2024-01-02 12:40:26 ET
Telecom company AT&T ( NYSE: T ) shares are on track to record its seventh straight session of gains on Tuesday, gaining about 1.75% in the period.
The company rose about 2.62% at $17.22 by early afternoon, hitting its highest level since early December . Overall, shares had fallen down about 8.8% in 2023.
December has been a favorable month for the company, with 12 sessions in green and eight sessions in red.
Looking at Seeking Alpha's Quant Rating , T has a Hold rating with a score of 3.45 out of 5. The company received A+ for profitability and a C+ for momentum, while, its growth and valuation prospects have been graded D- and B+, respectively.
Turning to the Wall Street community, 10 analysts give FDX a Strong Buy, while two are Buy on the stock. About 13 analysts have given the stock a Hold recommendation, one on Sell and two on Strong Sell.
SA contributor The Gaming Dividend said T's mixed financial and management results over time has resulted in lower confidence on the possibility of a strong recovery, but said despite some considerations, the company is positioned for growth.
"AT&T remains positioned for growth, and its current valuation suggests an attractive investment opportunity for those willing to navigate the complexities," The Gaming Dividend added.
Another contributo r Fishtown Capital said once the tax loss selling concludes, he expects T back in the $18 range early in 2024, and closing the year above $20, with shares reclaiming mid $20's in 2025.
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AT&T on track to record its seventh straight session in green