UBS Raised the PT on AT&T (T), Keeps a Buy Rating

AT&T Inc. (NYSE:T) is one of the 10 Best and Cheap Stocks to Buy Now. On June 18, UBS raised the price target on AT&T Inc. (NYSE:T) from $30 to $31 while maintaining a Buy rating on the stock. The increased price rating is based on the improved confidence in the company’s prospects and its strategic position in the competitive wireless market condition.

AT&T Inc. (NYSE:T) released its Q1 2025 results on April 23. The company grew its revenue to $30.6 billion, reflecting a 2% year-over-year increase. The growth was driven by higher Mobility and Consumer Wireless revenue. In addition, the company added 324,000 postpaid customers with a churn rate of 0.83%.

Looking ahead, management sees the Mobility Services revenue growing between the range of 2% to 3% for the full year. UBS notes that in Q2, wireless competition remained intense as carriers continued offering trade-in deals and switching promotions for most of the quarter. UBS believes the competitive environment is anticipated to result in higher gross additions and better subscriber churn rate.

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