TBB
Communication ServicesAT&T Inc. 5.35% GLB NTS 66 · Telecommunications Services · $129B
What is AT&T Inc. 5.35% GLB NTS 66?
TBB represents AT&T Inc.'s 5.35% Global Notes, a debt security issued by one of the largest telecommunications holding companies in the United States. AT&T operates across both domestic and international markets, serving consumers and businesses alike.
AT&T provides telecommunications, media, and technology services through two primary segments: Communications and Latin America. The Communications segment delivers wireless, broadband, and business services to U.S. customers and global enterprises. The Latin America segment focuses on wireless and entertainment services outside the U.S. Revenue is generated through subscription-based wireless plans, broadband connectivity, and managed business solutions.
AT&T Inc. is headquartered in Dallas, TX, with the notes instrument listed in 2017.
- U.S. wireless and broadband services
- Business and enterprise connectivity solutions
- Latin America wireless and entertainment services
- Fixed-income debt securities (TBB notes)
Is TBB a Good Stock to Buy?
UQS Score rates TBB as Below Average overall, reflecting meaningful headwinds across several key pillars.
The Valuation pillar stands out as Attractive, suggesting the notes trade at a level that may offer relative value compared to peers in the Communication Services sector. Quality is rated Neutral, indicating neither a clear advantage nor a significant drag from the underlying business fundamentals.
Moat, Growth, and Risk are all rated Weak — pointing to limited competitive differentiation, subdued growth prospects, and elevated risk factors that investors should weigh carefully.
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Past performance does not guarantee future results. UQS Score is based on fundamental data and is not a buy/sell recommendation.
Does TBB pay dividends?
Yes — AT&T Inc. 5.35% GLB NTS 66 pays a dividend.
TBB, as a fixed-income note issued by AT&T, carries a stated coupon rate and makes regular interest distributions to holders. AT&T has historically maintained consistent income payments across its capital structure, making this instrument relevant for income-focused investors seeking predictable cash flows from a large-cap telecom issuer.
When does TBB report earnings?
AT&T Inc. reports earnings on a quarterly cadence, typical for U.S.-listed equities.
AT&T's underlying business results reflect the pressures visible in its UQS pillar profile — Growth and Risk remain weak, while Quality holds at a neutral level. The Communications segment continues to face competitive intensity in the domestic wireless and broadband markets.
For the most recent quarter's results, see AT&T's investor relations page at att.com/investor.
TBB Price History
+8.4% over 5Y
Monthly close, adjusted for stock splits and dividend reinvestment.
What if I invested in AT&T Inc. 5.35% GLB NTS 66?
Based on AT&T Inc. 5.35% GLB NTS 66's historical closing prices, adjusted for stock splits and dividend reinvestment. Past performance does not guarantee future results. This is for informational purposes only and is not financial advice.
TBB Long-term Outlook
The fundamental outlook for TBB's underlying issuer, AT&T, is shaped by weak Growth and Risk pillar ratings. The business faces structural challenges including heavy debt obligations and a competitive telecom landscape that limits meaningful expansion. The Attractive Valuation label suggests the market may already be pricing in these headwinds, but the path to improving quality metrics remains uncertain.
Growth drivers
- Continued expansion of fiber broadband infrastructure in the U.S.
- Stabilization and modest growth in the Latin America wireless segment
- Cost discipline efforts within the Communications segment
Key risks
- Elevated debt load weighing on financial flexibility
- Intense competition from wireless and broadband rivals
- Regulatory and macroeconomic pressures affecting telecom margins
TBB vs Peers
TBB's issuer, AT&T, operates in a concentrated telecom landscape alongside a small group of large-cap peers.
Comcast competes primarily through its cable and broadband infrastructure, with a significant media and entertainment footprint that AT&T has largely exited.
AT&T's common equity (T) reflects the same underlying business as TBB but sits lower in the capital structure, carrying different risk and income characteristics.
Verizon focuses heavily on its U.S. wireless network, competing directly with AT&T for postpaid subscribers and enterprise connectivity contracts.
Frequently Asked Questions
What does AT&T Inc. do?
AT&T is a large-cap telecommunications holding company that provides wireless, broadband, and business connectivity services across the U.S. and Latin America. It operates through two segments — Communications and Latin America — serving both individual consumers and global enterprises.
Does TBB pay dividends?
TBB is a fixed-income note that makes regular coupon interest payments to holders rather than traditional equity dividends. AT&T, the issuer, has a long history of maintaining income distributions across its capital structure, making TBB relevant for income-oriented investors.
When does TBB report earnings?
AT&T Inc. reports financial results on a quarterly cadence. Because TBB is a debt instrument, its coupon payments follow a fixed schedule independent of earnings. For the latest corporate results, visit AT&T's investor relations page directly.
Is TBB a good stock to buy?
UQS Score rates TBB as Below Average overall. The Valuation pillar is Attractive, but Moat, Growth, and Risk are all rated Weak. Investors should weigh the fixed-income nature of TBB against the underlying issuer's risk profile before making any decision. The full pillar breakdown is available to Pro members.
Is TBB overvalued?
The UQS Valuation pillar for TBB is rated Attractive, suggesting the notes are not considered overvalued relative to the broader market context. However, valuation alone does not offset the Weak ratings in Growth and Risk. Pro members can view the complete valuation metrics.
How does TBB compare to its competitors?
TBB's issuer, AT&T, competes with Verizon and Comcast in the large-cap Communication Services space. Each carries a distinct capital structure and business mix. UQS Score provides side-by-side pillar comparisons for Pro members to evaluate these differences in depth.
What is TBB's market cap bracket?
TBB is issued by AT&T Inc., which falls within the large-cap bracket. As a debt security rather than common equity, TBB itself does not carry a market cap, but the issuer's scale places it among the largest companies in the Communication Services sector.
Who founded AT&T Inc.?
AT&T's corporate history is extensive and publicly documented. The modern holding company structure was established in 1983, and the company is headquartered in Dallas, TX. Detailed founding history is widely available through AT&T's official corporate resources.
Is TBB a long-term quality indicator?
From a long-term quality standpoint, TBB's UQS profile shows Neutral Quality but Weak Moat and Growth — suggesting the underlying business faces structural challenges over time. The Attractive Valuation may offer near-term appeal, but long-term holders should monitor the issuer's fundamental trajectory.
What sector does TBB belong to?
TBB is classified under the Communication Services sector, reflecting AT&T's core business in telecommunications, broadband, and related technology services. This sector is characterized by high capital intensity and competitive pressure from a small number of large incumbents.
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Pro Analysis
TBB — Score History
| Date | UQS | Quality | Moat | Growth | Risk | Value | Change |
|---|---|---|---|---|---|---|---|
| May 23, 2026 | 42.8 | 53.3 | 37.0 | 18.9 | 14.0 | 95.8 | +0.1 |
| May 18, 2026 | 42.7 | 53.4 | 37.0 | 18.9 | 14.0 | 94.7 | +4.9 |
| May 8, 2026 | 37.8 | 14.2 | 37.0 | 18.9 | 41.1 | 100.0 | -4.4 |
| Apr 26, 2026 | 42.2 | 53.5 | 37.0 | 18.9 | 12.9 | 92.7 | +0.1 |
| Apr 19, 2026 | 42.1 | 53.5 | 37.0 | 18.9 | 12.9 | 91.7 | -0.1 |
| Apr 18, 2026 | 42.2 | 53.5 | 37.0 | 18.9 | 12.9 | 92.7 | -1.1 |
| Apr 5, 2026 | 43.3 | 53.5 | 37.0 | 18.9 | 12.9 | 100.0 | 0.0 |
| Apr 2, 2026 | 43.3 | 53.5 | 37.0 | 18.9 | 12.9 | 99.8 | — |
TBB — Pillar Breakdown
Quality
— 53.3/100 (25%)AT&T Inc. 5.35% GLB NTS 66 has average quality metrics, with room for improvement in margins or capital efficiency.
How effectively capital is deployed to generate returns.
Profitability relative to shareholders' equity.
Ability to convert revenue into operating profit.
Bottom-line profit as a share of revenue.
Asset productivity — how much gross profit each dollar of assets generates.
Free cash flow relative to market value.
Growth
— 18.9/100 (20%)AT&T Inc. 5.35% GLB NTS 66 faces growth headwinds with declining or stagnant revenue trends.
Revenue trajectory over the last twelve months.
Compound annual revenue growth rate over 3 years.
Year-over-year earnings per share growth.
Analyst consensus for future revenue growth.
Analyst consensus for future earnings growth.
Risk
— 14.0/100 (15%)AT&T Inc. 5.35% GLB NTS 66 presents elevated risk with concerns around leverage or financial stability.
Debt levels relative to earnings capacity.
Total debt relative to shareholder equity.
Short-term liquidity — ability to pay near-term obligations.
Earnings capacity relative to interest payments.
Valuation
— 96.6/100 (15%)AT&T Inc. 5.35% GLB NTS 66 appears attractively valued relative to its earnings, cash flows, and sector peers.
Inverse of forward P/E — higher yield means cheaper stock.
How many years of FCF the market cap represents.
Enterprise value multiple relative to sector median.
Moat
— 37/100 (25%)AT&T Inc. 5.35% GLB NTS 66 possesses some competitive advantages but faces meaningful competition. The Moat pillar evaluates competitive advantages across five dimensions: Switching Costs, Network Effects, Cost Advantage, Intangible Assets, and Scale & Ecosystem. Sign in to customize moat ratings for TBB.
Score Composition
Financial Data
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How is the TBB UQS Score Calculated?
The UQS (Unified Quality Score) for AT&T Inc. 5.35% GLB NTS 66 is calculated using a proprietary 6-pillar framework with 29 financial metrics. Each pillar evaluates a different dimension on a 0–100 scale, then combines into a single weighted score. Scoring thresholds are calibrated per sector. Momentum is an optional Pro toggle — without it, you get the 5-pillar / 25-metric core shown below.
Quality (25%) measures profitability and capital efficiency — ROIC, ROE, margins, GP/Assets, and FCF Yield.
Moat (25%) assesses AT&T Inc. 5.35% GLB NTS 66's competitive advantages across switching costs, network effects, cost advantages, intangible assets, and ecosystem scale.
Growth (20%) tracks revenue trajectory and earnings momentum, combining historical results with analyst forward estimates.
Risk (15%) is inversely scored — lower leverage and strong balance sheet health result in higher scores.
Valuation (15%) measures whether AT&T Inc. 5.35% GLB NTS 66 is fairly priced using earnings yield, price-to-FCF, PEG ratio, and EV/EBITDA relative to sector peers.
Six investor-inspired presets are available, each with different pillar weights: Balanced, Buffett, Munger, Lynch, Cathie Wood, and Graham. The public score shown here uses the Balanced preset. Learn more in our FAQ.