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Goldman Sachs analyst James Schneider reiterated a Buy rating on AT&T Inc (NYSE:T) with a price target of $22.
AT&T reported fiscal 2024 second-quarter revenue of $29.8 billion — just below Goldman Sachs’s and the Stret’s estimate of $30 billion.
Schneider expects the stock to trade modestly higher following results given more robust phone net additions, in light of lowered expectations following a Verizon Communications Inc (NYSE:VZ) report.
Price Action: AT&T stock gained 27% in the last 12 months. Investors can gain exposure to the stock through Vanguard High Dividend Yield ETF (NYSE:VYM) and Vanguard Value ETF (NYSE:VTV). T shares traded higher by 4.26% at $18.98 at the last check on Wednesday.
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