AT&T (T) Reports In-Line Q4 EPS

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FBR Capital Remains Sidelined After AT&T's (T) Mixed 4Q Results

January 27, 2016 9:02 AM EST

FBR Capital reiterated a Market Perform rating and $38.00 price target on AT&T (NYSE: T) following the company's 4Q earnings report. Subscriber metrics were generally in line to modestly better, as financial metrics missed the mark. With intensifying competition, Piper Jaffray believes that the company has shifted focus on improving profitability over subscriber growth.

Analyst David Dixon commented, "AT&T reported largely mixed... More