NEW YORK (TheStreet) -- AT&T (T) shares are down -1.1% to $35.88 on Wednesday after its second quarter EPS of 62 cents per diluted share missed analysts expectations by 1 cent.
The telecom company posted revenue of $32.57 billion, a 1.5% year over year quarterly increase, missing analysts estimates of $33.2 billion.
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."
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