This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

8 Telecom Stocks That Could Rise

Stocks in this article: CTL VMED TWTC

7. AT&T (T - Get Report), a holding company, provides telecommunications services in the U.S. and worldwide. The company structures its operations into four segments: wireless (including voice and data), wire line (landline voice and data), advertising solutions (Yellow and White Pages directories) and customer information services.

During the first quarter of 2011, the company's consolidated revenue increased almost $700 million to $31.2 billion. Diluted earnings per share rose to 57 cents from 41 cents in the same quarter of the prior year. Total wireless subscribers were a record 2 million, with smartphone sales reaching more than 5.5 million. During the quarter, AT&T added 1.6 million emerging device connections to exceed the 12 million devices mark.

Convergys (CVG) recently said it would sell its holdings in cellular partnerships located in the Cincinnati metropolitan area to AT&T in a cash transaction of approximately $320 million. AT&T expects to close the sale by early July 2011.

Moreover, the company has unveiled plans to invest $1 billion in network-based cloud, mobility and network sourcing solutions in 2011. The company will deploy the services across the board to businesses ranging from small to big multinational companies, government agencies, institutions and industries.

Of the 32 analysts covering the stock, 59% rate it a buy and the rest rate it a hold. The stock has no sell ratings. On average, analysts surveyed by Bloomberg have a $32.55 12-month price target on the stock, which is about 5.1% higher than recent levels.

2 of 8

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,164.95 -251.90 -1.45%
S&P 500 1,994.99 -26.26 -1.30%
NASDAQ 4,635.24 -48.1670 -1.03%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs