** AT&T T.N beat Wall Street estimates for Q1 wireless subscriber additions on Wednesday, driven by demand for its plans that bundle high-speed fiber services with 5G mobile offerings
** Median PT of 31 brokerages covering the stock is $29.50 - LSEG
FIBER INVESTMENTS EXPECTED TO PAY OFF
** NewStreet Research ("buy," PT: $32) says AT&T's rapidly expanding fiber assets differentiate it from peers, given a saturated wireless market
** J.P. Morgan ("overweight," PT: $31) says they "see little risk to the company's long-term business buildout targets as fiber remains fundamental to its investment strategy"
** Oppenheimer ("outperform," PT: $32) says they like co's position as largest and fastest-growing fiber builder in the country, and its 5G and cloud convergence
** "We continue to find T under-owned and well insulated from an economic slowdown" - brokerage
** TD Cowen ("hold," PT: $30) says co's outlook is achievable due to its relative tariff and recession resilience, but says it could face free capital flow pressures
** RBC ("outperform," PT: $30) says that given its higher fiber penetration, decreased dependence on market expansion is a positive for co
(Reporting by Twesha Dikshit)
((Twesha.Dikshit@thomsonreuters.com))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.