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Jefferies analyst Mike McCormack reiterated a Buy rating and $39 price target on AT&T (NYSE: T) following solid Q1 results. The analyst said revenues pressures are set to ease.
McCormack commented, "AT&T delivered better postpaid adds and churn, with phone only... More
AT&T (NYSE: T) reported Q1 EPS of $0.63, $0.01 better than the analyst estimate of $0.62. Revenue for the quarter came in at $32.6 billion versus the consensus estimate of $32.84 billion.
The first quarter was a significant step in a transformative year for AT&T said Randall Stephenson, AT&T chairman and CEO. The repositioning of our wireless customer base to no-device-subsidy plans drove industry-leading postpaid churn. IP technologies continue to transform our wireline operations, expand our broadband base and drive... More

