Verizon, AT&T, And T-Mobile Set For Gains, Goldman Sachs Cites AI and Data Center Demand
Portfolio Pulse from Anusuya Lahiri
Goldman Sachs analyst James Schneider initiated coverage on the U.S. Telecom Services and infrastructure sector, highlighting the potential for gains in wireless carriers and data centers due to AI and data center demand. Verizon, AT&T, T-Mobile, and Frontier Communications received Buy ratings, while Charter Communications, Altice USA, and Lumen Technologies received Sell ratings.
July 01, 2024 | 5:36 pm
News sentiment analysis
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NEGATIVE IMPACT
Goldman Sachs analyst James Schneider gave Altice USA a Sell rating with a $2 price target, highlighting competitive pressures and challenges in subscriber growth.
Altice USA's competitive pressures and challenges in subscriber growth result in a Sell rating.
CONFIDENCE 80
IMPORTANCE 65
RELEVANCE 100
NEGATIVE IMPACT
Goldman Sachs analyst James Schneider gave Charter Communications a Sell rating with a $250 price target, citing heightened competition and difficulty in gaining subscribers.
Charter Communications faces significant competition and challenges in gaining subscribers, leading to a Sell rating.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
Goldman Sachs analyst James Schneider gave Lumen Technologies a Sell rating with a $1 price target, due to competitive pressures and challenges in subscriber growth.
Lumen Technologies faces significant competitive pressures and challenges in subscriber growth, leading to a Sell rating.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 100
POSITIVE IMPACT
Goldman Sachs analyst James Schneider gave Frontier Communications a Buy rating with a $29 price target, noting its successful pivot to fiber broadband.
Frontier Communications' shift to fiber broadband positions it well for future growth.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Goldman Sachs analyst James Schneider gave AT&T a Buy rating with a $22 price target, noting its transformation, fiber broadband leadership, and wireless growth.
AT&T's focus on core business, fiber broadband, and wireless growth positions it well for future gains.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100
POSITIVE IMPACT
Goldman Sachs analyst James Schneider gave T-Mobile a Buy rating with a $200 price target, highlighting continued wireless growth and broadband as the next growth chapter.
T-Mobile's continued wireless growth and broadband potential make it a strong investment opportunity.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Goldman Sachs analyst James Schneider gave Verizon a Buy rating with a $50 price target, citing momentum in its core wireless franchise and benefits from fixed wireless.
Verizon is expected to benefit from its core wireless franchise and fixed wireless, driving growth and potential stock re-rating.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100