The firm reduced its price target to $43 from $46 on shares of the Dallas-based wireless carrier. UBS also cut earnings estimates by 3%.
UBS cited expectations for diminished earnings growth and heightened competition in the wireless market, according to CNBC.
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Separately, TheStreet Ratings team rates the stock as a "buy" with a ratings score of A+.
AT&T's strengths such as its robust revenue growth, increase in net income, good cash flow from operations, solid stock price performance and expanding profit margins outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.
You can view the full analysis from the report here: T
TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this article's author.