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Upgrade Alert for AT&T (T)

By Nick Russo

AT&T (NYSE:T) was upgraded from Reduce to Hold at HSBC today. The stock closed yesterday at $41.14 on volume of 16.6 million shares, below average daily volume of 21.7 million.

In the past 52 weeks, AT&T share prices have been bracketed by a low of $30.97 and a high of $43.89 and closed yesterday at $41.14, 33% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 0.4%.

AT&T Inc. is a communications holding company. The Company, through its subsidiaries and affiliates, provides local and long-distance phone service, wireless and data communications, Internet access and messaging, IP-based and satellite television, security services, telecommunications equipment, and directory advertising and publishing.

AT&T (NYSE:T) defies analysts with a current price ($41.14) 8.8% above its average consensus price target of $37.50. The stock should discover initial support at its 50-day moving average (MA) of $38.49 and subsequent support at its 200-day MA of $35.11.

SmarTrend is tracking the current trend status for AT&T and will alert subscribers who have T in their portfolio or watchlist when shares have changed trend direction.

Keywords: analyst upgrades/downgrades AT&T

Ticker(s): T