AT&T Stocks Are Up Another 4 Percent

Wall Street analysts can’t get enough AT&T. Before the start of trading on Monday, October 24, investment bank Raymond James upgraded the recommendation for AT&T to a “strong buy” with a target price of $24 per share.

The savviest SimpleFX traders entered long positions on the company below $15 on October 13. Since then, the stock of the American multinational telecommunications holding company has risen by 23.3% and reached $17.76 a few quarters after the Monday opening.

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The telecommunications giant is adding subscribers, pushing up earnings per share. AT&T is still trading below the two-year, five-year, and 10-year P/E ratios, which is the main argument of Raymond James analysts.

AT&T Stocks Are Up Another 4 Percent – Chart

AT&T Stocks Are Up Another 4 Percent. The T.US chart shows the increased AT&T stock prices (Source: SimpleFX WebTrader).

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