We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
AT&T's (T) CFO Provides Business Update to Shareholders
Read MoreHide Full Article
Speaking at the Citi Global TMT West Virtual Conference, AT&T Inc.’s (T - Free Report) senior executive vice president and CFO, John Stephens, provided a business update to shareholders. He stated that AT&T’s investments in network, along with an attractive wireless device pricing for customers, should continue to lend momentum to the wireless business.
The company anticipates activations of HBO Max to continue increasing, supported by the introduction of a hybrid distribution model for the Warner Bros. 2021 slate of movies along with the new distribution deals with Comcast’s (CMCSA - Free Report) Xfinity and Roku (ROKU - Free Report) . Notably, the release of Wonder Woman 1984 on HBO Max contributed to high subscriber engagement over the holiday season.
AT&T also expects to have financial flexibility in 2021 to invest in growth areas that include broadband connectivity in fiber and 5G and software-based entertainment like HBO Max and AT&T TV. It aims to sustain the dividend at current levels and reduce its debt. AT&T currently has a dividend yield of 7.1%. As of Sep 30, 2020, it had $152,980 million of long-term debt.
Stephens reiterated that the company expects to generate free cash flow of $26 billion in 2021, with a gross capital investment of $21 billion. AT&T continues to look for non-core assets monetization opportunities to drive shareholder value. It has refinanced more than $60 billion of debt at historically low rates.
AT&T is scheduled to report fourth-quarter 2020 results on Jan 27, before the opening bell. At that time, the company will provide its financial outlook and capital allocation guidance for 2021.
Shares of AT&T have lost 25% in the past year compared with 0.4% decline of the industry.
Corning delivered a trailing four-quarter positive earnings surprise of 40.7%, on average.
Breakout Biotech Stocks with Triple-Digit Profit Potential
The biotech sector is projected to surge beyond $775 billion by 2024 as scientists develop treatments for thousands of diseases. They’re also finding ways to edit the human genome to literally erase our vulnerability to these diseases.
Zacks has just released Century of Biology: 7 Biotech Stocks to Buy Right Now to help investors profit from 7 stocks poised for outperformance. Our recent biotech recommendations have produced gains of +50%, +83% and +164% in as little as 2 months. The stocks in this report could perform even better.
Image: Bigstock
AT&T's (T) CFO Provides Business Update to Shareholders
Speaking at the Citi Global TMT West Virtual Conference, AT&T Inc.’s (T - Free Report) senior executive vice president and CFO, John Stephens, provided a business update to shareholders. He stated that AT&T’s investments in network, along with an attractive wireless device pricing for customers, should continue to lend momentum to the wireless business.
.jpg)
The company anticipates activations of HBO Max to continue increasing, supported by the introduction of a hybrid distribution model for the Warner Bros. 2021 slate of movies along with the new distribution deals with Comcast’s (CMCSA - Free Report) Xfinity and Roku (ROKU - Free Report) . Notably, the release of Wonder Woman 1984 on HBO Max contributed to high subscriber engagement over the holiday season.
AT&T also expects to have financial flexibility in 2021 to invest in growth areas that include broadband connectivity in fiber and 5G and software-based entertainment like HBO Max and AT&T TV. It aims to sustain the dividend at current levels and reduce its debt. AT&T currently has a dividend yield of 7.1%. As of Sep 30, 2020, it had $152,980 million of long-term debt.
Stephens reiterated that the company expects to generate free cash flow of $26 billion in 2021, with a gross capital investment of $21 billion. AT&T continues to look for non-core assets monetization opportunities to drive shareholder value. It has refinanced more than $60 billion of debt at historically low rates.
AT&T is scheduled to report fourth-quarter 2020 results on Jan 27, before the opening bell. At that time, the company will provide its financial outlook and capital allocation guidance for 2021.
Shares of AT&T have lost 25% in the past year compared with 0.4% decline of the industry.
The stock currently has a Zacks Rank #4 (Sell).
A better-ranked stock in the broader industry is Corning (GLW - Free Report) , carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Corning delivered a trailing four-quarter positive earnings surprise of 40.7%, on average.
Breakout Biotech Stocks with Triple-Digit Profit Potential
The biotech sector is projected to surge beyond $775 billion by 2024 as scientists develop treatments for thousands of diseases. They’re also finding ways to edit the human genome to literally erase our vulnerability to these diseases.
Zacks has just released Century of Biology: 7 Biotech Stocks to Buy Right Now to help investors profit from 7 stocks poised for outperformance. Our recent biotech recommendations have produced gains of +50%, +83% and +164% in as little as 2 months. The stocks in this report could perform even better.
See these 7 breakthrough stocks now>>