Bernstein Reiterates a Buy on AT&T Inc. (T), Keeps the PT

​AT&T Inc. (NYSE:T) is one of the Best Communication and Media Stocks to Buy Now. On November 18, Laurent Yoon from Bernstein reiterated a Buy rating on AT&T Inc. (NYSE:T) with a price target of $31. Earlier on November 11, Brandon Nispel from KeyBanc upgraded the stock from Hold to Buy with a price target of $30.

​In addition to Wall Street’s positive outlook, on November 17, AT&T Inc. (NYSE:T) announced deploying EchoStar’s Spectrum, thereby boosting 5G speed by up to 80%. Earlier on August 26, the company acquired licenses from EchoStar in a deal worth $23 billion and added approximately 50 MHz of low-band and mid-band spectrum to its holdings.

Now the company has officially deployed spectrum across 5,300 cities and across 48 states under a short-term spectrum manager lease. As a result, management noted that the mobility customers can experience up to an 80% increase in download speed, while AT&T Internet Air customers can get up to 55% faster download. Jeff McElfresh, chief operating officer at AT&T Inc. (NYSE:T), said,

​”We’ve put EchoStar spectrum to work on our network and customers are already feeling the difference.”

​AT&T Inc. (NYSE:T) is a leadin‍g telecommunications conglomerate that pro‌vides‍ wireles‍s (5G​) and wireline (fiber) ser‍vi‌ces. The company also offers business solutions a​nd entertain‍ment offerings, operating a vast network that serves both​ consumers a​nd businesses with mobile, internet, and television services.

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Disclosure: None. This article is originally published at Insider Monkey.