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Analysts Offer Insights on Communication Services Companies: AT&T (T) and Optimum Communications Inc Class A (OPTU)

Tipranks - Tipranks - Thu Apr 2, 5:38AM CDT

Analysts have been eager to weigh in on the Communication Services sector with new ratings on AT&T (T) and Optimum Communications Inc Class A (OPTU).

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AT&T (T)

Citi analyst Michael Rollins maintained a Buy rating on AT&T yesterday and set a price target of $31.50. The company’s shares closed last Tuesday at $28.99.

According to TipRanks.com, Rollins is a 5-star analyst with an average return of 13.0% and a 64.9% success rate. Rollins covers the NA sector, focusing on stocks such as Optimum Communications Inc Class A, Array Digital Infrastructure, and Telephone & Data Systems. ;'>

Currently, the analyst consensus on AT&T is a Moderate Buy with an average price target of $30.97, which is a 7.1% upside from current levels. In a report issued on March 17, UBS also maintained a Buy rating on the stock with a $31.00 price target.

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Optimum Communications Inc Class A (OPTU)

Bank of America Securities analyst Jessica Reif Ehrlich reiterated a Sell rating on Optimum Communications Inc Class A today and set a price target of $1.50. The company’s shares closed last Tuesday at $1.30.

According to TipRanks.com, Ehrlich is a 5-star analyst with an average return of 10.5% and a 50.0% success rate. Ehrlich covers the NA sector, focusing on stocks such as Charter Communications, Sirius XM Holdings, and Warner Music Group. ;'>

The word on The Street in general, suggests a Hold analyst consensus rating for Optimum Communications Inc Class A with a $1.84 average price target, representing a 39.4% upside. In a report issued on March 20, TipRanks – xAI also reiterated a Sell rating on the stock with a $1.50 price target.

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