AT&T's Robust Earnings and Subscriber Growth Signal ResilienceAT&T ( NYSE:T ) has emerged from the first quarter with impressive figures, showcasing resilience in the face of challenging market conditions. Despite a slight dip in earnings compared to the previous year, AT&T's performance has exceeded analyst expectations, buoyed by strong free cash flow and robust growth in wireless subscribers.
Solid Earnings Performance:
AT&T ( NYSE:T ) reported adjusted earnings of 55 cents per share for the first quarter, slightly down from the previous year but surpassing analyst estimates. While revenue experienced a marginal decline, the company's ability to outperform earnings projections underscores its operational efficiency and strategic focus amidst market fluctuations.
Growth Drivers:
One of the standout achievements for AT&T ( NYSE:T ) in the first quarter was its impressive free cash flow of $3.1 billion, significantly exceeding estimates. This robust cash flow not only supports AT&T's dividend payouts but also provides flexibility for future investments and strategic initiatives. Moreover, the addition of 349,000 postpaid wireless phone customers highlights AT&T's continued relevance and competitiveness in the wireless market.
Subscriber Growth and Retention:
AT&T's success in attracting and retaining subscribers is particularly noteworthy, especially amidst intensifying competition in the telecom industry. The company's ability to surpass Wall Street estimates for postpaid phone subscriber additions reflects effective marketing strategies and a compelling service offering. Furthermore, AT&T's lower churn rate underscores customer satisfaction and loyalty, positioning the company for sustainable growth in the long term.
Strategic Outlook:
Management's reaffirmation of its 2024 outlook, which includes ambitious targets for revenue growth and free cash flow, instills confidence in AT&T's strategic direction. By focusing on key growth areas such as wireless services and broadband, AT&T ( NYSE:T ) aims to capitalize on emerging opportunities and enhance shareholder value. Additionally, the company's proactive response to network disruptions, such as offering credits to affected customers, demonstrates a commitment to customer satisfaction and service excellence.
Technical Outlook
AT&T ( NYSE:T ) is up by 1% trading below the 100-day Moving Average (MA) with a Relative Strength Index (RSI) of 43.22 indicating rising momentum.
Conclusion:
AT&T's strong performance in the first quarter reaffirms its position as a leading player in the telecommunications industry. Despite facing challenges such as market volatility and competitive pressures, AT&T ( NYSE:T ) has demonstrated resilience and agility in adapting to changing dynamics. With robust earnings, solid free cash flow, and impressive subscriber growth, AT&T is well-positioned to navigate the evolving landscape and drive sustainable value creation for its stakeholders in the quarters ahead.
Atnt
Telecommunications bad days are over?It seems these giant Telecommunications companies have spent their correction and they all experience higher than average volume in the past few days and they may experience a bullish rally..!
You can see the most important support (green lines) and resistance (red lines) to watch in the coming days in these charts!
Best,
Moshkelgosha
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Atnt (Update)Looks like we are at a reasonable support seeing how price has tested this low that we are at about 4 times since December of 2018. In May, a previous high was broken and although since then, price has made a newer low we still need to be careful with our price targets long term. I believe that price retracing the previous of May of this year could be more than safe. Let's see what happens. Oh, and Warner Bros will have the first all Black Western showing on different platforms November 3rd. It should be a fun movie to watch.
AtntI like Atnt even though their annuals financials are shaky. I love the acquisition of DISCA which will take effect next year. Atnt is at or near a strong support and I like the variety of things Atnt is involved with. I feel that they are making noise behind the curtain and is also claimed to be popularly known as a defensive stock. Stochastic is at support on the Daily and the 1 hour time frame matching the green of the Mac D. Previous was broken so I set a fibonacci tool to retrace up to 61% of the previous in case I want to take profit on some shares.
What do you think?
Sector early indicator? Telecommunications - not much at all.The Telecommunications sector - here represented by AT&T (T, in teal) and Verizon (VZ, in pink), - does not often clearly act as an early indicator against the broader market (here represented by the DJIA in gray, and the NASDAQ in black)... falling from peaks in Jul 1999, then a prolonged period around two years of weak underperforming prices from 2013-2015, and then another prolonged period of around ten months of weak underperforming prices in 2017, and a period of around two months of weak underperforming prices from Nov 2019.
AtntI don't really need to go too into detail. Everybody knows this stock has some explaining to do....I think I caught price action.
The three major U.S. wireless companies spent heavily at a recent wireless-spectrum auction that raked in a record $81.2 billion and is expected to dramatically reshape the telecommunications industry for years to come.
1. Verizon Communications Inc. VZ, 0.72% was the biggest bidder in the auction for “C-band spectrum,” a type of wireless spectrum that the biggest U.S. carriers expect will prove crucial in the rollout of 5G networks. Verizon spent $45.5 billion at the auction, while AT&T Inc. T, 1.56% spent $23.4 billion and T-Mobile US Inc. TMUS, 2.76% spent $9.3 billion. Others rounded out the auction with smaller bids of their own — U.S. Cellular Corp.’s USM, 1.60% $1.3 billion haul was the next largest total after T-Mobile’s.
2. AT&T Inc. will offload its DirecTV operations in a deal with private equity firm TPG that values the business at about $16 billion, a fraction of what the telecom giant paid for the satellite-TV company in 2015.
The move caps years of AT&T deliberating over what to do with DirecTV, a pay-television pioneer that had increasingly become a burden as it hemorrhaged customers.
As part of the agreement, a joint venture with TPG will run DirecTV and AT&T’s other pay-TV operations, the companies said Thursday. AT&T will get $7.6 billion in cash from the transaction, with the new DirecTV taking on $5.8 billion in committed debt financing.
....Warner Bros.....Space Jam hasn't been released yet, Kong vs Godzilla, Tom n Jerry Movie just debuted with 13.7 MIL.....great dividend....I'll option trading this one for a while.
Let me know what you think?
Like, Follow, Agree, Disagree!
*not investing advice
AT&T (T) daily shooter long opportunityThe market started to show great sector rotations after such a huge correction.
To build some positions again, sectors that are more defensive despite the coronavirus are my main focus now.
T is one of the name that I'll be looking at.
Solid business, nice dividend yield in such price level, and a nice setup to trade!
If this daily shooter is able to break to the upside, I'm interested in taking some long here.
Let's see how it goes yo!
Atnt- T - Long - bullish trend in MAs looking +10% safe in 2020Looking at the 20, 50 and 200 moving day crosses and relations back to 2009 seem to indicate T will test the recent 52-week highs break through and consolidate before boosting up on 5g cycle follow-through. T is trending to be a $50 dollar stock by the end of 2022
Watch for the cross of Moving averages in the weeks to come to confirm a long trade or even a multi-year investment (5% div)
I am long T
T a 0.618, 2618 and 30.00fig combination long.As mentioned before, T has been the lagger of the defensive sector .
It hit the 0.618 since 2008 @ 29.60 a few while ago, and formed a daily double bottom finally!
What's more, the entry of the 2618 will be at the 30.00 fig spot!
Accordingly, I will be very interesting in this trade!
Let's see how it goes!
AT&T INC Levels and Zones to watch! I have finally decided to chart AT&T.
Looking for a deeper pull back into the 618 at the 27-29 range.
We have momentum slowly turning positive, with some buy signals stacking.
Were at the bottom of the bolly band with the failed false breakout of 3 years back into its proper wedge.
Lets see what happens. Dividends for all!
I want everyone to win!
Happy trading, debating and speculating!
FOLLOW me for updates, and check out my other charts, which have been 100% accurate.
AT&T Bullish butterfly before earnings!AT&T has been so weak to make a new low after the 2015.08.24 low!
The earnings report day is coming, there is a potential bullish butterfly about to be formed before 30.00 fig.
Of course, this trade requires a intraday reversal sign AFTER the earning report,
if going down after earnings but not breaking the 30.00 fig (Kinda a no-brainer SIZE over there)
and give a reversal sign there, that'll be a good chance to create a mid-term position for this dividend giant.
Let's see how it goes!!