How is AT&T doing financially?
Fourth quarter revenues of $32.0 billion, up 2.2% year over year. Fourth quarter operating income of $5.3 billion, with adjusted operating income* of $5.8 billion; Full-year operating income of $23.5 billion, with adjusted operating income* of $24.7 billion, up 5.0% year over year.
AT&T is executing well on its sustainable, long-term growth strategy. The company remains on track to meet all of its financial guidance. The company continues to see healthy demand for world-class connectivity through 5G and fiber.
In the third quarter of 2023, AT&T reported revenue of $30.4 billion, a 1% increase compared to the same period a year prior. This growth is partly attributed to the company's expanding customer base, which has doubled to over 8 million subscribers in less than four years.
T Stock 12 Months Forecast
Based on 15 Wall Street analysts offering 12 month price targets for AT&T in the last 3 months. The average price target is $27.25 with a high forecast of $109.00 and a low forecast of $17.00. The average price target represents a 59.82% change from the last price of $17.05.
Communications companies have noted a continuing decline in this segment's revenue as fewer businesses use landlines. In fact, AT&T recorded goodwill impairments in the fourth quarter of 2022 of $24.8 billion and said secular declines were impacting Business Wireline growth rates.
Trade Now! According to people within AT&T, the return to office (RTO) mandate that went into effect earlier this year could lead to 25,000 terminations. The large cut follows a massive cost reduction effort at the telecom giant, which seeks to save an additional $2 billion and increase annual revenue per employee.
WASHINGTON, February 26, 2024 – AT&T is looking to abandon its obligation to provide landline telephone service across large swaths of California, which would leave more than 580,000 rural subscribers with more limited options for phone services.
T – AT&T (T) is currently struggling with its debt burden and slowing wireless subscriber growth.
- 2007: Cellular One acquisition. ...
- 2008: Centennial and Wayport acquisitions. ...
- 2011: Qualcomm spectrum purchase. ...
- 2011: Attempted acquisition of T-Mobile USA. ...
- 2013–2014: Leap Wireless acquisition.
AT&T offers telecommunications, media, and technology services. Its communications segment generates most of its revenue and profits. AT&T has been divesting its entertainment businesses to focus on its core telecom operations.
Is AT&T making money?
AT&T's quarterly revenue grew 2.2% from a year earlier to a better-than-expected $32 billion. The company's free cash flow—funds remaining after covering operating expenses for the company to use—was $6.4 billion, up from $6.1 billion for the same period in 2022.
AT&T is facing challenges and may not grow briskly, but investors seeking income might want to consider it: The stock recently sported a hefty dividend yield of 6.6%. Burdened with long-term debt, AT&T cut its dividend nearly in half in 2022 and has kept it steady since then.
Key Points. AT&T reported solid results to end 2023, and it provided guidance calling for free-cash-flow growth this year. Slumping earnings per share and continued heavy capital spending may be weighing on the stock. With valuation ratios still at severely depressed levels, AT&T remains a top value stock for 2024.
AT&T stock (ticker: T) has dropped about 12% this year, while the S&P 500 index has tacked on nearly 18%. The company's quarterly earnings reports have been strong this year, but concerns over AT&T's potential liability regarding legacy lead-lined wires helped push shares to a 30-year low in July.
The pessimism that's been weighing AT&T stock down for years appears to finally be lifting. If the company can maintain solid growth rates for its wireless and fiber internet businesses, the rally over the past six months could be just the beginning of a major recovery for AT&T stock.
Shares of telecom giant AT&T (T 0.35%) have been stuck in a rut for much of 2023. Slowing subscriber growth, an uncertain economic outlook, mountains of debt, and fear that the company's free cash flow outlook was overly optimistic put downward pressure on the stock.
- BT.
- Mitel.
- Verizon.
- Avaya.
- Cisco.
- Microsoft.
Weaknesses. Decline in Traditional Services: Despite its strengths, AT&T Inc (NYSE:T) faces challenges with its traditional wireline services. The company acknowledges a secular decline in these services as customers transition to wireless, VoIP, or internet-based offerings from competitors.
The old copper phone network will be switched off in 2025 and phones will instead use the internet to make calls. That doesn't mean you have to only use a mobile phone - but there are some changes coming. Here's what you need to know.
The US Federal Communications Commission is phasing out requirements for phone companies to provide landline services (called Plain Old Telephone Service, or POTS) across the country. As a result, more homes and business offices are being built with ethernet jacks rather than phone jacks.
What will replace landline phones?
What Will Replace Landlines In 2025? In 2025, landlines will be replaced with digital VoIP services. VoIP stands for Voice over Internet Protocol and is a collection of digital technologies that enable voice calls to be delivered via an Internet connection.
ATT's odds of distress is under 36% at this time. It has slight probability of undergoing some form of financial hardship in the near future. Bankruptcy prediction helps decision makers evaluate ATT's chance of financial distress in relation to its going-concern outlook and evaluation.
AT&T slow internet connection can occur for network issues in your household. Typically, the following scenarios might trigger slower upload or download speeds: Too many devices connect to your network, exceeding the number stated in your internet plans. Your modem/router cannot support the speed you expect to receive.
Network demand and data use
We may temporarily slow your speed at any time if our network is busy. We may also slow it after you use more than 50GB or 22GB of data in a single bill period.
More than 1 million Verizon customers in 18 states now are AT&T subscribers, but their plans wont change for a while. AT&T Inc. has wrapped the acquisition of Verizon Wireless assets in a number of states, but Verizon customers plans and coverage will stay the same for about the next year.
