Analyst upgrades AT&T shares and highlights positive growth
- AT&T stock is rising after analyst recommends it as a long-term investment
- Analyst Peter Supino upgraded AT&T shares to Outperform
- AT&T shares have fallen 10% over the past 12 months
- AT&T is growing its core, gaining efficiency, and paying down debt
- AT&T reported better-than-expected fourth-quarter postpaid phone net adds
AT&T stock is on the rise after Wolfe Research analyst Peter Supino upgraded the shares to Outperform and recommended it as a solid, long-term investment. Despite negative returns over the past three years, Supino argues that it’s time to take AT&T seriously. The company has been able to mitigate churn in a competitive environment and is growing its core, gaining efficiency, and paying down debt. AT&T reported better-than-expected fourth-quarter postpaid phone net adds, beating expectations. While concerns about wireless network investments, high debt, declining landline customers, and a Wall Street Journal report on lead levels in legacy cables persist, AT&T’s positive growth potential is attracting investors.
Factuality Level: 3
Factuality Justification: The article provides information about a Wolfe Research analyst’s recommendation on AT&T as a long-term investment. However, it lacks depth and critical analysis. It presents the analyst’s opinion as a fact without providing a balanced view or considering potential risks associated with the investment. The article also includes some unnecessary details and does not thoroughly evaluate the overall situation of the company.
Noise Level: 3
Noise Justification: The article provides relevant information about a Wolfe Research analyst recommending AT&T as a long-term investment. It includes details about the analyst’s reasoning, the company’s recent performance, and comparisons with competitors. The article stays on topic and supports its claims with data and examples. However, it lacks in-depth analysis of long-term trends or antifragility, and it does not explore the consequences of the investment recommendation on those who bear the risks.
Financial Relevance: Yes
Financial Markets Impacted: AT&T stock
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Rating Justification: The article discusses the recommendation of AT&T as a long-term investment by an analyst. It mentions the stock’s performance, concerns about investment costs and debt, and the company’s ability to mitigate churn. There is no mention of any extreme events or their impact.
Public Companies: AT&T (T), Verizon Communications (VZ), T-Mobile US (TMUS)
Key People: Peter Supino (Analyst at Wolfe Research)
Reported publicly:
www.marketwatch.com 
