.jpg "Wells Fargo Keeps Their Sell Rating on AT&T (T)")
In a report issued on May 16, Steven Cahall from Wells Fargo maintained a Sell rating on AT&T (T), with a price target of $25.00. The company’s shares closed last Monday at $31.37.
According to TipRanks.com, Cahall is a 3-star analyst with an average return of 1.8% and a 50.5% success rate. Cahall covers the Services sector, focusing on stocks such as Interpublic Group of Companies, Charter Communications, and Nexstar Media Group.
Currently, the analyst consensus on AT&T is a Hold with an average price target of $30.70.
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Based on AT&T’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $43.94 billion and net profit of $7.55 billion. In comparison, last year the company earned revenue of $42.78 billion and had a net profit of $4.61 billion.
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AT&T, Inc. is a holding company, which engages in the provision of telecommunications media and technology service. It operates through the following segments: Communications, WarnerMedia, Latin America and Xandr. The Communications segment provides services to businesses and consumers located in the U.S., or in U.S. territories, and businesses globally. The WarnerMedia segment develops, produces and distributes feature films, television, gaming and other content over various physical and digital formats. The Latin America segment provides entertainment and wireless services outside of the U.S. The Xandar segment provides advertising services. The company was founded in 1983 and is headquartered in Dallas, TX.
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