Why Verizon, AT&T, and AST SpaceMobile Stocks Are Higher Today
At least one Wall Street analyst believes the business climate for wireless telecom companies is improving. The resulting upgrades are giving a lift to the two stocks he specifically mentioned, as well as another company that needs a strong telecom market to succeed.
Shares of AT (NYSE: T) and Verizon Communications (NYSE: VZ) were up by as much as 3.4% Tuesday, and shares of AST SpaceMobile (NASDAQ: ASTS) were up as much as 4%, on hopes for better days ahead for the wireless sector.
It has been a tough year for telecoms. Shares of Verizon and AT are down 13% and 20%, respectively, year to date on concerns including competition, industry structure, and higher interest rates.
Source Fool.com
Verizon Communications Inc. Stock
€38.08
0.120%
With 23 Buy predictions and 1 Sell predictions Verizon Communications Inc. is one of the favorites of our community.
As a result the target price of 41 € shows a slightly positive potential of 7.67% compared to the current price of 38.08 € for Verizon Communications Inc..
