The last few years have been a miserable time to own AT&T (T 0.36%) stock. Thanks largely to its dividend income, AT&T investors earned a total return of just 13% over the last five years, a span when the S&P 500 drove total gains of nearly 110%. Additionally, the company faces considerable financial challenges because it has to spend heavily to remain competitive with Verizon Communications and T-Mobile.Nonetheless, AT&T has reached a point where it has become too compelling to ignore, and one factor likel ...

Investing in stocks requires careful analysis of the potential risks and returns. One way to evaluate a stock is to consider how it fits into your portfolio. For example, do you want a stock that pays regular dividends, grows in value over time, or protects you from market volatility?Once you have a clear goal, you can compare different stocks that meet your criteria and choose the one that offers the best value.One stock that many investors consider for its high dividend yield is AT&T (T 0.09%). The teleco ...

Summary of AT&T Inc. Conference Call Company Overview - **Company**: AT&T Inc. (NYSE:T) - **Event**: Oppenheimer 5G Summit - **Date**: December 11, 2023 - **Participants**: Pascal Desroches (CFO), Timothy Horan (Oppenheimer Analyst) Key Points Industry and Strategic Developments - **Open RAN Strategy**: AT&T has partnered with Ericsson to accelerate the Open RAN architecture, aiming for standardization and innovation in the industry. This move is expected to enhance efficiencies over time, although immediate capital investment impacts are minimal [5][6][8]. - **Capital Investment**: AT&T anticipates capital investments to be in the range of $21 billion to $22 billion for the upcoming year, marking a peak in capital investment for 2022 and 2023 [6][10]. Financial Performance and Projections - **Free Cash Flow**: AT&T has significantly improved its free cash flow generation, with expectations for continued growth in 2024. The company aims to build a durable franchise that grows earnings annually [4][46][50]. - **Subscriber Growth**: The company expects to add approximately 500,000 net subscribers in Q4, driven by effective competition and customer retention strategies [11][12]. Competitive Landscape - **Wireless Market**: The competitive environment during the holiday season is characterized by disciplined spending and a focus on customer retention, leading to record low churn rates [10][11][15]. - **Market Penetration**: AT&T is targeting underpenetrated markets, including Hispanic and Asian demographics, and has successfully expanded its offerings to first responders and healthcare professionals [17][19]. Fiber and Broadband Expansion - **Fiber Revenue Growth**: AT&T's fiber revenues are projected to reach around $6 billion, more than doubling from $2.8 billion in 2020. The company expects to add 10 to 15 million incremental fiber homes over the long term [22][24][26]. - **Fixed Wireless Strategy**: Fixed wireless is viewed as a supplementary tool rather than a primary strategy, with targeted deployments in areas where fiber is not economically viable [33][34]. Cost Management and Efficiency - **Expense Control**: AT&T has maintained flat expenses while increasing investments in promotions and network improvements. The use of artificial intelligence is expected to further optimize operations and reduce costs [51][53]. - **Decommissioning Copper**: The company is actively decommissioning legacy copper infrastructure, which is anticipated to yield significant cost savings over time [60]. Regulatory Environment and Subsidies - **Government Subsidies**: AT&T is not relying on federal subsidies for its fiber expansion plans but is well-positioned to benefit from them if opportunities arise [28][66]. Long-term Outlook - **Debt Management**: AT&T aims to achieve a debt-to-EBITDA ratio of 2.5 times by mid-2025, with plans to explore various capital allocation strategies post-deleveraging [54][57]. - **Shareholder Value**: The company is focused on delivering value to shareholders through potential share buybacks and dividend adjustments once financial targets are met [55][58]. Additional Insights - **Network Improvements**: Significant investments in network infrastructure have enhanced AT&T's competitive position, contributing to market share gains [68][69]. - **Customer Retention**: Consistent offers for both new and existing customers have been key to maintaining customer loyalty and driving sales team effectiveness [69]. This summary encapsulates the critical insights from the AT&T conference call, highlighting the company's strategic direction, financial performance, and market positioning.

AT&T Inc. (NYSE:T) UBS Global Media & Communications Conference December 5, 2023 8:15 AM ET Company Participants John Stankey - CEO Conference Call Participants John Hudlik - UBS John Hudlik Okay. Good morning, everyone. Welcome back to the conference. I'm John Hudlik from the media, telecom and infrastructure team. And this morning, I'm happy to welcome John Stankey, the CEO of AT&T. John, thanks for being here. John Stankey Thanks for having me in. It's good to see. If you all take a quick look at the scr ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-8610 AT&T INC. Incorporated under the laws of the State of Delaware I.R.S. Employer Identification Number 43-1301883 208 S. ...

AT&T Inc. (NYSE:T) Q3 2023 Earnings Call Transcript October 19, 2023 8:30 AM ET Company Participants Amir Rozwadowski - SVP of Finance and IR John Stankey - CEO Pascal Desroches - CFO Conference Call Participants Brett Feldman - Goldman Sachs Simon Flannery - Morgan Stanley John Hodulik - UBS Phil Cusick - JPMorgan Michael Rollins - Citi Craig Moffett - MoffettNathanson David Barden - Bank of America Frank Louthan - Raymond James Operator Thank you for standing by. Welcome to AT&T's Third Quarter 2023 Earni ...

AT&T Investor Update October 19, 2023 2023 3rd QUARTER EARNINGS ...

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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-8610 AT&T INC. Incorporated under the laws of the State of Delaware I.R.S. Employer Identification Number 43-1301883 208 S. Akard ...