AT&T’s Estimates Cut at Morgan Stanley (T)

Filed in dividend, earnings, Gold Investing, o, shares, target, ubs by on January 31, 2011 0 Comments

Telecom giant AT&T Inc. ( T ) on Monday saw its earnings estimates lowered by analysts at Morgan Stanley. The firm said it cut its estimates for T 2012, citing negative effects of higher smartphone subsidies. Wireless carriers often pony up substantial sums to subsidize the cost of expensive smartphones in order to lure in customers. Still, Morgan Stanley left its “Overweight” rating and $32 price target on T unchanged. That target implies a 12% upside to the stock’s Friday closing price of $27.49. AT&T shares were mostly flat in premarket trading Monday. 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 6.26% dividend yield, based on Friday’s closing stock price of $27.49. AT&T Inc. ( T ) is a “Recommended” dividend stock, 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 .

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AT&T’s Estimates Cut at Morgan Stanley (T)

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