AT&T: You Were Warned [telecom]

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Summary

• AT&T missed Q3 analyst estimates.

• The company is losing key subscribers on multiple fronts.

• The lack of benefits from the DirecTV merger should raise red flags concerning Time Warner.

Despite ongoing weakness in the stock, AT&T (T) is down following Q3 results. Investors were warned that the wireless giant has no answer to the overly competitive situation that will place the stock price under pressure despite the now substantial 5.8% dividend yield.