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RBC Capital Sticks to Their Hold Rating for AT&T (T)

RBC Capital analyst Kutgun Maral maintained a Hold rating on AT&T (TResearch Report) on July 22 and set a price target of $20.00. The company’s shares closed last Monday at $18.53, close to its 52-week low of $18.24.

According to TipRanks.com, Maral is a 4-star analyst with an average return of 5.7% and a 48.0% success rate. Maral covers the Services sector, focusing on stocks such as Lions Gate Entertainment Class A, Endeavor Group Holdings Inc, and Paramount Global Class B.

AT&T has an analyst consensus of Moderate Buy, with a price target consensus of $23.22, a 26.3% upside from current levels. In a report issued on July 22, Barclays also downgraded the stock to Hold with a $20.00 price target.

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AT&T’s market cap is currently $131.7B and has a P/E ratio of 6.78.

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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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