1. AT&T will report Q2 earnings on July 23, forecasted at 53 cents per share. 2. Analysts predict revenue of $30.46 billion, up from $29.8 billion last year. 3. Morgan Stanley maintained an Overweight rating, raising price target to $32. 4. AT&T's annual dividend yield is currently 3.84%, attracting potential investors. 5. Shares recently rose by 1.6%, closing at $27.38.
The slight increase in price target and positive analyst rating indicates confidence in performance, although earnings expectations are lower than last year. Historical trends show slight earnings misses can lead to temporary dips, yet sustained dividend yield attracts long-term investors.
The earnings report and analysts' ratings are key factors influencing AT&T's stock price and investor sentiment.
The short-term impact will be driven by the upcoming earnings announcement. Immediate stock price reactions typically follow such reports, especially with mixed sentiment forecasts.