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William Blair Remains Sidelined on AT&T Inc. (T) Following DirecTV Media Event Showcase

Yesterday, AT&T Inc. (NYSE:T) held a media event that showcased its new internet-based television service DirecTV Now. From William Blair analyst Jim Breen‘s standpoint, this “over-the-top service” is a solid next move for the telecom giant. The event featured presentations from CEO of AT&T Entertainment Group John Stankey, CTO of AT&T Entertainment Enrique Rodriguez, EVP of Marketing of AT&T Entertainment Brad Bentley, and CEO of Fullscreen George Strompolos.

Though the analyst appreciates T’s endeavors to offset rising competition in the wireless verse, he nonetheless remains sidelined for now, reiterating a Market Perform rating on shares of T...