A Look at AT&T’s Market-Centric Views and Metrics
AT&T at the UBS Global Media and Communications Conference
Price performance of AT&T
In the last part of the series, we looked at AT&T’s (T) value proposition in the global telecom industry. Now we’ll look at some of the company’s market-centric metrics along with those of its global and local peers.
Let’s start with the carrier’s price performance. As of December 16, 2015, AT&T’s 52-week price increase was ~2.7%. Verizon’s (VZ) fall in price during the 52-week period was ~1.2% as of the same date.
In the global telecom space, Telefonica (TEF) and Vodafone (VOD) witnessed negative movements of ~22.4% and ~8.6%, respectively, in this metric. For Deutsche Telekom (DTEGY) and BT Group (BT), the corresponding changes in this metric were positive at ~8% and ~12.5%, respectively, as of December 16, 2015.
Meanwhile, in the US wireline space, CenturyLink (CTL) and Frontier Communications (FTR) had negative returns of ~33.8% and ~29.7%, respectively, in this metric.
Wall Street’s view on AT&T
Now we’ll look at Wall Street analysts’ views of AT&T’s stock. There were eight “strong buy” recommendations, eight “buy” recommendations, 15 “hold” recommendations, two “underperform” recommendations, and one “sell” recommendation on the stock in the current month.
Moreover, analysts’ median target price for AT&T’s stock was ~$38 as of December 16, 2015. The range of target prices from these analysts was from ~$23 to ~$42. Note that the closing price of AT&T was $34.4 on the same date.
Instead of taking a direct exposure to AT&T’s stock, you may wish to take a diversified exposure to the telecom company by investing in the iShares Core High Dividend ETF (HDV).
HDV held ~8.1% in the telecom company at the end of November 2015. Telecom players made up ~14.2% of this ETF on the same date.
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