2024-06-26 14:30:38 ET
Summary
- AT&T is benefiting from steady price momentum and an improved free cash flow outlook, leading to less concern about the dividend.
- The company is seeing growth in its Fiber Broadband segment and higher free cash flow compared to the previous year.
- AT&T is on track to reduce its net debt significantly by 2025, with a focus on capital investments and debt repayments.
AT&T Inc. ( T ) is profiting from some slow-and-steady price momentum. Passive income investors seem much less worried about the Telco’s dividend this year, which is probably attributable to the company guiding for at least $17.0 billion in free cash flow and laying out an ambitious target for net debt reductions.
AT&T is also seeing steady momentum for its core Fiber Broadband segment and had substantially higher free cash flow compared to the year ago period....
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AT&T: High Margin Of Safety