CNBC Pro

AT&T is a buy now that WarnerMedia spinoff is complete, JPMorgan says

John Stankey, President & Chief Operating Officer of AT&T and Chief Executive Officer of WarnerMedia, speaks onstage at HBO Max WarnerMedia Investor Day Presentation at Warner Bros. Studios on October 29, 2019 in Burbank, California.
Presley Ann | Getty Images Entertainment | Getty Images

Shares of AT&T are trading at a discount after the telecom company completed the deal to merge its old WarnerMedia business with Discovery, according to JPMorgan.

More In Street Calls

CNBC ProHere are Friday's biggest analyst calls: Gap, Apple, Tesla, CVS, Citigroup, Ulta & more
CNBC ProNeedham upgrades Boston Scientific to buy, says company can fend off competition
CNBC ProJefferies upgrades Ulta to buy, says strong earnings are the 'all clear' for a recovery