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AT&T stock jumps as an activist Elliott bet on Investing.com



© Reuters.

Investing.com – Shares in AT&T Inc (NYSE 🙂 jumped in pre-sale trading on Monday after activist investor Elliott Management announced it had built a 1.2% stake in the company, worth about $ 3.2 billion dollars at current prices. [19659004] The message said that the company's "world-class asset collection" was "grossly undervalued."

  • Elliott says it is targeting a stock price of over $ 60 by the end of 2021, over 60% above its Friday value of $ 36.25 and even above its record closing price of $ 59.1
    9 20 years ago.
  • Elliott says AT&T has not yet formulated a clear plan for why it should own Time Warner.
  • Stocks up 6.7% at $ 38.69
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