• Telus’s layoff of 2,000 employees follows Meta Platforms ending their Barcelona contract.
• Analysts set a mixed target for AT&T Inc, with a predicted downside of 4.12% from current prices.
• GuruFocus’s GF Value suggests a more significant downside potential of 34.14% for AT&T.

Telus (T, Financial) is navigating a significant change as it plans to lay off roughly 2,000 employees from its Barcelona content moderation center. This decision comes in the wake of Meta Platforms terminating their contract, leaving workers in a state of uncertainty. Currently placed on paid leave, these employees await the outcomes of negotiations between the company and unions. Meanwhile, Telus’s operations in other countries are set to continue as planned.

Turning our attention to AT&T Inc (T, Financial), a consensus among 28 analysts has set a one-year average target price at $26.93. Price predictions range from a high of $32.00 to a low of $15.50. At the current trading price of $28.09, the average target suggests a potential downside of 4.12%. Investors can find further detailed estimates on the AT&T Inc (T) Forecast page.

Additionally, 31 brokerage firms have contributed to AT&T Inc’s (T, Financial) average brokerage recommendation, which stands at 2.1. This rating indicates an “Outperform” status on the scale where 1 represents a Strong Buy and 5 signifies a Sell.

From the perspective of GuruFocus, the estimated GF Value for AT&T Inc (T, Financial) a year from now is calculated at $18.50. This figure suggests a notable downside of 34.14% from the current price of $28.09. The GF Value represents GuruFocus’s evaluation of the fair trading value of the stock, derived from historical trading multiples, past business growth, and anticipated future performance. For more comprehensive data, visit the AT&T Inc (T) Summary page.