As Verizon Communications Inc VZ and AT&T Inc T prepare to release their third quarter earnings, the stage is set for a head-to-head clash between the two telecom giants.
By investing in infrastructure and pioneering new technologies, T is well-positioned to enhance the connectivity landscape nationwide.
Telecom operator AT&T on Friday ratified agreements with the Communications Workers of America in the Southeast and West, which covers about 23,000 employees.
AT&T's dividend yield is currently lower than Verizon's, and its valuation is higher than historical averages, reducing its income appeal. Despite a strong share price rally, AT&T's financial performance has been lackluster, with limited growth prospects and declining equipment sales. AT&T's focus on reducing debt and investing in 5G and fiber infrastructure is positive, but its dividend growth is expected to remain minimal.
Get a deeper insight into the potential performance of AT&T (T) for the quarter ended September 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.
AT&T is nearing a pivotal point, with potential for aggressive debt repayments and an improving balance sheet. I expect Q3 net broadband subscriber additions of 230-250k, increased ARPU, a confirmed free cash flow forecast, and $1-2B in net debt repayments. AT&T has a favorable deleveraging trend, as indicated by falling net financial debt and lower interest expenses.
Could a dividend increase be coming for AT&T shareholders?
AT&T (T) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
AT&T (T) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
AT&T appears to be treading in the middle of the road and investors could be better off if they trade with caution.
AT&T's stock has surged over 50% from its all-time lows, with technical analysis indicating strong bullish momentum and potential for further gains. Daily, weekly, and monthly moving averages show increasing bullish momentum, despite some near-term resistance and pullbacks. Key indicators like MACD and RSI confirm the uptrend, suggesting that the current rally is more sustainable than previous bear rallies.
Citi analysts led by Michael Rollins are upbeat on AT&T's revenue growth, Ebitda growth, and free-cash-flow generation.