By Nolan Pearson; JAGSReports ~ Nov 22, 2012 

AT&T Inc. logoZacks reaffirmed their neutral rating on shares of AT&T (NYSE: T) in a report issued on Thursday. They currently have a $36.00 target price on the stock. 

Zacks’ analyst wrote, “We retained our Neutral recommendation on AT&T, following its mixed third quarter results. Earnings moved ahead of the Zacks Consensus Estimate, but revenue fell short of our expectation. Looking ahead, we expect AT&T to reap benefits from strong adoption of smartphones, expansion of LTE networks and U-verse services. The company’s foray into cloud computing and hotel WiFi businesses is expected to lead to better revenue and earnings growth. Other positive attributes for the company include a strategic realignment initiative and healthy financial profile. With these aspects already factored into the share price, we believe that there is little room for further upside and expect the stock to trade inline with other group members.” 

A number of other analysts have also recently weighed in on T. Analysts at National Securities initiated coverage on shares of AT&T in a research note to investors on Thursday, November 15th. They set a neutral rating on the stock. Separately, analysts at Piper Jaffray reiterated an overweight rating on shares of AT&T in a research note to investors on Tuesday, November 13th. They now have a $40.00 price target on the stock. Finally, analysts at Macquarie reiterated an underperform rating on shares of AT&T in a research note to investors on Monday, November 12th. They now have a $33.50 price target on the stock. 

AT&T traded up 0.50% on Thursday, hitting $33.85. AT&T has a 1-year low of $27.41 and a 1-year high of $38.58. The company has a market cap of $192.3 billion and a price-to-earnings ratio of 44.55. 

AT&T last released its earnings data on Wednesday, October 24th. The company reported $0.62 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.60 by $0.02. The company’s quarterly revenue was down .1% on a year-over-year basis. Analysts expect that AT&T will post $2.39 EPS for the current fiscal year. 

AT&T Inc. (AT&T) is a holding company. AT&T is a provider of telecommunications services in the United States and worldwide. 

To view Zacks’ full report, visit www.zacks.com