AT&T, T-Mobile, Verizon Get Wall Street Analysts' Attention
In Friday's Analysts' Actions, one Wall Street firm is beginning coverage of three major communications services. Nomura gave AT&T (T) a new BUY rating with a $39 price target. Analysts said the carrier is expanding into video. Even though there's some subscriber erosion in mobile and video, it looks like DirecTV synergies will offset this downside. Overall, analysts are bullish on AT&T's synergy story. The same firm started coverage of T-Mobile US (TMUS) with another BUY rating and a $48 price target. Analysts said the company has grown through share gains. Competition is starting to narrow and looking ahead, the company will continue to be perform well. Moving onto another big carrier--Verizon Communications (VZ). Nomura is not as bullish on this one. It gave the company a new NEUTRAL rating with a $47 price target. The firm said it offers a 'clouded 2016 earnings growth story and low visibility into new growth drivers starting in 2017.' But, analysts are hopeful as Verizon continues to lead the mobile network. TheStreet's U-Jin Lee reports in New York.
