2024-05-06 08:30:00 ET
Summary
- AT&T reported declines in revenues but surpassed expectations for growth in free cash flow, new wireless subscribers, and quarterly EPS figures.
- The company's performance was driven by gains in fiber and 5G, and an increasing number of consumers purchasing AT&T's premium unlimited phone plans.
- Despite improvements in key areas, AT&T's share prices remain in a long-term downtrend and have only seen modest gains.
AT&T Inc. (T) continues its love-hate relationship with dividend investors as share prices are caught in a powerful downtrend that continues to erode the overall allure of the stock’s sizable 6.59% annual dividend yield. For the first-quarter period, AT&T reported declines in earnings but surpassed analyst expectations for growth in free cash flow, new wireless subscribers, and quarterly EPS figures. Large portions of this encouraging performance were driven by gains in fiber and 5G, and an increasing number of consumers purchasing AT&T’s premium unlimited phone plans, even while the company has relied on budget offerings to drive growth and compete with Verizon (VZ), T-Mobile (TMUS), and other rivals in highly sought-after markets....
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For further details see:
AT&T: Breaking Major Downside Levels (Technical Analysis)