Citi analyst Michael Rollins maintained a Buy rating on AT&T today. The company’s shares closed yesterday at $26.16.
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Rollins covers the Communication Services sector, focusing on stocks such as Lumen Technologies, Comcast, and AT&T. According to TipRanks, Rollins has an average return of 12.0% and a 63.43% success rate on recommended stocks.
In addition to Citi, AT&T also received a Buy from Bank of America Securities’s Michael Funk in a report issued today. However, on October 6, Scotiabank downgraded AT&T (NYSE: T) to a Hold.
Based on AT&T’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $30.85 billion and a net profit of $4.5 billion. In comparison, last year the company earned a revenue of $29.8 billion and had a net profit of $3.6 billion
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