AT&T (T) Stock Forecast & Price Target

AT&T is well-positioned for growth in the long term due to continued strong execution and a supportive regulator encouraging decommissioning of copper lines, leading to cost reductions. Potential disruptions from LEO constellations are unlikely to have a significant impact on the company's financials. The company's recent sale of its stake in DirecTV to TPG provides a positive boost to its financials. However, investors should be wary of the high leverage and potential dividend cuts or opex/capex reductions in the future. The company's convergence strategy is accelerating with its Fiber build, potentially reaching over 12 million converged customers by 2030 and driving the fastest growth in Converged revenue by 2027. However, there are investment risks to consider, such as macroeconomic weakness and price declines from competitive pressures.

AT&T is facing increasing competition in its wireless business as new technologies emerge, with their recent sale of DirecTV showing that management is not confident in its future prospects. However, TELUS Corporation has a diverse portfolio of assets, particularly TELUS Health and TELUS Agriculture, which provides opportunities for growth and potential value for shareholders. Additionally, the potential acquisition of Shaw by Rogers may pose a threat to TELUS' dominance in Western Canada, but its strong revenue and EBITDA growth profile supported by its diverse assets mix help support its high valuation.