AT&T (T) Receives a Rating Update from a Top Analyst

In a report released on January 26, Timothy Horan from Oppenheimer maintained a Hold rating on AT&T (TResearch Report). The company’s shares closed last Friday at $19.95.

Horan covers the Technology sector, focusing on stocks such as Microsoft, Amdocs, and AT&T. According to TipRanks, Horan has an average return of 13.9% and a 67.07% success rate on recommended stocks.

In addition to Oppenheimer, 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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