John Stankey Updates AT&T Shareholders at the 2023 UBS Conference (2024)

FAQs

What is the future plan for AT&T in 2024? ›

To support its ongoing investment in 5G and fiber, the company continues to expect 2024 capital investment in the $21-22 billion range. AT&T believes fiber is the best internet access technology available today, and is pursuing a variety of models for connecting more people with fiber.

Fourth-quarter revenues were $30.8 billion, up 1.4% year over year due to increases in Mobility and Consumer Wireline, which more than offset a decline in Business Wireline. Operating income was $6.6 billion, up 0.5% year over year, with operating income margin of 21.5%, compared to 21.7% in the year-ago quarter.

AT&T total assets for the quarter ending December 31, 2023 were $407.060B, a 1.04% increase year-over-year. AT&T total assets for 2023 were $407.06B, a 1.04% increase from 2022.

Stankey (born 1962) is an American businessman who is the CEO of AT&T He previously was AT&T's president and COO and before that CEO of WarnerMedia. Stankey led AT&T's acquisition of DirecTV and Time Warner in 2015 and 2018, respectively. He assumed the CEO role of AT&T in July 2020, succeeding Randall L. Stephenson.

AT&T says outdated technologies need to go as it seeks to end certain service obligations for traditional landlines in parts of California.

AT&T Stock Forecast

The 16 analysts with 12-month price forecasts for AT&T stock have an average target of 20.38, with a low estimate of 17 and a high estimate of 29. The average target predicts an increase of 16.46% from the current stock price of 17.50.

Consequently, the company achieved $16.8 billion in free cash flow for the year, exceeding the previous guidance and up $2.6 billion from the prior year. Looking forward, the 2024 outlook further indicates AT&T is in a robust growth phase after years of underperformance.

This early experience with stocks was just the beginning for Buffett. Years later, as the head of Berkshire Hathaway Inc., he engaged with AT&T Inc. again, but under different circ*mstances. In the third quarter of 2015, Berkshire Hathaway bought a significant stake in AT&T, acquiring 59.3 million shares.

Is AT&T paying down its debt? ›

Total debt was $132.8 billion at the end of the first quarter, and net debt* was $128.7 billion. In the quarter, the company repaid $4.7 billion of long-term debt. The company continues to expect to achieve net debt-to-adjusted EBITDA* in the 2.5x range in the first half of 2025.

Executive Compensation

As CEO at AT&T INC., J. Stankey made $21,651,207 in total compensation. Of this total $2,400,000 was received as a salary, $5,320,000 was received as a bonus, $0 was received in stock options, $13,499,988 was awarded as stock and $431,219 came from other types of compensation.

John T Stankey currently owns a total of 1 stock. John T Stankey owns 499,958 shares of AT&T Inc (T) as of May 19, 2021, with a value of $9 Million.

In 2022, the marketing executive with the highest earnings was Lori Lee at AT&T, Inc., holding a total compensation of $9,746,405. In comparison, John Stankey, the CEO of AT&T, Inc., amassed a total compensation of $22,915,526 in 2021.

AT&T stock prediction for 1 year from now: $ 14.06 (-19.14%) AT&T stock forecast for 2025: $ 17.14 (-2.24%)

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