Market Overview

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

Share:
Related T
The Market In 5 Minutes: Bitcoin's New High, Strong Payroll Numbers, Brexit Update
Streaming Wars: Will Older Powers Retain Their Edge?
'Safer' Dividend Champions Led By Telephone And Data Systems, Old Republic, And Leggett December Gains (Seeking Alpha)

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
Nov 2017CitigroupMaintainsBuy
Nov 2017Standpoint ResearchInitiates Coverage OnBuy
Oct 2017Deutsche BankMaintainsHold

View More Analyst Ratings for T
View the Latest Analyst Ratings

Posted-In: Pivotal Research GroupAnalyst Color Reiteration Analyst Ratings

 

Related Articles (T)

View Comments and Join the Discussion!

Partner Center