AT&T revenue misses estimates as customers keep phones longer

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AT&T (T) PT Lowered to $45 at Macquarie on 1Q Revenue Miss; 'Wireless Trends Back to Pre-Unlimited Levels'

April 26, 2017 8:55 AM EDT

Macquarie lowered its price target on AT&T (NYSE: T) to $45.00 (from $46.00) while maintaining a Outperform rating, following the company's first quarter report.

Analyst Amy Yong credits management for trying to diversify its business, becoming the first integrated wireless/video solutions provider, as competitive... More