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Analyst Coverage

FIRM NAMEANALYST NAME
ARGUS RESEARCH COMPANYJOE BONNER
ATLANTIC EQUITIESCHRIS WATTS
AVIAN SECURITIES LLCGERARD HALLAREN
BARCLAYS CAPITALJAMES M. RATCLIFFE
BMO CAPITAL MARKETS-CANADAPETER RHAMEY
BOFA MERRILL LYNCHDAVID W. BARDEN
BTIGWALTER PIECYK
CITADEL SECURITIES LLCSHING YIN
CITIMICHAEL ROLLINS
COLLINS STEWART LLCGREG MILLER
COWEN AND COMPANYCOLBY SYNESAEL
CREDIT SUISSE - NORTH AMERICAJONATHAN CHAPLIN
DAVENPORT & COMPANY LLCF. DRAKE JOHNSTONE
DEUTSCHE BANK NORTH AMERICABRETT FELDMAN
FBR CAPITAL MARKETS & CO.DAVID M. DIXON
GABELLI & COMPANYSERGEY DLUZHEVSKIY
GOLDMAN SACHS & CO.JASON ARMSTRONG
HILLIARD LYONSDAVID B. BURKS
HSBC GLOBAL RESEARCHRICHARD DINEEN
HUDSON SQUARE RESEARCHTODD RETHEMEIER
JPMORGAN PHIL  CUSICK
MACQUARIE RESEARCH KEVIN  SMITHEN
MIZUHO SECURITIES USAMICHAEL NELSON
MORGAN STANLEYSIMON FLANNERY
MORNINGSTAR, INC.MICHAEL  HODEL
NOMURA SECURITIES INTL (AMERICA)MIKE MCCORMACK
OPPENHEIMER & CO.TIMOTHY HORAN
PACIFIC CREST SECURITIESSTEVE CLEMENT
PIPER JAFFRAYCHRISTOPHER M. LARSEN
RAYMOND JAMESFRANK G. LOUTHAN
RBC CAPITAL MARKETSJONATHAN ATKIN
ROBERT W. BAIRD & CO., INC.WILLIAM V. POWER
SANFORD C. BERNSTEIN & CO., LLCCRAIG MOFFETT
STANDARD & POOR'STODD ROSENBLUTH
STIFEL NICOLAUS & COMPANY, INC.CHRISTOPHER C. KING
TECHNOLOGY RESEARCH GROUPCHRIS BULKEY
UBS (US)JOHN C. HODULIK
WELLS FARGO SECURITIES, LLCJENNIFER M. FRITZSCHE
WILLIAM BLAIR & COMPANY, LLCJAMES BREEN
ZACHARY INVESTMENT RESEARCHPATRICK COMACK

AT&T is followed by the analyst firms listed above and this alphabetical list is provided solely as a convenience to our investors.

Any opinions, estimates, forecasts or other statements made by these firms regarding AT&T, and especially regarding AT&T's future stock performance and operating results, are those of the analysts alone and do not represent the views of AT&T. AT&T does not endorse any conclusions or recommendations expressed in these analyst reports.

Analyst reports must be obtained directly from the firms listed above and this list is subject to change as firms add or delete coverage of AT&T.