Dallas, Texas 07/10/2015 (Financialstrend) – AT&T Inc. (NYSE:T) may be the largest US telecom carrier, but on the note of revenues, it has always been a mixed bag. Therefore, the revenues that the company has drummed up in the month of June are therefore of worthy mention, and investors are quick to respond to the sentiment. The stock of this major network carrier was posting upward gains in recent trading sessions.
The surge in revenues was part of the benefits AT&T had sought to realize, with the acquisition of the largest cable service across Latin American region, DirecTV. The gains have helped the company to increase its cash position as well as gain momentum by increasing its cost savings.
The revenue flow in the month of June has not escaped analyst research, resulting in many of the firms upgrading the telecom carrier. The Barclays upgraded stock to ‘overweight’ from its previous ‘equal weight,’ along with an upwardly revised price target of $39 from $34. Another analyst to have upgraded the stock was Bank of America, raising the price target of the stock to $40 from its previous $35.
AT&T Inc. (NYSE:T) is also witnessing the surge due to better wireless services environment. The stabilization of the market space has led to better returns for the network carrier.
$5 broadband for Low-income groups
AT&T Inc. (NYSE:T) has also announced that it would offer households with low-income, broadband services for as low as $5. The company has already placed this proposal before the Federal Communications Commission. The company has committed to offering such services for the next four year period. As part of this package, the company proposes two-pronged plans, to all those who are eligible for the Government offered Supplemental Nutritional Assistance Plan. The plans are expected to further boost its chances before the FCC, which is currently considering approval of its $48 billion purchase of DirecTV.