Street View: AT&T's fiber assets set it apart in a saturated market

AT&T T.N beat Wall Street estimates for Q1 wireless subscriber additions on Wednesday, driven by demand for its plans that bundle high-speed fiber services with 5G mobile offerings

Median PT of 31 brokerages covering the stock is $29.50 - LSEG

FIBER INVESTMENTS EXPECTED TO PAY OFF

NewStreet Research ("buy," PT: $32) says AT&T's rapidly expanding fiber assets differentiate it from peers, given a saturated wireless market

J.P. Morgan ("overweight," PT: $31) says they "see little risk to the company's long-term business buildout targets as fiber remains fundamental to its investment strategy"

Oppenheimer ("outperform," PT: $32) says they like co's position as largest and fastest-growing fiber builder in the country, and its 5G and cloud convergence

"We continue to find T under-owned and well insulated from an economic slowdown" - brokerage

TD Cowen ("hold," PT: $30) says co's outlook is achievable due to its relative tariff and recession resilience, but says it could face free capital flow pressures

RBC ("outperform," PT: $30) says that given its higher fiber penetration, decreased dependence on market expansion is a positive for co