There’s a lot to be optimistic about in the Communication Services sector as 2 analysts just weighed in on Alphabet Class C (GOOG – Research Report) and Telephone & Data Systems (TDS – Research Report) with bullish sentiments.
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Alphabet Class C (GOOG)
J.P. Morgan analyst Doug Anmuth maintained a Buy rating on Alphabet Class C on December 18 and set a price target of $232.00. The company’s shares closed last Friday at $192.64, close to its 52-week high of $202.88.
According to TipRanks.com, Anmuth is a top 100 analyst with an average return of 18.8% and a 61.3% success rate. Anmuth covers the NA sector, focusing on stocks such as Spotify Technology SA, Fiverr International, and Alphabet Class A.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Alphabet Class C with a $211.75 average price target, representing a 13.2% upside. In a report issued on December 6, TD Cowen also maintained a Buy rating on the stock with a $220.00 price target.
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Telephone & Data Systems (TDS)
In a report released yesterday, Sebastiano Petti from J.P. Morgan maintained a Buy rating on Telephone & Data Systems, with a price target of $53.00. The company’s shares closed last Friday at $34.28, close to its 52-week high of $35.39.
According to TipRanks.com, Petti is a 3-star analyst with an average return of 1.7% and a 59.7% success rate. Petti covers the NA sector, focusing on stocks such as United States Cellular, Charter Communications, and Rogers Communication.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Telephone & Data Systems with a $45.50 average price target.
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