Morgan Stanley takes bullish view on AT&T
AT&T Inc. (T) is up 0.8% Wednesday morning. Analysts at Morgan Stanley resumed coverage on the stock with an “overweight” rating. The firm set a $37 price target on the stock.
AT&T Inc. (T) is a telecom company.
Honeywell International Inc. (HON) and Boston Scientific Corporation (BSX) top the list of other companies with positive news today, while Conagra Brands, Inc. (CAG) and NuVasive, Inc. (NUVA) top the list of companies with negative news.
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About AT&T Inc.
Wireless communication remains AT&T's largest business, contributing nearly 40% of revenue. As the second- largest U.S. wireless carrier, AT&T connects more than 100 million devices, including 63 million postpaid and 16 million prepaid phone customers. The consumer and entertainment segment (about 25% of revenue) includes the consumer fixed-line and DirecTV satellite television businesses, serving 24 million television and 14 million Internet access customers. WarnerMedia now contributes a bit less than 20% of revenue with media assets that include HBO, the Turner cable networks, and the Warner Brothers studios. Fixed-line business communications (14%), Latin American satellite television (2%), and Mexican wireless services (1%) constitute the remainder of the firm.