DALLAS, May 20, 2024 /PRNewswire/ -- Tune in at 8:10 a.m. ET on May 21 for a fireside chat with AT&T's chief executive officer, where he will cover recent progress on the company's multiyear growth strategy. Key Takeaways: AT&T continues to make progress on its sustainable, long-term growth strategy and remains on track to meet all of its financial guidance. The company continues to see healthy customer demand for world-class 5G and fiber connectivity. As one of the largest investors in telecommunications ...

AT&T's financials have been improving, and a dividend hike may be inevitable.Before the pandemic disrupted its operations, AT&T (T 0.58%) was a reliable dividend stock. Not only that, but it was also a dividend-growth stock. For decades, the company increased dividend payments, and in 2019, its streak hit 36 consecutive years of quarterly dividend hikes. When the pandemic hit, the company kept its dividend intact but it did not make any increases to the payout. Then, after it spun off WarnerMedia in 2022 it ...

AT&T held its annual stockholder meeting. Additional information can be found on the AT&T Investor Relations website.Key Takeaways:AT&T held its annual stockholder meeting on May 16.Each of the 11 nominees to the board of directors were re-elected to a one-year term.Once final voting results are available, they will be filed with the SEC and posted on the AT&T Investor Relations website and on AT&T's proxy website.DALLAS, May 16, 2024 /PRNewswire/ -- AT&T Inc.* (NYSE:T) announced the preliminary results of ...

AT&T Inc. (T) and AST SpaceMobile have entered into a definitive commercial agreement, extending until 2030, to provide a space-based broadband network directly to everyday cell phones. Previously operating under a Memorandum of Understanding, this new agreement marks a significant advancement in enhancing connectivity for consumers and businesses across the country.This summer, AST SpaceMobile plans to deliver its first commercial satellites to Cape Canaveral for launch into low Earth orbit. The initial fi ...

DALLAS, May 14, 2024 /PRNewswire/ -- Tune in for fireside chat with John Stankey at the Annual J.P. Morgan Conference, scheduled to begin at 8:10 a.m. ET. Webcast available live and for replay.Key Takeaways:AT&T to webcast fireside chat with John Stankey at J.P. Morgan ConferenceWebcast will be available live and for replayAT&T* (NYSE:T) will webcast a fireside chat with John Stankey, chief executive officer, AT&T Inc., at the Annual J.P. Morgan Global Technology, Media and Communications Conference on Tues ...

AT&T's days as a dog could soon be over.Retiring wealthy isn't necessarily about hitting the home run investment. Instead, it can be about consistently hitting singles and doubles over time.U.S. telecom company AT&T (T 0.18%) probably won't raise too many eyebrows. But don't overlook the company's current circumstances, which could position investors for steady wealth creation over the coming years. AT&T is a perfect combination of fundamentals and value, making it likely to perform much better as an invest ...

wdstockInvestment Thesis I take a bullish view on AT&T given strong free cash flow growth, a record low postpaid phone churn, and a lower net debt to EBITDA ratio. In a previous article back at the end of January, I made the argument that AT&T (NYSE:T) has the capacity for further upside going forward on the basis of strong LTV growth and impressive free cash flow performance. Since then, the stock has remained more or less in a stationary trend - but down by nearly 7% since my last article: The purpose ...

Revenue Performance - AT&T's total operating revenues decreased by 0.4% to $30,028 million in Q1 2024 compared to $30,139 million in Q1 2023[105] - The Communications segment's operating revenues declined by 1.0% to $28,857 million in Q1 2024[105] - Latin America - Mexico segment's operating revenues increased by 20.4% to $1,063 million in Q1 2024[105] - Mobility service revenues grew by 3.3% to $15,994 million in Q1 2024[118] - Business Wireline operating revenues decreased by 7.8% to $4,913 million, with service revenues down 9.6% to $4,700 million[127] - Consumer Wireline broadband revenues increased by 7.7% to $2,722 million, driven by growth in fiber customers[130] - Latin America segment operating revenues increased by 20.4% to $1,063 million, with service revenues up 16.8% to $690 million[137] Mobility Segment - Mobility equipment revenues decreased by 9.8% to $4,600 million in Q1 2024[118] - Total Mobility subscribers increased by 3.3% to 114,513,000 in Q1 2024[119] - Postpaid phone net additions decreased by 17.7% to 349,000 in Q1 2024[122] - Postpaid churn rate improved to 0.89% in Q1 2024 from 0.99% in Q1 2023[122] - Mobility operating income margin increased from 30.5% in 2023 to 31.4% in 2024, while EBITDA margin rose from 40.7% to 43.5%[124] Latin America - Mexico Segment - Mexico Wireless Subscribers grew by 3.9% to 22,459,000, with postpaid subscribers increasing by 7.6% to 5,352,000[138] - Mexico Wireless Net Additions totaled 143,000 in Q1 2024, with postpaid net additions of 116,000[139] - Mexico operating income margin improved from (3.4)% in 2023 to 0.3% in 2024, with EBITDA margin increasing from 16.4% to 16.9%[141] Financial Performance - Net income attributable to AT&T decreased by 18.5% to $3,445 million in Q1 2024[109] - Depreciation expense increased in Q1 2024 due to Open RAN deployment and network transformation, with ongoing capital spending expected to continue through 2024[124] - Consumer Wireline operating income margin increased from 2.9% in 2023 to 6.4% in 2024, with EBITDA margin rising from 29.5% to 32.7%[135] Cash Flow and Capital Expenditures - Cash provided by operating activities for Q1 2024 was $7,547 million, compared to $6,678 million in Q1 2023, reflecting operational growth and timing of working capital[153] - Cash used in investing activities for Q1 2024 totaled $2,961 million, primarily due to $3,758 million in capital expenditures[156] - Cash used in financing activities for Q1 2024 was $7,815 million, driven by debt repayments, dividend payments, and vendor financing[159] - AT&T's cash and cash equivalents decreased to $3,520 million as of March 31, 2024, down from $6,722 million at December 31, 2023[151] - Capital expenditures for Q1 2024 were $3,758 million, with total capital investment including vendor financing at $4,599 million[157] Debt and Financial Position - Total debt as of March 31, 2024, was $132,764 million, down from $137,331 million at December 31, 2023[151] - AT&T paid $2,034 million in dividends during Q1 2024, compared to $2,014 million in Q1 2023[162] - AT&T's debt ratio was 52.4% as of March 31, 2024, down from 55.9% at March 31, 2023[167] - The weighted average interest rate on AT&T's long-term debt portfolio was 4.2% as of March 31, 2024[160] - AT&T had $7,060 million of debt maturing within one year as of March 31, 2024, including $2,430 million in commercial paper borrowings[161] Broadband and Fiber - Fiber Broadband Connections grew by 14.3% to 8,559,000, while total broadband connections remained stable at 13,930,000[132]

The Federal Communications Commission has fined AT&T, Verizon, T-Mobile and Sprint a combined $200 million in penalties for illegally sharing access to customer location data without their consent. The FCC brought the claim against the US carriers in 2020 and is serving the fined judgment now. The agency stated that the carriers sold access to customers' location data to aggregators, which in turn sold that information to third parties, and in doing so "attempted to offload its obligations to obtain custome ...

PM Images We turned more bullish on AT&T Inc. (NYSE:T) in 2023, and became aggressive buying sub $15 and have had a $19 price objective on the trade, while happy to sit back and collect the consistent and reliable dividend. Shares had pushed above $18 in February, but as we came into March and April, some corrective action in the market has been experienced. Absent that, we surmise our objective would have been obtained earlier. No bother, we still rate shares a buy here. We were a bit underwhelmed with ...