Jefferies Reiterates Buy on AT&T (T) Following Announced DirectTV Offering
- Donald Trump Sworn in as 45th U.S. President
- Wall Street ends higher as Trump becomes president
- Walgreens Boots Alliance (WBA) Said to Face Antitrust Concern for Rite Aid (RAD) Fix - Bloomberg
- Bristol-Myers Squibb (BMY) Says It Won't Pursue Accelerated U.S. Regulatory Pathway for Opdivo Plus Yervoy in Lung Cancer
- Apple (AAPL) Sues Qualcomm (QCOM) Over Patent Royalties in Antitrust Case - Bloomberg
Find out which companies are about to raise their dividend well before the news hits the Street with StreetInsider.com's Dividend Insider Elite. Sign-up for a FREE trial here.
Jefferies reiterated a Buy rating and $48.00 price target on AT&T (NYSE: T) following the company's introduction of DirecTV Now OTT offering. The offering is set to launch November 30th. DirecTV Now is being offered with four tiers, ranging from $35 to $70 for 60+ to 120+ channels, substantially lower price points than premium cable and satellite packages.
Analyst Mike McCormack commented, "Late Monday, AT&T introduced the much anticipated DirecTV Now OTT offering, set to launch on November 30. Details were largely in line with expectations, though the support of two simultaneous streams is slightly more robust than prior reports. It appears all major content providers are represented, with the exception of CBS, setting the stage for a fairly robust offering to target the roughly 20mn non-payTV households."
Shares of AT&T closed at $39.54 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- IBM (IBM): Closer Look Shows The - Jefferies
- AT&T Supports Expansion of Jobs for America's Graduates Program in Louisiana
- Drexel Hamilton Reiterates Buy on IBM (IBM) Following 4Q Report
Create E-mail Alert Related CategoriesAnalyst Comments
Related EntitiesJefferies & Co
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!