AT&T Inc (NYSE: T) is trading lower Monday after Barclays analyst Kannan Venkateshwar maintained the stock with an Equal-Weight rating and lowered the price target from $34 to $30.
The Barclays analyst cited challenging technicals as a result of the equity performance at Discovery Inc (NASDAQ: DISCA), which AT&T will be merging its media business with.
AT&T was among the top three trending stocks on Stocktwits at publication time.
AT&T is set to announce its third-quarter financial results before the market opens on Oct. 21.
T Price Action: AT&T has traded as high as $33.88 over a 52-week period. It is making new 52-week lows during Monday’s trading session.
The stock was down 2.62% at $26.06 at time of publication.
Photo: Mike Mozart from Flickr.
Latest Ratings for T
|
Oct 2021 |
Barclays |
Maintains |
Equal-Weight |
|
|
Oct 2021 |
MoffettNathanson |
Upgrades |
Sell |
Neutral |
|
Sep 2021 |
Loop Capital |
Initiates Coverage On |
Hold |
View More Analyst Ratings for T
View the Latest Analyst Ratings
See more from Benzinga
© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.