UBS Maintains a 'Neutral' on AT&T (T); Raising PT & Estimates on Good Q1
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Price: $37.44 +0.16%
Rating Summary:
5 Buy, 26 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Rating Summary:
5 Buy, 26 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Trade T Now!
UBS maintains a 'Neutral' on AT&T (NYSE: T) price target raised from $30 to $32.
Analyst, John C. Hodulik, said, "ATT generated 1Q earnings growth of 5%+ on stronger margins in wireless and wireline and better top-line trends in wireline. Wireline improved in every major segment, most notably in Consumer and Enterprise, which appears set to turn positive for the first time since 2008 despite limited help from the economy."
"Our capex estimates remain flat yoy at $20B. We are increasing our 2012 EPS estimates by 7.9% to $2.38 (prev. $2.28) while 2013 goes up 4.9% to $2.50 (prev. $2.41)."
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 $31.72 yesterday, with a 52 week range of $27.29-$31.97.
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Analyst, John C. Hodulik, said, "ATT generated 1Q earnings growth of 5%+ on stronger margins in wireless and wireline and better top-line trends in wireline. Wireline improved in every major segment, most notably in Consumer and Enterprise, which appears set to turn positive for the first time since 2008 despite limited help from the economy."
"Our capex estimates remain flat yoy at $20B. We are increasing our 2012 EPS estimates by 7.9% to $2.38 (prev. $2.28) while 2013 goes up 4.9% to $2.50 (prev. $2.41)."
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 $31.72 yesterday, with a 52 week range of $27.29-$31.97.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
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