AT&T Inc (T) Receives a Buy from Cowen & Co.

By Carrie Williams

In a report released yesterday, Colby Synesael from Cowen & Co. reiterated a Buy rating on AT&T Inc (TResearch Report), with a price target of $35. The company’s shares opened today at $29.50.

According to TipRanks.com, Synesael is a 5-star analyst with an average return of 14.8% and a 76.1% success rate. Synesael covers the Technology sector, focusing on stocks such as Interxion Holding NV, Zayo Group Holdings, and GDS Holdings Ltd.

AT&T Inc has an analyst consensus of Strong Buy, with a price target consensus of $34.92, representing a 18.4% upside. In a report released yesterday, Oppenheimer also assigned a Buy rating to the stock with a $41 price target.

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Based on AT&T Inc’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $47.99 billion and net profit of $4.86 billion. In comparison, last year the company earned revenue of $41.68 billion and had a net profit of $19.04 billion.

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