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AT&T (T) Gets a Buy from Goldman Sachs

Tipranks - Fri Apr 24, 7:38AM CDT

In a report released yesterday, Mike Ng from Goldman Sachs maintained a Buy rating on AT&T, with a price target of $35.00. The company’s shares closed yesterday at $25.98.

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Ng covers the Technology sector, focusing on stocks such as Apple, F5, Inc., and Versant Media Group. According to TipRanks, Ng has an average return of 12.1% and a 57.73% success rate on recommended stocks.

In addition to Goldman Sachs, 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).

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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