"A stunningly strong report," the chief strategist at TD Securities, Marc Lévesque, said.

Millan Mulraine, a strategist at TD Securities in New York said:

In 1996 she joined TD Securities as managing director of infrastructure finance and public private partnership.

Chris Kwan, an analyst in New York for TD Securities, said he would recommend buying a stock in the sector only under certain conditions.

TD Securities is the investment banking arm of TD Bank Financial Group.

TD Securities Inc.

TD Securities is a leading financial services provider that offers advisory and capital market services to corporate, government, and institutional clients worldwide.

TD Securities is a major investment dealer in North America, Europe, and Asia.

"The sale of the papers has been a catalyst," said Jeremy Burge, media and telecommunications analyst at TD Securities in Toronto.

AT&T was advised by TD Securities.