Telecom giant AT&T Inc. (T) on Wednesday caught some positive commentary from analysts at two major Wall Street firms following Tuesday’s positive Q1 earnings report.
UBS maintained its “Neutral” rating on T but lifted its price target to $32, suggesting flat upside to the stock’s Monday closing price of $31.72. The firm also boosted its earnings estimates for the company, citing strong first quarter performance.
Meanwhile, Deutsche Bank raised its price target on T to $33 and lifted its earnings estimates through 2013, citing improving wireless margins. The analyst kept its “Hold” rating in tact.
AT&T shares rose 23 cents, or +0.7%, in morning trading Wednesday.
The Bottom Line
We have been recommending shares of AT&T (T) since Mar.12, 2009, when the stock was trading at $23.35. The company has a 5.55% dividend yield, based on last night’s closing stock price of $31.72.
AT&T Inc. (T) is a “Recommended” dividend stock, holding a Dividend.com DARS™ Rating of 3.5 out of 5 stars.