5 Stocks Receiving a Massive Vote of Approval From Wall Street Analysts

04. AT&T Inc. (NYSE:T)

Price Reaction after the Upgrade: +0.56 (+3.94%)

AT&T Inc. (NYSE:T) delivers global telecommunications and technology services. Established in 1983, it is headquartered in Dallas, Texas. It operates with two key segments: Communications and Latin America. The Communications sector provides wireless voice and data communication services, retails devices and accessories, and offers various data services, security solutions, cloud services, and more to corporations, businesses, and residential customers. The Latin America arm offers wireless services in Mexico, marketing them under the AT&T and Unefon names, and sells smartphones through diverse channels.

On August 29, Citigroup revised its evaluation of AT&T Inc. (NYSE:T), upgrading the company’s rating from Neutral to Buy. This shift in perspective comes with a current trading price of $14.79, showcasing a significant increase of 4.0%. Additionally, Citigroup has adjusted the price target for AT&T Inc. (NYSE:T) to $17 as part of this upgrade. Such changes in both rating and price target underline Citigroup’s changing view of AT&T Inc. (NYSE:T) potential. The upgrade from Neutral to Buy signals Citigroup’s increased optimism about AT&T’s future performance.