NEW YORK (TheStreet) -- AT&T (T) has dominated headlines all week with its $85.4 billion acquisition of Time Warner (TWX) and speculation about a potential CBS (CBS)/Viacom (VIAB) reunion is reemerging in its wake.

Former Yahoo (YHOO) CEO Ross Levinsohn thinks more consolidation is coming.

"I do believe that over the next 24 months, it's going to be a bonanza of consolidation," Levinsohn on CNBC's "Halftime Report" Friday. "Great for bankers, probably good for the stock market. A lot of activity. Viacom plus CBS obviously makes sense."

Levinsohn floated the possibility of a CBS-Viacom merger eventually being part of a larger acquisition.

"I could fully see someone like Verizon (VZ) coming in and buying the combined company because of this consolidation," he said. "Who knows?"

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Separately, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author. TheStreet Ratings has this to say about the recommendation:

We rate AT&T INC as a Buy with a ratings score of B. This is driven by some important positives, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, increase in net income, revenue growth, good cash flow from operations and solid stock price performance. We feel its strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.

You can view the full analysis from the report here: T

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