NEW YORK ( TheStreet) - AT&T (T - Get Report) received approval to complete its purchase of $1.93 billion of spectrum from Qualcomm (QCOM - Get Report), but analysts said AT&T still needs to address its spectrum issues.
The Federal Communication Commission approved the 700 MHz spectrum sale, but this only alleviates issues in the medium-term, wrote Piper Jaffray analyst Christopher Larsen in a research report. Larsen rates AT&T overweight with a $34 price target.
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