KeyBanc: AT&T's pullback brings buying opportunity, rating upgraded to "hold"

According to the Smart Financial News APP, KeyBanc stated that the stock price of AT&T (T.US) has fallen from its five-year high, providing investors with a highly attractive buying opportunity. This is because the company plans to provide fiber optic services to 60 million households and businesses, as well as recently acquiring spectrum from EchoStar Communications (SATS.US), making it a "clear leader in the convergence field." Analysts Brandon Nispel and Matt Sbriglio from the firm raised AT&T's rating from "neutral" to "overweight." Given the company's attractive growth prospects and capital return, they set a target price of $30.