on the shares. The company's operating business was solid in Q1 but volumes of sales and gross adds were down substantially year-over-year, the analyst tells investors in a research note. The firm sees a "very favorable risk/reward" at the $17.65 per share and recommends buying at current levels.

HSBC upgrades AT&T to Buy, sees opportunity on selloff
HSBC analyst Adam Fox-Rumley upgraded AT&T to Buy from Hold with an unchanged price target of $21. The "severely negative market reaction" to the company's lower subscriber growth and "weak" Q1 free cash flow generation offers an opportunity, the analyst tells investors in a research note. The firm says AT&T's growth in subscribers and EBITDA are still solid, and that its fiber upgrade appears the right strategy with optionality beyond the current footprint. Its guidance is "far from unreachable," contends HSBC.

AT&T price target lowered to $23 from $25 at TD Cowen
TD Cowen analyst Gregory Williams lowered the firm's price target on AT&T to $23 from $25 and keeps a Market Perform rating on the shares. The analyst said management remains very confident in its $16B FCF guide but obviously a "show me" especially following its history of EBITDA-to-FCF conversion and prior downward FCF revisions.