The stock market has slowly started to come to its senses about telecom giant AT&T (T 0.06%). While the stock is still down significantly from its all-time high, shares have surged around 25% since they bottomed out in mid-2023.Still dirt cheapEven after this rally, it's clear that a cloud of pessimism continues to hover over the stock. AT&T has a market capitalization of around $120 billion, and the company expects to generate between $17 billion and $18 billion of free cash flow this year. At the midpoint ...

AT&T (T 0.06%) stock is going to hit a level it hasn't seen since June 2022. At least that's what analyst Peter Supino from Wolfe Research said when he upgraded shares of the telecommunications company this week.AT&T stock jumped after the analyst moved it from the equivalent of a neutral to a buy rating with a price target of $21 per share. That would represent a gain of 25% from Monday's closing price prior to the analyst report. It would also mean the stock gets to a level it hasn't seen for nearly two y ...

Shares of telecommunications specialist AT&T (T 2.32%) popped on Tuesday, climbing as much as 3.3%. As of 1:30 p.m. ET, the stock was still up 2.6%.The catalyst that sent the telecom stock higher was an upgrade and some positive commentary from a Wall Street analyst.Is AT&T stock going to $21?Wolfe Research analyst Peter Supino upgraded AT&T stock to outperform (buy) from peer perform (hold) while simultaneously boosting his price target to $21. For those playing along at home, that suggests potential upsid ...

DALLAS, March 5, 2024 /PRNewswire/ -- Tune in for a webcast with Pascal Desroches, senior executive vice president and CFO, AT&T Inc., on Tues., March 12, 2024 at 1:00 p.m. ET. Key Takeaways: AT&T to webcast fireside chat with Pascal Desroches at Deutsche Bank Conference Webcast will be available live and for replay AT&T* (NYSE:T) will webcast a fireside chat with Pascal Desroches, senior executive vice president and chief financial officer, AT&T Inc., at the 32nd Annual Deutsche Bank Media, Internet & Te ...

AT&T Inc. (NYSE:T) Morgan Stanley Technology, Media & Telecom Conference Call March 4, 2024 1:15 PM ET Company Participants Jeff McElfresh - Chief Operating Officer Conference Call Participants Simon Flannery - Morgan Stanley Simon Flannery Alright. Good morning, everybody. Welcome to San Francisco. I’m Simon Flannery, I cover telecom services and communications infrastructure. It’s my great pleasure to welcome back Jeff McElfresh, COO at AT&T. Welcome, Jeff. Great to have you here. I think you have some sa ...

AT&T Inc. (NYSE:T) Morgan Stanley Technology, Media & Telecom Conference Call March 4, 2024 1:15 PM ET Company Participants Jeff McElfresh - Chief Operating Officer Conference Call Participants Simon Flannery - Morgan Stanley Simon Flannery Alright. Good morning, everybody. Welcome to San Francisco. I’m Simon Flannery, I cover telecom services and communications infrastructure. It’s my great pleasure to welcome back Jeff McElfresh, COO at AT&T. Welcome, Jeff. Great to have you here. I think you have some sa ...

There's a lot of uncertainty in the stock market, and investors looking for a consistent dividend payout don't need to look further than Verizon (VZ -0.15%). The company has some of the best wireless assets in the U.S. and is improving cash flow after the 5G buildout.In this video, Travis Hoium covers the company's trends and shows why it's a great dividend stock.*Stock prices used were end-of-day prices of March 2, 2024. The video was published on March 3, 2024. ...

Core Insights - AT&T is successfully executing its long-term growth strategy and is on track to meet its financial guidance [1][4] - The company is experiencing strong demand for its 5G and fiber connectivity services [1][5] - AT&T is one of the largest investors in the U.S., with a projected capital investment of $21-22 billion for 2024 [1][3] Investment Strategy - AT&T's investment-led strategy, initiated over three years ago, is driving customer growth and improving returns [2] - The company has invested over $145 billion in its wireless and wireline networks from 2019 to 2023 [3] Network Infrastructure - AT&T boasts the largest wireless network in North America, covering over 210 million people with mid-band 5G spectrum [3] - The company also has the largest fiber network, passing 26 million consumer and business locations [3] - AT&T aims to reach over 30 million fiber locations by the end of 2025 [3] Financial Performance - The company is confident in achieving its financial targets, including an additional $2 billion in cost savings by mid-2026 [4] - AT&T plans to reduce net debt and aims for a net-debt to adjusted EBITDA ratio of 2.5x in the first half of 2025 [4] Customer Relationships - AT&T is focused on building strong relationships with high-quality 5G and fiber customers, benefiting from its extensive network [5] - The company is seeing healthy trends in the wireless industry and steady demand for fiber services [5] Technological Advancements - AT&T is investing in Open Radio Access Networks (Open RAN) to enhance its supplier ecosystem and drive efficiencies [3] - The company offers a range of connectivity solutions, including 5G, fiber, and fixed wireless access products [6]

DALLAS, March 1, 2024 /PRNewswire/ -- This brings the number of AT&T directors to 11 Key Takeaways: Marissa Mayer joins the AT&T Board of Directors, effective immediately. She will serve on two committees: Audit as well as Corporate Development and Finance. AT&T* (NYSE: T) elected Marissa Mayer to its board of directors, effective immediately. She will serve on the Audit committee as well as the Corporate Development and Finance committee. Her election brings the number of AT&T directors to 11. Mayer is C ...

New York Attorney General Letitia James said Thursday her office is investigating the cause of last week’s AT&T wireless outage for up to 12 hours as well as the telecom firm’s response.The Federal Communications Commission is also investigating the Feb. 22 outage.AT&T said on Saturday it would provide $5 billing credits for consumers who were impacted but has not disclosed how many customers temporarily lost service. New York Attorney General Letitia James said her office will investigate the cause of the ...