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AT&T INC

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AT&T's Two-Year Restructuring Journey: A Focus on 5G and ...AT&T's Two-Year Restructuring Journey: A Focus on 5G and Fiber Networks Over the last couple of years, AT&T has actively undertaken a restructuring process by divesting its non-core assets and initiating spin-offs of DirecTV and WarnerMedia. The company's primary goal has been to realign its focus and prioritize the enhancement of its 5G and fiber networks, positioning itself for a more competitive stance in the telecommunications industry. A significant milestone in this strategic plan was the successful merger between WarnerMedia and Discovery, resulting in the formation of Warner Bros. Discovery (WBD 0.16%). The transaction, completed on April 8, 2022, allowed AT&T investors to receive 0.241917 shares of WBD for each AT&T share they held. However, since both stocks began trading separately on April 11, both AT&T's and WBD's stock prices have experienced declines, with AT&T's stock falling by 25% and WBD's stock dropping by 47%. Initially, the "new" AT&T impressed investors with robust growth in its wireless business, gaining nearly 2.9 million postpaid phone subscribers in 2022 and expanding its fiber networks. However, this growth was dampened by underperformance in its business wireline segment and the loss of non-fiber broadband customers. Consequently, AT&T revised its initial projection of $20 billion in free cash flow (FCF) for 2023 down to $16 billion. In the first quarter of 2023, the company generated only $1 billion in FCF due to increased expenses related to 5G and fiber. This sluggish FCF growth has raised concerns about AT&T's dividends and expansion plans, causing investors to seek more conservative income investments amidst the prospect of rising interest rates. Despite seemingly attractive valuations at six times forward earnings and an impressive forward yield of 8.3%, there are three other red flags that could potentially limit its short-term gains. One such concern is the possibility of Amazon's entry into the wireless market. Reports in early June suggested that Amazon might introduce wireless plans at an exceptionally low price, even possibly free for its Prime members. While Amazon later refuted these rumors, the idea of their potential collaboration with one of AT&T's primary competitors raised concerns, especially amidst an ongoing price war among major U.S. carriers. Furthermore, AT&T's CFO Pascal Desroches cautioned that the company might fall short of expectations for adding postpaid phone subscribers in the second quarter, casting doubts on its ability to reach the targeted $16 billion in FCF for the year. Although AT&T's performance still surpassed Verizon, doubts are growing about its FCF prospects. Moreover, AT&T, along with Verizon, faced scrutiny over a Wall Street Journal report alleging exposure of workers and the environment to toxic lead-sheathed copper cables. The potential cost of replacing these legacy cables could be significant, and though AT&T claims they constitute only a small portion of their network, ongoing coverage of the issue may impact the company's brand reputation and stock price. Looking ahead, AT&T's second-quarter earnings report, scheduled for release on July 26, is expected to reveal weaker-than-expected wireless numbers and may provide updates on the lead-covered copper cable issue. Demonstrating higher-than-anticipated FCF growth could offset some negative sentiment, but in the current uncertain market, AT&T's stock may continue to trade at a discount until additional positive indicators emerge.
NYSE:TShort
by FOREXN1
10
T - BEARISH SCENARIOAT&T investors await management comments on financial and legal liability for lead-clad cables abandoned long ago, potentially contaminating soil and water sources in the US. Share prices have yet to recover from a three-decade low after a Wall Street Journal report exposed toxic lead cables left behind by telecom giants. AT&T seeks to allay concerns but faces uncertainty. New York Governor orders a health risk investigation. Cleanup costs could range from near-zero to tens of billions, impacting stock and generating downgrades. Competition from T-Mobile adds to challenges. Investors focus on free cash flow and Q2 revenue, which is expected to increase 1% to $29.94 billion. Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
NYSE:TShort
by legacyFXofficial
1
AT&T — Long $15 to 20Last orders: 1) buy 15,4 2) buy 15,9 3) buy 16 Long term purchase up to $20 - If the price does not rise, receive dividends and buy more. Fix profit on 3 levels - Sell 30% at $20 - Sell 30% for $24 - Sell 40% at $32 If the price goes up wildly, remove the TP and add SL at $24-$28. Considering that the company pays dividends and if the price drops to $15, then you can buy more in the portfolio. There are risks that there will be a crisis in the world in early August, so SL can be put on 50% of the capital. (at the moment transactions are in profit)
NYSE:TLong
by Alex0nder
6
AT&T Inc. (NYSE: T) Regains Investor ConfidenceInvestor Relief Amid Rumors: Investors in AT&T Inc. (T) recently experienced a sense of relief following a period of uncertainty, as the stock faced significant downward pressure, driven in part by rumours suggesting that Amazon (AMZN) planned to enter the wireless industry. Analysts advised investors not to panic, emphasizing that the stock may have reached a point of peak pessimism. This notion was further supported by the belief that the rumour could help "shake off the last of the weak holders." Constructive Price Action: Over the past month, AT&T's price action has exhibited constructive behaviour, bolstering analyst confidence in the stock's bottoming process. This resilience indicates that the company's fundamentals remain intact and that the market sentiment may be stabilizing. Furthermore, management delivered a strong message during a June conference, explicitly stating that "there is nothing to the rumours that have been discussed." This statement likely helped assuage investor concerns regarding potential disruptions, leading to a more positive outlook. Dividend Assurance: One significant aspect that strengthened AT&T's appeal to income investors was its recent declaration of a quarterly dividend of $0.2775 per share. This move debunked worries about a potential dividend cut and instilled greater confidence among investors. Moreover, AT&T maintained its $16 billion free cash flow (FCF) outlook for FY23, further reinforcing its ability to navigate the uncertain macroeconomic landscape in the second half of the year. Improved Investor Confidence: The combination of reassuring statements from management, the company's commitment to its dividend, and the maintenance of its FCF outlook have collectively improved investor confidence in AT&T's prospects. These developments have likely countered the concerns that triggered weak holders to sell off their shares out of fear for the safety of their dividends. Conclusion: AT&T Inc. (T) has experienced a resurgence in investor confidence despite facing rumours and uncertainties. The stock's constructive price action, management's strong message, and the assurance of the dividend have contributed to a more positive sentiment. Investors should continue to monitor AT&T's performance and management's ability to execute its strategic plans in order to make informed investment decisions. This content is provided for general information purposes only and is not to be taken as investment advice nor as a recommendation for any security, investment strategy or investment account.
NYSE:TLong
by CapitalMarketsEliteGroup
Watchlist 2023-04-21 $SPY $CSX $LVS $MGM $NWG $T $UALAMEX:SPY - opening up exactly at PD open, which is sort of strange. This whole week we have opened lower, trended higher, and then finished lower. This could mean there is a trend change today. However, Until the weekly downward trend is broken, I will assume we will continue it. For further confirmation of a trend day, watch for: USI:ADD pinned near +\-2000 USI:VOLD ratio over +/- 3 USI:TICK cumulating past 0 wicking to +/-900 NASDAQ:CSX - triple earnings beats, says it expects shipping prices to remain high in next quarter. Receives mutpile price target increases. However, we only have 1 PM RVOL , so will need to wait to see that number be raised before getting into a trade. There are not a lot of clear support levels we would have to use a 31.50 or 31.25 as confirmation. Target is 33. NYSE:LVS - Swings to Profit in Q1 After Sales Surge, was very strong PD until Janet Yellen tanked that market with her comments. If we can see some support at 61, long is in play. NYSE:T - terrible day PD, closing near the monthly pivot bottom of 17.50. If it stays weak, day 2 continuation short with a hold below this level. I do not want to be first to this trade, let the move happen and see it hold under this level as there is lots of risk that it can get bought up quickly. Else, there is a resistance test trade at 18 to start into a position anticipating a close below 17.50. Other watches: NYSE:NWG - no news but has RVOL of 2 right now and whipped out yesterday's gains will no retracement like many of the names that took a hit yesterday. Watching for weaknes off the open. NASDAQ:UAL - strong day PD. Looking for a day 3 continuation short under 44.30
NYSE:T
by UnclePennybagss