Check Out What Whales Are Doing With AT&T
Portfolio Pulse from Benzinga Insights
A significant number of investors have taken a bearish stance on AT&T (NYSE:T), with 70% of recent trades reflecting this sentiment. The price range targeted by these investors over the last three months is between $13.0 and $20.0. Meanwhile, Deutsche Bank maintains a Buy rating on AT&T with a price target of $22, while JP Morgan and Citigroup have downgraded their actions to Neutral with price targets of $17 and $16 respectively.
July 17, 2023 | 2:16 pm
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AT&T has seen a surge in bearish sentiment among investors, with a targeted price range of $13-$20. Analyst ratings vary, with Deutsche Bank maintaining a Buy rating and a price target of $22, while JP Morgan and Citigroup have downgraded to Neutral.
The bearish sentiment among investors, reflected in 70% of recent trades, could potentially drive the stock price down in the short term. The varied analyst ratings also indicate uncertainty around the stock's performance. Deutsche Bank's Buy rating suggests potential upside, while the Neutral ratings from JP Morgan and Citigroup indicate a lack of strong positive catalysts.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100