John Molson investment society Presented byVali Lazarescu<br />
AT&T (T) Company Profile<br />AT&T Inc. (AT&T) provides telecommunications services in the United States and the world. <b...
AT&T (T) Company Profile<br />Local and long distance phone service<br />Wireless & Data communications<br />Internet acce...
Summary as of Dec 2010<br />As of December 2010, the company had 24.2 million consumer voice connections(down 11.5% from a...
March Madness<br />In March 2011, AT&T announced plans to acquire T-Mobile USA assets (34 million subscribers) for approxi...
US Wireless Communications Providers<br />
Revenue Stream<br />Wireless (Fastest growing revenue stream)<br />Wireline Data(Expect continuous competitive pressure in...
Revenue Pie Chart<br />
Growth<br />
U-verse<br />
Operating Data<br />
Growth in Revenue and Income<br />
Fundamentals<br />Market Cap = 166.11 B<br />Revenue of 124,280 B<br />Beta 0.65<br />Dividend Yield = 6.09%<br />ROA = 7....
Target Estimate<br />Price of 32$ (Increase of 13.87%) +Dividend of 6%. <br />Looking at roughly 20% by November 2011.<br ...
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At&amp;T Pitch

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AT&amp;T Stock Pitch

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At&amp;T Pitch

  1. 1. John Molson investment society Presented byVali Lazarescu<br />
  2. 2. AT&T (T) Company Profile<br />AT&T Inc. (AT&T) provides telecommunications services in the United States and the world. <br />It offers services and products to consumers in the United States and services and products to businesses and other providers of telecommunications services worldwide.<br />
  3. 3. AT&T (T) Company Profile<br />Local and long distance phone service<br />Wireless & Data communications<br />Internet access and messaging<br />IP-based and satellite television<br />Security services<br />Telecommunications equipment<br />Directory advertising and publishing<br />
  4. 4. Summary as of Dec 2010<br />As of December 2010, the company had 24.2 million consumer voice connections(down 11.5% from a year earlier)<br />Had 14.3 million consumer broadband customers (up 4.4%) along with business voice connections. With the acquisition of BLS, T took full control of Cingular Wireless, now the second largest U.S. carrier with 95.5 million subscribers (up 12% from a year earlier).<br />68 million are post-paid customers including 1.6 million net new ones through acquisition expanded its wireline presence into the southeastern U.S.<br />
  5. 5. March Madness<br />In March 2011, AT&T announced plans to acquire T-Mobile USA assets (34 million subscribers) for approximately $39 billion, pending necessary approvals, equal to 7.1X 2010 EBITDA. <br />T sees the deal as earnings dilutive in the first two years, but believes there are $3 billion in annual cost synergies plus room for revenue growth through higher Smartphone penetration.<br />
  6. 6. US Wireless Communications Providers<br />
  7. 7. Revenue Stream<br />Wireless (Fastest growing revenue stream)<br />Wireline Data(Expect continuous competitive pressure in 2011 forwards)<br />Wireline Voice<br />Advertising solutions/other<br />
  8. 8. Revenue Pie Chart<br />
  9. 9. Growth<br />
  10. 10. U-verse<br />
  11. 11. Operating Data<br />
  12. 12. Growth in Revenue and Income<br />
  13. 13. Fundamentals<br />Market Cap = 166.11 B<br />Revenue of 124,280 B<br />Beta 0.65<br />Dividend Yield = 6.09%<br />ROA = 7.23%<br />ROE = 17.90%<br />ROI = 8.34%<br />P/E = 3.22<br />
  14. 14. Target Estimate<br />Price of 32$ (Increase of 13.87%) +Dividend of 6%. <br />Looking at roughly 20% by November 2011.<br />EPS growth to 3.40$<br />

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