AT&T Estimates Lowered at Citigroup (T)

By
A A A
Share |

On Wednesday analysts at Citigroup cut estimates for telecom giant AT&T Inc. ( T ) through 2013.

The analysts have a "Buy" rating for AT&T and a $39 price target. The target is a +15% upside from Tuesday's closing price of $33.92.

The firm sees accelerated network investments for the telecom company.

AT&T shares were up 5 cents, or +0.15%, in premarket trading on Wednesday. The stock is up +12.7% year-to-date.

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 5.31% dividend yield, based on last night's closing stock price of $33.92.

AT&T Inc. ( T ) is recommended at this time, holding a Dividend.com DARS™ Rating of 3.5 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

Created by Dividend.com


This article appears in: Investing , Stocks

Referenced Stocks: T

Dividend.com

Dividend.com

More from Dividend.com:

Related Videos

Form 990 Explained
Form 990 Explained                  

Stocks

Referenced

66%

Most Active by Volume

126,873,082
  • $61.15 ▼ 0.34%
85,437,693
  • $3.20 ▲ 0.95%
65,167,403
  • $4.33 ▼ 2.04%
52,934,216
  • $16.38 ▲ 0.06%
43,936,859
  • $87.56 ▲ 0.92%
37,277,237
  • $26.14 ▼ 0.42%
35,838,497
  • $46.31 ▼ 2.36%
33,401,971
  • $39.665 ▼ 0.06%
As of 4/24/2014, 03:51 PM