Market data chart with calculator
Markets

AT&T’s Estimates Lowered at Citigroup; Still a “Buy” (T)

Telecom giant AT&T Inc. ( T ) on Thursday saw its earnings estimates cut by analysts at Citigroup.

The firm said it lowered its estimates for T through 2012, noting the company is selling a greater number of smartphones. That trend means lower lower initial margins on phone sales.

Still, Citi maintained its "Buy" rating and $32 price target on AT&T, suggesting a nearly 9% upside to the stock's Wednesday closing price of $29.40.

AT&T shares posted small losses in premarket trading Thursday.

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 5.85% dividend yield, based on last night's closing stock price of $29.40.

AT&T Inc. ( T ) is a "Recommended" dividend stock, holding a Dividend.com DARS™ Rating of 3.6 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.

Created by Dividend.com


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

In This Story

T

Other Topics

Stocks