AT&T Upgraded to “Outperform” at Credit Suisse (T)

Filed in dividend, Gold, Gold Investing, outperform, shares, ubs, upgrade by on September 20, 2010 0 Comments

Telecom giant AT&T Inc. ( T ) on Monday caught a big upgrade from analysts at Credit Suisse. The firm boosted its rating on T from “Neutral” to “Outperform,” sending the company’s shares up 32 cents, or +1.1%, in premarket trading Monday. Suisse noted that rival Verizon’s ( VZ ) possible addition of Apple’s ( AAPL ) iPhone won’t hurt AT&T’s bottom line as much as many have feared. A Credit Suisse analyst commented, “The impact from the loss of iPhone exclusivity should be substantially less than current valuations imply.” 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 5.96% dividend yield, based on Friday’s closing stock price of $28.17. 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 Upgraded to “Outperform” at Credit Suisse (T)

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