Nomura Securities Maintains a 'Buy' on AT&T (T); Meeting Shines Light on Near-Term M&A Activity

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.

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