In a report released on January 26, Kutgun Maral from RBC Capital maintained a Hold rating on AT&T (T – Research Report), with a price target of $19.00. The company’s shares closed yesterday at $19.95.
According to TipRanks, Maral is a 4-star analyst with an average return of 5.2% and a 53.68% success rate. Maral covers the Services sector, focusing on stocks such as Charter Communications, Walt Disney, and Endeavor Group Holdings Inc.
In addition to RBC Capital, AT&T also received a Hold from Cowen & Co.’s Gregory Williams in a report issued on January 26. However, on the same day, Raymond James maintained a Buy rating on AT&T (NYSE: T).
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Based on AT&T’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $31.34 billion and a GAAP net loss of $23.52 billion. In comparison, last year the company earned a revenue of $65.92 billion and had a net profit of $5.04 billion
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AT&T, Inc. is a holding company, which engages in the provision of telecommunications media and technology service. It operates through the following segments: Communications, WarnerMedia, Latin America and Xandr. The Communications segment provides services to businesses and consumers located in the U.S., or in U.S. territories, and businesses globally. The WarnerMedia segment develops, produces and distributes feature films, television, gaming and other content over various physical and digital formats. The Latin America segment provides entertainment and wireless services outside of the U.S. The Xandar segment provides advertising services. The company was founded in 1983 and is headquartered in Dallas, TX.
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