The Zacks Analyst Blog Highlights: AT&T, America Movil, Verizon Communications, TELUS and Rogers Communications

CHICAGO, Sept. 20, 2013 /PRNewswire/ -- Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include the AT&T, Inc. (NYSE: T-Free Report), America Movil (NYSE: AMX-Free Report), Verizon Communications Inc.'s (NYSE: VZ-Free Report), TELUS Corporation (NYSE: TU-Free Report) and Rogers Communications Inc. (NYSE: RCI-Free Report).

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Here are highlights from Thursday's Analyst Blog:

AT&T Expands in Latin America

AT&T, Inc. (NYSE: T-Free Report) has been reportedly planning its expansion in Latin America markets through its collaboration with Leading Latin American telecom carrier – America Movil (NYSE: AMX-Free Report).

AT&T now expects to reach beyond key countries like Mexico and Brazil and establish its presence in countries like Costa Rica, Dominican Republic, Ecuador, El Salvador, Guatemala, Honduras, Nicaragua, Paraguay, Peru and Uruguay. The company already entered into a network sharing agreement with America Movil in Nov 2012, which allows them to expand and enhance networks within Latin America and offshore key markets throughout the world, including growth regions like, Asia and the Middle East.

We believe AT&T's strategic alliance with America Movil to grow in South America remains reflective of  Verizon Communications Inc.'s (NYSE: VZ-Free Report) intention to step into the Canadian Telecommunication market.

AT&T and Verizon have already achieved significant success in their home ground and are seeking new markets to grow beyond the mature and highly competitive telecom industry in the U.S. However, while AT&T banks on its collaboration with top players like America Movil, Verizon is looking forward to acquisitions, creating a significant threat for three big Canadian companies like TELUS Corporation (NYSE: TU-Free Report) and Rogers Communications Inc. (NYSE: RCI-Free Report). Further, Verizon is also considering participation in spectrum auction by the Canadian government.

Coming back to AT&T, although nothing much has been disclosed by the company on its expansion policies or its deal terms with America Movil, it is anticipated that AT&T can also seek to establish itself in Europe through its tie up with the latter.

In Jun 2012, America Movil increased its minority stake in Koninklijke KPN NV (a Dutch telecom company) to 28% from 4.8% and assimilated a 22% stake in Telekom Austria AG, intensifying its foray into the European market. Given America Movil's growing presence in Europe, we believe it is much likely for AT&T to join forces for invading the European telecom market.

AT&T has a Zacks Rank #3 (Hold).

Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of the Day pick for free.

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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit http://www.zacks.com/performance for information about the performance numbers displayed in this press release.

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