AT&T Estimates Lowered at Citigroup (T)

By Staff,

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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 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 Nasdaq, Inc.

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This article appears in: Investing Stocks
Referenced Stocks: T

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