Golden Ocean Group Surpasses Estimates; Bullish Views for AT&T and Verizon
- August 29th, 2023
- 461 views
Golden Ocean Group Limited (Nasdaq: GOGL), a shipping company, reported second-quarter 2023 earnings of $0.17 per share, exceeding the consensus EPS estimate of $0.12. The company's quarterly sales reached $213.38 million, outpacing analysts' projected revenue of $148.97 million.
$GOGL was trading at $7.13 in pre-market, showing an increase of $0.23 (+3.33%).
In other news, Citigroup upgraded AT&T Inc. (NYSE: T), a telecommunications company, from Neutral to Buy and revealed a price target of $17.
With $T closing at $14.21 on Monday, this price target suggests a potential upside of $2.79 or approximately 19.62%, based on the investment firm's assessment.
In a similar move, Citigroup upgraded Verizon Communications Inc. (NYSE: VZ), another telecommunications giant, from Neutral to Buy, while increasing the price target from $39 to $40.
Despite closing at $33.55 on Monday, the upgraded price target implies a potential upside of $6.45 or around 19.21% for $VZ, as projected by the financial services firm's analysis.
THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY OR DIGITAL ASSET. Please consult with a professional investment advisor before purchasing or selling any securities viewed on or mentioned herein. (Read Full Disclaimer)
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