Morgan Stanley Assumes Coverage of AT&T Inc. (T)

AT&T Inc. (NYSE:T) is one of the best cheap stocks for beginners to invest in. Morgan Stanley assumed coverage of AT&T Inc. (NYSE:T) with an Overweight rating on April 16, setting a price target of $30. The firm told investors that the company is well into its turnaround story after refocusing on its core connectivity services and divesting non-core businesses in recent years. It added that AT&T Inc. (NYSE:T) also benefits from the convergence story as the largest fiber provider and builder in the nation, “by far”.

BNP Paribas Downgrades AT&T (T) to Neutral as Scotiabank Raises Price Target Ahead of Q1

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AT&T Inc. (NYSE:T) also received a rating update from Scotiabank on April 1, with the firm lifting the price target on the stock to $31.50 from $31 while maintaining a Sector Perform rating on the shares. The firm told investors that it believes the U.S. wireless pricing environment remains “competitive yet rational” and is also conducive to growth. It added that the firm is increasing its price target on the stock ahead of fiscal Q1 results, pointing towards higher profitability expectations.

AT&T Inc. (NYSE:T) provides telecommunications and technology services and operates through the Communications and Latin America segments. Its Communications segment offers wireline telecom, wireless, and broadband services in the US and globally, while the Latin America segment manages services in Mexico.

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