The Zacks Analyst Blog Highlights:AT&T, Crown Castle, KT and Level 3 Communications

CHICAGO, June 18, 2014 /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), CrownCastle (NYSE: CCI-Free Report), KT Corp. (NYSE: KT-Free Report) and Level 3 Communications, Inc. (NYSE: LVLT-Free Report).

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

Here are highlights from Tuesday's Analyst Blog:

AT&T on Expansion Spree with U-Verse TV

Leading telecom company, AT&T Inc. (NYSE: T-Free Report) announced its plans of expanding its U-Verse TV service with a fresh launch in Greater Montgomery area, AL.

According to the press release, the expansion is part of the company's Project Velocity IP (VIP) and supports growth in AT&T's IP and mobile data networks. In the near term, AT&T has plans to further its U-Verse TV expansion on the back of rollouts in additional local cities and areas.

AT&T remains focused on its project VIP initiative, which targets business expansion. These initiatives target 4G LTE expansion, spectrum and network capabilities enhancement, and seek to add 8.5 million new U-Verse service customers and 57 million broadband users, covering 75% of the company's wireline footprint by the end of 2015. In addition, the company is also working toward the expansion of its fiber network to include 1 million new customer locations by 2015.

This project underlines the company's efforts to meet the growing demand for high-speed Internet. We believe this investment program will offer AT&T a high-potential growth platform for revenues and earnings, going ahead.

In a bid to support its network infrastructure, AT&T had acquired 39 lower 700 MHz B Block spectrum licenses from Verizon Communications Inc. for $1.9 billion in 2013. In Jan 2014, the company also declared its plans to acquire 49 AWS spectrum licenses from Aloha Partners II, L.P. The licenses cover nearly 50 million people in 14 states. The transaction is expected to be completed by the second half of the year. In Dec 2013, AT&T also completed its lease transaction for 9,000 towers and sale of approximately 600 towers with CrownCastle (NYSE: CCI-Free Report) for $4.83 billion.

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

Other Stocks that Warrant a Look

Better-ranked stocks in this sector include KT Corp. (NYSE: KT-Free Report) and Level 3 Communications, Inc. (NYSE: LVLT-Free Report) with a Zacks Rank #1 (Strong Buy) and a Zacks Rank #2 (Buy), respectively.

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

About Zacks Equity Research

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Continuous coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons.

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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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