Vetr Downgrades AT&T With Merger Still Up In The Air

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On Wednesday, the Vetr crowd downgraded their rating for AT&T Inc. T from 3.5 stars (Buy), issued five days ago, to 3 stars (Hold). Crowd sentiment is edging positive, with 62 percent of Vetr user ratings bullish.

Vetr's downgrade comes on futher speculation on whether or not the proposed merger between AT&T and Time Warner Inc TWX might get approved by a Republican-controlled legislature and a Donald Trump-appointed Department of Justice.

Nevertheless, shares of AT&T have fared well, gaining nearly 12 percent from around $36 on November 14, to $40.45 at the end of the market on December 7.

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Vetr's average crowd users target price for the stock is up at $40.54, which is below the average analyst target price of $42.66. Less than 2 percent of Vetr users are holding T in their watch lists.

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Posted In: DowngradesCrowdsourcingAnalyst RatingsVetr
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