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Analysts’ Top Communication Services Picks: IAC/InteractiveCorp. (IAC), AT&T (T)

Tipranks - Tipranks - Fri Apr 24, 1:46AM CDT

There’s a lot to be optimistic about in the Communication Services sector as 3 analysts just weighed in on IAC/InteractiveCorp. (IAC), AT&T (T) and IMAX (IMAX) with bullish sentiments.

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IAC/InteractiveCorp. (IAC)

KeyBanc analyst Justin Patterson maintained a Buy rating on IAC/InteractiveCorp. today and set a price target of $51.00. The company’s shares closed last Wednesday at $44.65.

According to TipRanks.com, Patterson is a 4-star analyst with an average return of 7.4% and a 47.8% success rate. Patterson covers the NA sector, focusing on stocks such as Zillow Group Class A, Alphabet Class A, and Meta Platforms. ;'>

Currently, the analyst consensus on IAC/InteractiveCorp. is a Strong Buy with an average price target of $49.00.

See the top stocks recommended by analysts >>

AT&T (T)

In a report released today, Brandon Nispel from KeyBanc maintained a Buy rating on AT&T, with a price target of $36.00. The company’s shares closed last Wednesday at $25.98.

According to TipRanks.com, Nispel is a 4-star analyst with an average return of 5.2% and a 54.1% success rate. Nispel covers the NA sector, focusing on stocks such as Charter Communications, Cogent Comms, and Walt Disney. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for AT&T with a $30.65 average price target, which is a 21.9% upside from current levels. In a report issued on April 16, Morgan Stanley also initiated coverage with a Buy rating on the stock with a $30.00 price target.

IMAX (IMAX)

In a report released today, Eric Handler from Roth MKM maintained a Buy rating on IMAX, with a price target of $44.00. The company’s shares closed last Wednesday at $36.22.

According to TipRanks.com, Handler is a 5-star analyst with an average return of 11.5% and a 60.4% success rate. Handler covers the NA sector, focusing on stocks such as Live Nation Entertainment, Doubledown Interactive Co, and Angel Studios Inc Class A. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for IMAX with a $44.78 average price target, representing a 25.0% upside. In a report issued on April 8, Seaport Global also maintained a Buy rating on the stock with a $45.00 price target.

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