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Wells Fargo Remains a Buy on AT&T (T)

Tipranks - Tipranks - Fri Apr 24, 7:38AM CDT

In a report released today, Eric Luebchow from Wells Fargo maintained a Buy rating on AT&T, with a price target of $28.00.

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In addition to Wells Fargo, AT&T also received a Buy from KeyBanc’s Brandon Nispel in a report issued today. However, on the same day, Scotiabank maintained a Hold 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 $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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