AT&T Stock Has Fallen to a Multi-Decade Low. Why It Could Be an Opportune Time to Buy.

 AT&T Stock Has Fallen to a Multi-Decade Low. Why It Could Be an Opportune Time to Buy.

  • Order Reprints

  • Print Article

AT&T stock gained on Thursday following an upgrade to Overweight by Morgan Stanley analysts, who say the stock’s recent underperformance has created an attractive opportunity, and that there are factors that could lift the shares of the telecom giant in the short term.

The analysts lowered their target for the stock price to $28 from $32, even as the bank took a more positive view of the telecom sector. Shares were up by 4.4% to $23.14 in mid morning. Previously, Morgan Stanley had rated the stock at Equal-Weight.

“AT&T…


Related post