Nomura Securities Raises Estimates on AT&T (T); Well Positioned

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April 25, 2012 10:43 AM EDT
Get Alerts T Hot Sheet
Price: $24.30 --0%

Rating Summary:
    26 Buy, 26 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 14 | Down: 15 | New: 50
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Nomura Securities maintains a 'Buy' on AT&T (NYSE: T) price target of $32.00.

Analyst, Mike McCormack, said, "Going into 1Q results we had been ~$0.06 ahead of consensus 2012 EPS expectations, having targeted $2.40 for FY12. In the wake of strong margins and an expectation for improving ARPU trends throughout 2012, we are raising our estimate to $2.43. We believe that AT&T is well positioned and poised to benefit from what appears to be an improving backdrop for higher-end wireless providers."

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.

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