On Saturday, the two giants announced the mammoth deal, which has the mobile company paying $107.50 per share in cash and stock transaction for Time Warner.
Burks likes AT&T's attractive yield and modest earnings growth, and he thinks the merger could expand the company's growth rate.
"It diversifies from the slow-growing wireless business and it further strengthens the ability of the company to maintain its dividend," the senior analyst for Hilliard Lyons told CNBC's "Power Lunch."
If the deal is approved, AT&T will also take on a lot of debt.
On Monday, Moody's put AT&T's credit rating on review for a potential downgrade because of that potential debt. The U.S. carrier currently has $119 billion in net debt, and Moody's estimates that it could jump to more than $170 billion if the companies merge.
"We think this deal is going to be difficult for them to digest," Moody's senior credit officer Mark Stodden told "Power Lunch."