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

Tipranks - Tipranks - Wed Apr 15, 9:10PM CDT

In a report released on April 13, Jonathan Atkin from RBC Capital maintained a Buy rating on AT&T, with a price target of $31.00. The company’s shares closed yesterday at $25.61.

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According to TipRanks, Atkin is a 5-star analyst with an average return of 9.7% and a 65.43% success rate. Atkin covers the Real Estate sector, focusing on stocks such as American Tower, Crown Castle, and SBA Communications.

In addition to RBC Capital, AT&T also received a Buy from Bank of America Securities’s Michael Funk in a report issued yesterday. However, on April 8, Exane BNP Paribas downgraded AT&T (NYSE: T) to a Hold.

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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 $33.47 billion and a net profit of $3.72 billion. In comparison, last year the company earned a revenue of $32.3 billion and had a net profit of $4.08 billion

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