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AT&T (T) Receives a Buy from Citi

Tipranks - Tipranks - Wed Mar 18, 6:15AM CDT

In a report released yesterday, Michael Rollins from Citi maintained a Buy rating on AT&T. The company’s shares closed yesterday at $27.73.

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According to TipRanks, Rollins is a 5-star analyst with an average return of 13.0% and a 64.86% success rate. Rollins covers the Communication Services sector, focusing on stocks such as AT&T, T Mobile US, and Comcast.

In addition to Citi, AT&T also received a Buy from UBS’s John Hodulik in a report issued today. However, on March 10, Arete Research upgraded 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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