AT&T is coming out on top in the epic battle between wireless companies to win over customers, according to Wells Fargo.
AT & T is coming out on top in the epic battle between wireless companies to win over customers and gain subscribers, according to Wells Fargo. Analyst Eric Luebchow upgraded the telecom company to overweight from an equal weight rating, saying in a Tuesday note that shares look more attractive than Verizon 's and offer a superior growth trajectory.
Luebchow also views AT & T as a way for investors to play defense in a difficult market and inflationary backdrop. The company's growth momentum looks better positioned than that of Verizon, which faces earnings risks from rising rates and consumer phone declines, he added. "TMUS and T should continue to lead the industry in subscriber adds, although cable remain key competitive forces to watch in an increasingly crowded competitive landscape," Rollo said.
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