Nomura Securities Maintains a 'Buy' on AT&T (T); Meeting Shines Light on Near-Term M&A Activity
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Price: $35.97 -0.55%
Rating Summary:
6 Buy, 26 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 19 | New: 21
Rating Summary:
6 Buy, 26 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 19 | New: 21
Trade T Now!
Nomura Securities maintains a 'Buy' on AT&T (NYSE: T) price target of $36.00.
Analyst, Mike McCormack, said, "We had the opportunity to meet with James Cicconi – Senior Executive Vice President, External and Legislative Affairs, Bill Hogg – Senior Vice President, Network Planning and Engineering, and Lori Lee – Executive Vice President, Home Solutions. Overall, the meetings supported our view that AT&T is unlikely to be active in the M&A marketplace in the near term given the regulatory environment, and that the company has what appears to be a manageable spectrum situation over the next 3-5 years. Positive industry pricing developments, and more rational carrier behavior will likely bode well for AT&T shares."
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 $35.41 yesterday, with a 52 week range of $27.29-$36.00.
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Analyst, Mike McCormack, said, "We had the opportunity to meet with James Cicconi – Senior Executive Vice President, External and Legislative Affairs, Bill Hogg – Senior Vice President, Network Planning and Engineering, and Lori Lee – Executive Vice President, Home Solutions. Overall, the meetings supported our view that AT&T is unlikely to be active in the M&A marketplace in the near term given the regulatory environment, and that the company has what appears to be a manageable spectrum situation over the next 3-5 years. Positive industry pricing developments, and more rational carrier behavior will likely bode well for AT&T shares."
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 $35.41 yesterday, with a 52 week range of $27.29-$36.00.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
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