AT&T (T) Reports In-Line Q2 EPS

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AT&T (T) Raised to $48 at Jefferies

July 22, 2016 9:40 AM EDT

Jefferies analyst Mike McCormack reiterated a Buy rating and lifted its price target on AT&T (NYSE: T) to $48.00 (from $44.00) following results.

commented, "AT&T reported another quarter of strong profitability, with low volumes driving nearly 50% Wireless service margins. While postpaid ARPU... More