Nomura Securities Starts AT&T (T) at Buy, Sees 18% Upside
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Price: $36.75 +0.03%
Rating Summary:
5 Buy, 26 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Rating Summary:
5 Buy, 26 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Trade T Now!
Nomura Securities initiates coverage on AT&T (NYSE: T) with a Buy rating and $34 price target, representing 18% upside.
Analyst Mike McCormack said, "We believe AT&T is well positioned, with significant cash generation, a healthy and meaningful dividend and the likelihood of a large share repurchase announcement in the near term."
On the iPhone, McCormack said investor concerns regarding the impact of Verizon gaining access to the device are overblown.
The firm sees 2011 EPS of $2.49.
For more ratings news on AT&T click here and for the rating history of AT&T click here.
Shares of AT&T closed at $28.78 yesterday, with a 52 week range of $23.78-$29.49.
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Analyst Mike McCormack said, "We believe AT&T is well positioned, with significant cash generation, a healthy and meaningful dividend and the likelihood of a large share repurchase announcement in the near term."
On the iPhone, McCormack said investor concerns regarding the impact of Verizon gaining access to the device are overblown.
The firm sees 2011 EPS of $2.49.
For more ratings news on AT&T click here and for the rating history of AT&T click here.
Shares of AT&T closed at $28.78 yesterday, with a 52 week range of $23.78-$29.49.
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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