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How to Synthetically 'Call' AT&T — Intermediate Buy

NEW YORK (TheStreet) -- AT&T (T - Get Report) has traded between $31 and $36+ over the past 52 weeks. Given where the overall market has traded during that time, AT&T's trading range seems tame! That range has been affected by AT&T taking over DirecTV, as well as the competition in the cell-phone business, challenging T's growth potential. That down period is likely over for AT&T. Possibly it's up for the stock price over the next several quarters, if not through 2016.

AT&T's analysts...