AT&T downgraded by JP Morgan following decision to abandon T-Mobile deal
0. phoneArena posted on 20 Dec 2011, 15:01
JP Morgan analyst Philip Cusick resumed coverage on AT&T after suspending his rating on the stock while JP Morgan advised on the proposed buyout of T-Mobile; Cusick lowered his rating from Overweight to Neutral while reducing his target on the stock from $33 to $31...
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1. snowgator posted on 20 Dec 2011, 15:34 1 0
I can see a consolidation of carriers, especially smaller regional ones. Maybe Sprint absorbing a smaller carrier or 2 that uses CDMA. If T-Mobile gets a green light to exist, their are plenty of GSM carriers that may help it's footprint. I kinda feel that they market is a little saturated right now, and regional carriers may have problems keeping up with tech, especially as Smart Phones replace feature phones.
As do AT&T, I can see a year or two of transition to recover from this, but they ain't a weak link, so they will rebound just fine.
T-Mobile needs to get someone who sees it for the viable option it is. This company has got great potential to be a huge success. What isn't to like?
