JANCO Partners Starts AT&T (T) at Buy; Classic "Risk Off" Stock
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Price: $36.74 +0.33%
Rating Summary:
5 Buy, 26 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 21 | Down: 24 | New: 29
Rating Summary:
5 Buy, 26 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 21 | Down: 24 | New: 29
Trade T Now!
JANCO Partners initiates coverage on AT&T (NYSE: T) with a Buy. PT $44.00.
Analyst, Gerard Hallaren, said, "We believe that in the quest for yield investors will ultimately accept a 4% or lower yield on AT&T stock...We believe foreign currency risk at AT&T is minimal but its small presence is one factor contributing to the yield difference between it and Verizon (NYSE: VZ)."
"AT&T tends to be more innovative than Verizon. It invested early in the iPhone (Nasdaq: AAPL) and developed a loyal customer base as a result of several years of exclusivity. Today the company is working with Nokia (NYSE: NOK) on Windows phones and we expect it to be early with the Samsung Galaxy 3 and, very likely, the Samsung Slate widescreen Windows (Nasdaq: MSFT) tablet."
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 $35.71 yesterday, with a 52 week range of $27.29-$36.00.
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Analyst, Gerard Hallaren, said, "We believe that in the quest for yield investors will ultimately accept a 4% or lower yield on AT&T stock...We believe foreign currency risk at AT&T is minimal but its small presence is one factor contributing to the yield difference between it and Verizon (NYSE: VZ)."
"AT&T tends to be more innovative than Verizon. It invested early in the iPhone (Nasdaq: AAPL) and developed a loyal customer base as a result of several years of exclusivity. Today the company is working with Nokia (NYSE: NOK) on Windows phones and we expect it to be early with the Samsung Galaxy 3 and, very likely, the Samsung Slate widescreen Windows (Nasdaq: MSFT) tablet."
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 $35.71 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
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
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