AT&T (T): Capacity Concerns Overblown - Jefferies

September 15, 2016 7:07 AM EDT
Get Alerts T Hot Sheet
Price: $37.49 -3%

Rating Summary:
    15 Buy, 24 Hold, 1 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 14 | Down: 11 | New: 8
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Jefferies analyst, Mike McCormack, reiterated his Buy rating on shares of AT&T (NYSE: T) after taking a deeper dive into AT&T network capacity as unlimited data plans become more prevalent.

The analyst, noted that the industry movement to unlimited data plans, and the pending launch of DirecTV Now have created some concerns among investors on AT&T’s ability to provide a robust reliable service. However, he believes that "AT&T is well-positioned to meet future demands, with a robust spectrum portfolio, well-paced small cell deployments, and technology developments that will reduce network strain".

No change to the price target of $48.

For an analyst ratings summary and ratings history on AT&T click here. For more ratings news on AT&T click here.

Shares of AT&T closed at $39.89 yesterday.

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