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Pivotal Research Group Reiterates Hold Rating, $32 PT on AT&T

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In a report published Friday, Pivotal Research Group reiterated its Hold rating and $32.00 price target on AT&T (NYSE: T).

Pivotal Research Group noted, “AT&T and Verizon both had exceptionally strong quarters for smartphone activations. We are lowering our Q4 EPS estimate to account for the higher subsidies. We are also adding the incremental capex from project VIP for the next three years. Our new Q4 EPS estimate is $0.45 (from $0.57) and our new 2013 EPS estimate is $2.55 (from $2.60). Reiterate HOLD rating and $32 price target.”

AT&T closed on Thursday at $34.20.

Latest Ratings for T

DateFirmActionFromTo
Jun 2016Buckingham ResearchDowngradesBuyNeutral
Apr 2016Cowen & CompanyMaintainsOutperform
Apr 2016BarclaysMaintainsOverweight

View More Analyst Ratings for T
View the Latest Analyst Ratings

Posted-In: Pivotal Research GroupAnalyst Color Reiteration Analyst Ratings

 

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