Wireline (fiber) services
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TD Cowen Raises AT&T Price Target to $33 Amid Solid Subscriber Growth
Yahoo Financeยท 2025-11-08 05:52
Core Insights - AT&T Inc. is recognized as one of the 15 Best DRIP Stocks to Own Right Now [1] - TD Cowen raised AT&T's price target from $32 to $33, maintaining a Hold rating due to solid subscriber growth [2] - The company reaffirmed its near-term and long-term guidance, although there are concerns regarding ARPU, wireless margins, and competition from Verizon [3] Financial Performance - AT&T reported mixed third-quarter results for 2025, with revenue increasing by 2% year-over-year to $30.7 billion [4] - Operating cash flow remained steady at $10.2 billion, while capital expenditures totaled $4.9 billion, and overall capital investment reached $5.3 billion [4] - Free cash flow rose to $4.9 billion from $4.6 billion a year earlier [4] Guidance and Projections - For the full year, AT&T reiterated its guidance, projecting low-single-digit growth in consolidated service revenue [5] - Mobility service revenue is expected to grow by 3% or more, with mid-to-high-teens growth in consumer fiber broadband revenue [5] - Adjusted EBITDA is anticipated to grow by 3% or more, with mobility EBITDA around 3% [5] Company Overview - AT&T is a leading telecommunications conglomerate providing wireless (5G) and wireline (fiber) services, along with business solutions and entertainment offerings [6]