Wednesday, November 30, 2011

AT&T (NYSE:T) Could Divest 50% of T-Mobile Users to Get Merger Approval (potential upside 11.5%)

Uploaded by on Nov 30, 2011
In order to secure approval for a deal that is under pressure from various parties, AT&T (NYSE:T) may propose divesting as much as 40% of T-Mobile's assets, but could sell a higher percentage of T-Mobile's customers, potentially as many as half of users, and a smaller share of other assets, reported Bloomberg, citing analysts.

AT&T (NYSE:T) has potential upside of 11.5% based on a current price of $28.06 and an average consensus analyst price target of $31.29.

AT&T is currently below its 50-day moving average (MA) of $28.74 and below its 200-day MA of $29.52.

No comments: