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 ...

Both telecom giants offer dividend dividend yields above 6% at the moment.Income-seeking investors want to turn their heads toward the telecommunications industry. Two members of America's three-way telecom oligopoly offer huge dividend yields above 6% at the moment.Verizon (VZ 1.17%) and AT&T (T 1.02%) recently delivered first-quarter results that suggest their high-yield dividends are on steady ground. Both telecom giants are generating the profits they need to meet their dividend commitments, but which c ...

AT&T continues to win subscribers and churn out cash flow.Telecom giant AT&T (T 1.02%) slightly missed expectations for revenue and earnings when it reported its first-quarter results on Wednesday, but those headline figures don't tell the whole story. AT&T continued to win new wireless subscribers while keeping churn at record-low levels, and its broadband business impressed.AT&T produced $3.1 billion in free cash flow during Q1, and it maintained its guidance calling for between $17 billion and $18 billio ...

Luis Alvarez Still Laying The Groundwork For Share Price Recovery I have been covering AT&T's (NYSE:T) quarterly earnings regularly here on Seeking Alpha. I have rated it a Buy since July 2023, during which time the stock has returned over 16%. The share price has stalled out in 2024, however, trading mostly sideways since my last article, where I labeled AT&T "The Ultimate Patience Tester". Seeking Alpha AT&T stock performance this year has not been out of line with its two biggest competitors, Verizon ...

AT&T Inc. (NYSE:T) Q1 2024 Earnings Conference Call April 24, 2024 8:30 AM ET Company Participants Brett Feldman - Senior Vice President, Finance and Investor Relations John Stankey - Chief Executive Officer Pascal Desroches - Senior Executive Vice President and Chief Financial Officer Conference Call Participants Simon Flannery - Morgan Stanley John Hodulik - UBS Peter Supino - Wolfe Research Bryan Kraft - Deutsche Bank David Barden - Bank of America Michael Rollins - Citi Sebastiano Petti - JPMorgan Frank ...