NEW YORK (TheStreet) -- AT&T's (T) - Get Report $85.4 billion deal to acquire Time Warner (TWX) is sure to be the subject of intense scrutiny from U.S. regulators. Politicians have already taken sides on the potential merger, with Senator Bernie Sanders (D-VT) and Republican Presidential candidate Donald Trump both ripping the deal. RBC Capital Markets analyst Steven Cahall thinks that political rhetoric won't ultimately break the merger.

"I do think we're in a heightened political atmosphere at the moment, but I'm of the view that by next spring that could change a lot," Cahall said Monday on CNBC's "Squawk Alley." "Certainly some of the characters we're hearing from today who have a strong voice in media, their voices may not be so strong once we move past this election fervor and into a more normal political period when the new President takes office."

As for other regulatory issues, Cahall drew parallels to Comcast's (CMCSA) 2009 acquisition of NBCUniversal, which was approved in 2011 by the FCC and Department of Justice after heavy scrutiny.

"The fact that you're not taking a single industry competitor out of the market... is what makes me optimistic the deal will be approved," he said.

Shares of both AT&T and Time Warner were lower in Monday morning trading.

(AT&T stock is held in the Dividend Stock Advisor portfolio. See all of the holdings witha free trial.)

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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 robust revenue growth, increase in net income, good cash flow from operations, expanding profit margins 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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