S&P Capital IQ Reiterates its STRONG BUY Rating on AT&T

October 21 00:00 2011

New York, October21 (RainbowNewsLine.com) – Analyst Todd Rosenbluth of S&P Capital IQ maintains his STRONG BUY recommendation on the shares of AT&T (NYSE:T).

Analyst Todd Rosenbluth, in a research report published yesterday mentions that the company has reported its Q3 EPS ahead of the estimates. Although the revenues were lower with slower wireless growth, the operating margins were higher than expected, the analyst says. There are favorable signs of stability for enterprise operations which supports growth in 2012. AT&T’s dividend is comprised of 60% of the total free cash flow which provides enough space for investments, the analyst adds.