Despite AT & T 's stock trailing the overall market, analysts from JPMorgan and Wells Fargo think the storied company is well positioned for long-term growth.
AT & T dates back to 1876, when Alexander Graham Bell invented the telephone and then founded Bell Telephone Company a year later.
Both JPMorgan and Wells Fargo think the firm can continue to grow its wireless business with a steady stream of new customers.
The analyst maintains an overweight rating on AT & T stock with a $20 per share price target, implying 15% upside moving forward.
In the first-quarter, the company said it reported the lowest level of postpaid customer churn for that time period ever.
Persons:
Wells, Sebastiano Petti, Alexander Graham Bell, Petti, Wall, Eric Luebchow
Organizations:
JPMorgan, Bell Telephone Company, 5G