AT&T Inc. (NYSE:T) reported a solid quarter with higher-than-expected postpaid phone and broadband net additions and an adjusted EBITDA beat, according to Goldman Sachs.

The AT&T Analyst: Analyst Michael Ng maintained a Buy rating and price target of $32.

The AT&T Thesis: The company reported revenue of $30.7 billion, almost in line with Street expectations of $30.9 billion, while adjusted EBITDA of $11.86 billion topped market estimates of $11.75 billion, Ng said in the note.

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Management reiterated their ...