Technical analysis for shorts & longs Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Technical analysis for shorts & longs

SPY 690.38

+0.4%

Dec 24 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Johnny Canuck who wrote (53198)	10/5/2020 10:52:31 AM
From: Johnny Canuck	Read Replies (1) of 69207

AT&T's 7% dividend yield makes stock a 'value trap,' analyst says in downgradePublished: Oct. 5, 2020 at 8:33 a.m. ET By Emily Bary 2 Email iconFacebook iconTwitter iconLinkedin iconFlipboard iconPrint iconResize icon Referenced Symbols T -0.07% SPX 1.41% AT&T Inc. shares T, -0.07% are off 0.5% in premarket trading Monday after KeyBanc Capital Markets analyst Brandon Nispel downgraded the stock to underweight from sector weight. He sees signs of "deterioration" for AT&T's DirecTV business during August and also sees indications that the company's wireless postpaid average revenue per user has been falling on a month-over-month basis. Nispel previously expected DirecTV's subscriber losses to improve but now projects that they will be worse in the third quarter. "More broadly, we see [AT&T] as secularly and competitively challenged where 2020/2021 expectations high across most segments," he wrote in a note to clients. Nispel argued that there are "few positive catalysts for [AT&T] outside of asset sales" and that the company's roughly 7% dividend yield "makes AT&T a value trap." AT&T shares have declined 27% so far this year as the S&P 500 SPX, 1.41% has added 3.6%. marketwatch.com

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next