Shares of AT&T Inc (NYSE:T) are trading at three-year highs today, up 4.2% at $23.66 at last check, after the company announced a $20 billion share buyback and expectations of earnings growth over the next three years.
AT&T (T) outlined an ambitious strategic plan Tuesday, pledging to return more than $40 billion to shareholders via dividends and buybacks in the next three years, while forecasting more than $18 billion in free cash flow in 2027.
AT&T Inc (NYSE:T, ETR:SOBA) has said it expects free cash flow to exceed the $28 billion mark come 2027 as plans were laid to ramp up its fibre rollout and boost shareholder returns. Aims were to double fibre availability to 50 million households across America by 2029, the company said ahead of its investor day on Tuesday.
Mixed market outlook as labor data and Fed policy loom. AT&T rises 4%, U.S. Steel tumbles 7%, and Super Micro gains after clearing misconduct claims.
Following recent deleveraging, AT&T is bringing back share repurchases alongside an expected $20 billion-plus in continued dividend commitments over the next three years.
The telecommunications media and technology company will offer more details about its long-term strategy at its investor day this afternoon.
AT&T expects its free cash flow to be more than $18 billion in 2027, the company said on Tuesday as it detailed a three-year vision for the business to expand its 5G and fiber services across the United States.
AT&T hosts an investors day Tuesday. Wall Street analysts expect the telecom giant to announce an AT&T stock buyback.
AT&T (T) reachead $23.16 at the closing of the latest trading day, reflecting a -0.47% change compared to its last close.
Zacks.com users have recently been watching AT&T (T) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
AT&T reported another strong quarter and the stock continued to move higher. AT&T's 12% forward free cash flow yield and low debt to EBITDA support a longer term case. There are some risks here, and we think preferreds could outperform until the middle of 2025.
AT&T (T) reported earnings 30 days ago. What's next for the stock?