NEW YORK (TheStreet) -- AT&T (T) raised its full-year 2014 revenue guidance for the second time this year, citing strong growth as the reason to increase its year over year revenue outlook 5% to $135.2 billion, up from its previous estimates of 4% to $133.57 billion.
The telecommunications company expects to report 3.2 million AT&T Next smartphone sales during the second quarter while net subscriber additions are pegged to exceed 800,000 during the same period.
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TheStreet Ratings team rates AT&T INC as a Buy with a ratings score of A-. TheStreet Ratings Team has this to say about their recommendation:
"We rate AT&T INC (T) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its revenue growth, attractive valuation levels, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income."