US Corporate Bond Transactions Surge Following Fed Rate Reduction
Written by Emily J. Thompson, Senior Investment Analyst
Source: Reuters
Corporate Bond Market Activity: U.S. corporate bond deal-making in the investment-grade market surged on September 18, with nine issuers raising nearly $15 billion, led by AT&T's $5 billion offering for corporate purposes and debt management.
Impact of Federal Reserve Rate Cut: The increase in corporate borrowing activity followed a 25 basis point rate cut by the Federal Reserve, which is expected to stimulate growth and encourage more borrowing due to lower borrowing costs.
Analyst Views on T
Wall Street analysts forecast T stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for T is 28.27 USD with a low forecast of 20.00 USD and a high forecast of 33.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
15 Analyst Rating
8 Buy
5 Hold
2 Sell
Moderate Buy
Current: 23.580
Low
20.00
Averages
28.27
High
33.00
Current: 23.580
Low
20.00
Averages
28.27
High
33.00
About T
AT&T Inc. is a holding company. The Company is a provider of telecommunications and technology services globally. The Company’s segments include Communications and Latin America. The Communications segment provides wireless and wireline telecom and broadband services to consumers located in the United States and businesses globally. The business units of the Communication segment include Mobility, Business Wireline, and Consumer Wireline. Mobility provides nationwide wireless service and equipment. Business Wireline provides advanced Ethernet-based fiber services, Internet Protocol (IP) Voice and managed professional services, as well as legacy voice and data services and related equipment, to business customers. Consumer Wireline provides broadband services, including fiber connections. Consumer Wireline provides legacy telephony voice communication services. The Latin America segment provides wireless services and equipment in Mexico.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
