AT&T (NYSE:T) shares snapped six straight sessions of losses, as the stock closed marginally higher at $28.31 on Friday.
The telecom provider lost over 3% in the preceding six sessions. The stock has gained nearly 25% so far this year, compared to the 12% rise in the broader S&P 500 Index.
T is up 0.4% over the past one month. The stock closed marginally lower on Thursday at $28.30.
Looking at Seeking Alpha’s Quant Rating, T has a Hold rating with a score of 3.44 out of 5. The company received an A+ in the prospect of profitability and an F in the growth factor.
Turning to the Wall Street community, 19 analysts gave T a Buy and above. Six analysts have given the stock a Hold recommendation, and two recommended Sell or lower.
Seeking Alpha analysts are cautious and see the stock as a Hold.
“The optimism may be attributed to the successful convergence story across its wireless and broadband offerings, with it triggering the accelerating top/ bottom-line growth,” noted a Seeking Alpha analysis by Juxtaposed Ideas. However, it added that given the premium valuations and the pulled forward upside potential, T’s return prospects appear mixed at current inflated levels.