What's Going On With AT&T Shares
Portfolio Pulse from Henry Khederian
AT&T shares are trading higher by 1.15% despite recent volatility due to rumors of DISH Network selling wireless plans through Amazon. However, leading U.S. wireless carriers announced they are not in discussions with Amazon for budget-friendly wireless services. HSBC analyst Adam Fox-Rumley maintained a Buy rating for AT&T and lowered the price target from $21 to $19.
June 05, 2023 | 3:18 pm
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POSITIVE IMPACT
AT&T shares are up 1.15% despite rumors of DISH-Amazon wireless plans. HSBC analyst maintains Buy rating and lowers price target from $21 to $19.
AT&T shares are trading higher despite the rumors of DISH Network selling wireless plans through Amazon, which could have been a potential threat to AT&T's business. The denial of discussions between Amazon and wireless carriers reduces the potential negative impact on AT&T. Additionally, the maintained Buy rating from HSBC analyst Adam Fox-Rumley, despite lowering the price target, indicates a positive outlook for the company.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Leading U.S. wireless carriers denied rumors of Amazon providing budget-friendly wireless services through DISH Network, stating they are not in discussions with Amazon.
The rumors of Amazon providing budget-friendly wireless services through DISH Network could have potentially expanded Amazon's presence in the consumer smartphone market. However, the denial of discussions between Amazon and wireless carriers reduces the likelihood of this deal happening, leading to a neutral short-term impact on Amazon's stock price.
CONFIDENCE 90
IMPORTANCE 50
RELEVANCE 60
NEUTRAL IMPACT
Rumors of DISH Network selling wireless plans through Amazon have been denied by leading U.S. wireless carriers, stating they are not in discussions with Amazon.
The rumors of DISH Network selling wireless plans through Amazon could have potentially benefited DISH by expanding its customer base and market presence. However, the denial of discussions between Amazon and wireless carriers reduces the likelihood of this deal happening, leading to a neutral short-term impact on DISH's stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80