AT&T shares saw their biggest one-day drop in more than 20 years on Thursday after the telecommunication giant reported earnings. The stock looks like a Buy at current levels, according to analysts at J.P. Morgan
Although the telecom company’s first-quarter results were largely in line with expectations—earnings per share were slightly ahead, with revenue below—shares in AT&T (ticker: T) plunged more than 10% on Thursday, the stock’s biggest daily downward move since 2000. At a closing price of $17.65, the shares are beaten up, even including a 1% rebound in Friday’s premarket trading.
Source: finance.yahoo.com
Related posts:
Billionaire Ken Griffin Just Made a Once-in-a-Generation Bet on This Stock. Time to Buy?
Scaramucci Says Grayscale ETF Sales Helped Fuel Bitcoin Decline
2 Surefire Chip Stocks to Buy and Hold for the Next Decade
It’s the Beginning of the End for Russian Gas in Europe. These Stocks Should Benefit.
‘Ethereum cannot be killed’ says Solana chief