Please provide aconclusion/recommendation based onthe following information in thathighlights Internal Consistency (recommendation must matchanalysis) and Recommendation (Buy-Sell-Hold) using the info below/attached for the AT&T stock.

Net profit margin is an evaluation of a firm's profitability that explains how well costs are being controlled. Increases in net profit margin will have a positive impact on return on equity. It is calculated by dividing net profit by revenues. It can be seen in the chart above that AT&T didn't hold as consistently high of a net profit margin as Verizon over this 10-year period; however, AT&T considerably outperformed Sprint's continued net losses.

The financial leverage ratio explains the relationship between the amount of debt a company uses to fund its operations compared to the amount of equity it uses. As financial leverage increases, a company is using more debt to finance its operations. We can see above that all three companies share a fairly similar and consistent financial leverage ratio until 2010 when Sprint's begins to rise. In 2013 we see a drastic increase in the financial leverage ratio for Verizon. It's worth noting that in comparison to all three companies, AT&T remains the most consistent in their approach to financing their operations, making them a less risky investment.

Return on equity indicates how well a company is able to generate profits from shareholder investments. It can be seen that over the 10-year period, AT&T's ROE remained positive in every year except 2008. AT&T outperformed Sprint during the entire period; however, fell second to Verizon's ROE over the same timeframe. This indicates that Verizon's managers did a much better job than AT&T's at utilizing investor dollars to generate profits.

Return on Assets indicates how well a company's assets are utilized in generating sales. ROA is found by dividing net income by total assets. It can be seen above that AT&T had a positive ROA over the 10-year period, except in 2008. Compared to Verizon, who had consistently positive ROA, AT&T's managers did notdo good of job generating sales with company assets. As compared to Sprint, AT&T had a far better ROA ratio over the entire period.

Gross profit margin indicates the percentage of funds left over from sales revenues after subtracting the cost of the services produced.As seen above, all three companies' gross profit margins remained considerably positive over the 10-year period. AT&T's gross profit margins were always second to Verizon's levels, and far exceeded Sprint's levels. Verizon has always demanded a premium price in the market as a result of their reliable and expansive national coverage compared to that of AT&T, which in turn, has allowed for higher profit margins for Verizon. AT&T has consistently held a secondary place to that of Verizon in both reliability and brand recognition, which causes AT&T to offer a more competitive price point to that of Verizon's to drive sales, inevitably reducing gross profit margins for AT&T.

Days' Receivables refers to the number of days a customer's invoice is open before it is paid. The following is the means for calculating this ratio: (Accounts Receivable / Sales Revenues) X 365. This ratio explains the length of time and a company's effectiveness in collecting on outstanding invoices. A higher Days' Receivables ratio will negatively affect a company's cash flow. It can be seen above that in 2006, AT&T's Days' Receivables was double that of Verizon and Sprint. This means that it took AT&T twice as long to collect on outstanding invoices than its competitors that year. The following year, this leveled off for AT&T and remained consistent with competitors around the 35-45 day range over the course of the 10-year period.

Asset turnover is an indication of how well a company uses its assets to generate sales revenue. This is found by dividing sales revenues by total fixed assets. In 2006, both Verizon and Sprint did a much better job of generating sales with their assets versus AT&T. Over the 10-year period AT&T and Verizon managed to stay consistent in their ability to generate similar levels of revenues utilizing their assets. Sprint outperformed both AT&T and Verizon due to their lower total fixed asset amounts, which generated a higher asset turnover ratio.

The Current Ratio is an indication of a company's ability to pay its liabilities with its assets. The current ratio is calculated by dividing current assets by current liabilities. A current ratio under 1 denotes that a company's current liabilities are greater than its current assets. This can be cause for concern if current liabilities come due and a company is unable to pay off these debts. A ratio over 1 denotes that a company's current assets exceed its current liabilities.This is the first ratio that we see AT&T performing the worst out of the competitors matched against herein. Sprint sustained far greater current ratios, averaging above 1 over the 10-year period. AT&T's current ratio remained between 0.5-0.8 over the 10-year period, indicating that AT&T held higher levels of liabilities than assets over this timeframe.

The Operating Cash Flow Ratio indicates the number of times a company can pay its current liabilities from its operating cash flow. This ratio is calculated by dividing cash flow from operations by current liabilities. This ratio indicates financial health in the ability for a company to cover its short-term liabilities with cash from its operations. A ratio over 1 denotes that a company can cover its current debts, whereas a ratio below 1 denotes a company's inability to cover its short-term debts with cash flow. AT&T saw increasing strength in this number from 2006 to 2012. On the contrary, Sprint saw a rapidly declining ratio from 2006 to 2014. Verizon remained the most consistent of the three companies between 2006-2010 before seeing rapidly increasing cash flow into 2013. Only from 2010-2012 did AT&T see a current ratio above 1.

The Debt to Assets ratio denotes the percentage of assets that are financed by debt. This ratio is calculated by dividing total liabilities by total assets. A higher ratio indicates a company is financing its assets with greater amounts of debt. Of the three companies analyzed above, AT&T consistently holds a lower ratio than its competitors, indicating its ability to leverage its assets with smaller amounts of debt. This is an indication of strong financial health, and AT&T also saw a lot less volatility in this ratio than that of Sprint and Verizon.

The Debt to Equity Ratio denotes how much debt a company is using to finance its assets in relation to shareholder's equity. This is calculated by dividing total liabilities by Shareholder's equity. A higher debt to equity ratio is indicative of a company's strategy of rapid growth through financing activities. AT&T remained conservative in their approach over the 10-year period. Spikes can be seen in both Sprint and Verizon's Debt to Equity ratios throughout this timeframe. Higher debt to equity ratios also indicates a riskier investment, thus it can be concluded that AT&T would have portrayed a less risky investment when considering this performance measure.

2010 2011 2012 2013 2014 2015 2016 200? 2008 2009 -mm 35.222 AT&T 2006 Cash Flow from Operations Current Liabilities 33,951 Operating Cash Flow Ratio . 1.04 Verizon Cash Flow from Operations Current Liabilities Operating Cash Flow Ratio Sprint 2416 24]]? 21118 2009 2010 2011 2012 2013 2014 2015 2016 Cash Flow from Operations 10,958 4,815 Cu rrent Liabilities 9,?42 9,104 5,281 5,?85 3",891 Operating Cash Flow Ratio 1.12 0.51 Operating Cash Flow Ratio 2116 2010 2011 2012 2013- 2014 2015 2016 ATS-J 0. 39 Verizon 0.?5 Sprint 1.12 2001 21138 2009 0.8? 0.80 0.93 1.04 1.05 1.08 0-61 AT&T 2002 2008 2009 155.094 2011 2012 2013 2014 2015 2016 Total Liabilities 155, 533 205,905 Total Assets 220,113 259, 423 292,329 Debt to Assets Ratio 0.52 0. 52 0.20 Verizon 2005 2002 2003 2009 2010 2011 2012 2013 2014 2015 2015 Total Liabilities 140,259 135,323 144,553 219,032 225,333 Total Assets 133,304 135,959 202,352 230,451 232,515 244,125 Debt to Assets Ratio 0.24 0.23 0.29 0.53 0.94 0.93 Sprint 2005 2010 2011 2012 2013 2014 2015 2015 Total Liabilities 32,108 Total Assets 51,554 Debt to Assets Ratio 0.22 Debt to Assets Ratio 2005 2010 2011 2012 2013 2014 2015 2015 AT&T Venzon Sprint ATBJ 2005 2003 2003 2009 2010 2011 2012 2013 2014 2015 2015 113,322 123,443 122,513 124,230 125,323 123,434 123,352 132,443 145,301 Cost of Se nrices and Sales 23,354 45,305 55,533 50,531 52,253 54,304 55,223 51,454 50,145 53,045 35,334 m 33,51? 55,355 31,942 Gross Prot Margin 53.35% 50.53% 54.03% 53.32% 53.35% 55.53% 55.55% 50.03% 54.53% 54.33% 53.05% 2005 2003 2003 2009 2010 2011 2012 2013 2014 2015 2015 Operating Revenues 33,132 33,453 33,354 103,303 105,555 110,335 115,345 120,550 123,033 131,520 125,330 Gross Profit 52,333 55,322 53,333 53,223 52,415 55,000 53,531 35,553 33,143 33,053 34,555 Gross Prot Margin 53.35% 53.33% 50.34% 53.55% 53.53% 53.52% 50.05% 52.35% 50.31% 50.03% 53.13% 2003 2003 2009 2010 2011 2012 2013 2014 2015 2015 Operating Revenues 41,003 40,145 35,535 32,250 32,553 33,533 35,345 15,331 3,335 34,532 32,130 13,131 15,345 15,435 20,341 3,333 4,550 13,353 Gross Profit 24,240 22,355 13,333 15,325 15,031 14,554 14,504 3,114 4,215 15,553 15,345 Gross Profit Margin 53.12% 53.13% 53.01% 43.05% 45.23% 43.54% 41.04% 42.12% 43.43% 45.03% 52.55% 2005 2003 2003 2009 2010 2011 2012 2013 2014 2015 2015 ATSJ 53.35% 50.53% 54.03% 53.32% 53.35% 55.53% 55.55% 50.03% 54.53% 54.33% 53.05% m 5"" Sprint 53.12% 53.13% 53 .01% 43.05% 45.23% 43.54% 41.04% 42.12% 43.43% 45.03% 52.55% ATEJIT E5 in millions] 2005 200?r 2003 2009 2010 2011 2012 2013 2014 2015 2015 Netlmame 12,541 11,223 -2,354 12,441 25,115 4,134 1,535 13,553 5,513 13,531 mm 9.32% w 5252 mm am 13,333 153,135 3.1495 453,321 5.41 3.35% 124,115 shareholder's Equity 155,545 115,351 55,155 151,535 111,555 155,151 52,555 51,432 35,524 123,545 Financial Leverage 1.14 2.33 2.14 2.53 2.41 2.55 2.54 3.54 3.31 3.25 Return en Equitlf 3.5155 14.5395 244% 12.25% 13.5395 3.5594 3.1394. 25.2394 11.5194. 155 3.25 10.? 4% 2515 13,553 125,535 15.35% 244,135 TataIAssets 133,354 135,555 252,352 225,551 225,555 235,451 214,553 244,115 153% M--W 15342 mmm 1359 152-995 5.52 5.51% 24,532 15.15 55.52% 2515 -1,555 Netlmame 1,325 -25,444 -2,155 -2,435 2,355 1,355 151 -3,345 m4 Financial Leverage 1.33 2.91 2.94 3.05 3.55 4.32 2.23 3.3? 3.35 3.32 32,135 52595 13,515 5.41 2.5 395 15,133 3.55 Return an Equitllr 2.50% 133.34% -14.04% -13.46% -23.32% -25.29% -61.04% -?.2?% -0.E0% -15.41% -10.03% 425.2 2005 2002 2005 2005 2010 2011 2012 2013 2014 2015 2015 Sales 52,515 124,250 125,223 122,434 125,252 132,442 153,255 Total Assets 220,115 224,551 254,200 255,312 255,423 220,442 222,315 222,252 252,525 403,521 Total Assets Turnover 0.23 0 43 0 42 0 45 0.45 0.42 0.42 0.45 0.45 0.35 0.41 Verizon 2005 2010 2011 2012 2013 2014 2015 2015 Sales 105,555 110,525 122,025 131,520 Total Assets Total Assets Turnover 220,005 230,451 232,515 244, 125 Sprint Sales 32,553 Total Assets Total Assets Turnover 40,145 35,535 32, 54,105 55,550 55, 250 424 0.51 0.58 51,554 0.53 Total Assets Turnover AT SJ Verizon Sprint 0.51 0.58 0.53 0.10