Risk-to-Price Commentary: AT&T Inc. Oct 10
Standard & Poors, October 2010
Abstract
Record sales of integrated devices, including smartphones, in the third quarter helped boost revenues at AT&T Inc., which said Thursday that it added 2.6 million wireless subscribers for a total of 92.8 million during this period. On a net income basis, AT&T reported earnings of $12.3 billion, or $2.08 per share, compared with $3.2 billion, or $0.54 per share, a year ago. Excluding one-time gains, AT&T would have earned $0.55, in line with the Capital IQ consensus estimate and $0.02 better than the year-ago period. Revenues of $31.6 billion matched analysts' expectations. Standard & Poor's Equity Research reiterated its strong buy recommendation on AT&T following the release of the quarterly figures. It expects the telecom giant's fundamentals to remain strong,...
Companies mentioned in this report are:
- CenturyLink Inc.
- Verizon Virginia Inc.
- Frontier Communications Corp.
- Frontier North Inc.
- Indiana Bell Telephone Co.
- Aliant Communications Co.
- Michigan Bell Telephone Co.
- Verizon New England Inc.
- Verizon New York Inc.
- BellSouth Telecommunications Inc.
- Qwest Capital Funding Inc.
- AT&T Inc.
- BellSouth Capital Funding Corp.
- Qwest Corp.
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research Type: Commentary
Criteria articles describe the thought process and methodology Standard & Poor's analysts use in determining ratings. These commentary pieces discuss both the quantitative (economic and financial) and qualitative (business analysis and caliber of management) aspects of the analysis, as well as legal issues.
- CenturyLink Inc.
- Verizon Virginia Inc.
- Frontier Communications Corp.
- Frontier North Inc.
- Indiana Bell Telephone Co.
- Aliant Communications Co.
- Michigan Bell Telephone Co.
- Verizon New England Inc.
- Verizon New York Inc.
- BellSouth Telecommunications Inc.
- Qwest Capital Funding Inc.
- AT&T Inc.
- BellSouth Capital Funding Corp.
- Qwest Corp.
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