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Analysts’ Opinions Are Mixed on These Communication Services Stocks: AT&T (T) and Tencent Holdings (OtherTCTZF)

Tipranks - Thu Apr 23, 11:06PM CDT

Companies in the Communication Services sector have received a lot of coverage today as analysts weigh in on AT&T (T) and Tencent Holdings (TCTZF).

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AT&T (T)

In a report released yesterday, Gregory Williams from TD Cowen maintained a Hold rating on AT&T, with a price target of $32.00. The company’s shares closed last Wednesday at $25.98.

According to TipRanks.com, Williams is a 4-star analyst with an average return of 6.3% and a 45.5% success rate. Williams covers the NA sector, focusing on stocks such as Optimum Communications Inc Class A, Charter Communications, and Lumen Technologies. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for AT&T with a $30.65 average price target, a 21.9% upside from current levels. In a report issued on April 8, Exane BNP Paribas also downgraded the stock to Hold with a $28.00 price target.

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Tencent Holdings (TCTZF)

UOB Kay Hian analyst Julia Pan maintained a Buy rating on Tencent Holdings yesterday and set a price target of HK$728.00. The company’s shares closed last Wednesday at $64.35.

According to TipRanks.com, Pan is ranked #5683 out of 12212 analysts.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Tencent Holdings with a $91.61 average price target, which is a 41.2% upside from current levels. In a report issued on April 7, Morgan Stanley also maintained a Buy rating on the stock with a HK$650.00 price target.

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