BMO Maintains Outperform on AT&T

BMO is out with its report today on AT&T T, maintaining Outperform. In a note to clients, BMO writes, "The stock is attractively valued relative to peers and the market in general on most metrics. We are maintaining our Outperform rating as a result, reflecting the company's strong strategic position, potential to improve operational and financial performance in H2/11 and reasonable mid- to high-single-digit earnings growth in 2012. For investors cautious regarding the acquisition of TMo, we recommend investing in Verizon, which is expected to generate higher organic growth and has greater upside to wireline margins." At the time of posting, shares of T were trading pre-market at $30.80, up 0.72% from Thursday's close.