Schaeffer's Top Stock Picks for '25

AT&T Stock Sees Modest Dip After Downgrade

Keybanc called the company a "value trap"

Deputy Editor
Oct 5, 2020 at 3:07 PM
facebook X logo linkedin


The shares at AT&T Inc (NYSE:T) are down 0.2% at $28.60 at last check, after Keybanc downgraded the stock to "underweight" from "sector weight" while calling it a "value trap." The firm sees "few positive catalysts" for the company outside of asset sales, and noted that earnings, which are due out Oct. 22, could be a negative catalyst. 

On the charts, the 10-day moving average swooped in to catch today's pullback, the stock down at $28.36 during its session lows. Still on the rise from its brief September respite, the equity is down 26.7% year-to-date. 

Coming into today, analysts appear split on AT&T stock, with six out of the 16 in coverage at a "buy" or better rating, eight at a tepid "hold," and two a "strong sell." Meanwhile, the 12-month consensus price target of $32.02 is an 11.8% premium to current levels.

Moving over to the options pits, puts are looking especially popular as of late, though calls still outweigh puts on an overall basis. T's 50-day put/call volume ratio of 0.80 at the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX) stands higher than 84% of readings from the past year, showing that long puts are being picked up at a faster-than-usual rate.

 
 

You have the chance to join one of Bernie's most exclusive programs, complete access at HUGE savings!

As we prepare for a new administration to take the reins in Washington, the near-term market landscape is rife with uncertainty.

The Federal Reserve has already hinted at the turbulence ahead, lowering its interest rate outlook for 2025.

Meanwhile, breakthroughs in artificial intelligence (AI), quantum computing, and other transformative sectors have unlocked incredible profit potential.

But these opportunities are fleeting, and timing is everything. That's where Quick-Hit Trader comes in.

Quick-Hit Trader is designed for precision and speed, getting you in and out of the market in a flash. While other investors scramble to navigate volatile conditions, you'll have access to expertly curated trades that leverage these rapid shifts to deliver explosive profits in short order.

This is your chance to capitalize on the fast-moving market like never before. Are you ready to make your move?