会议主要讨论的核心内容 - 公司在过去4年实施的战略是正确的，即大幅投资无线和光纤网络以获得规模优势 [4][5] - 公司的光纤网络已覆盖2800万个位置，并计划在明年底前达到3000万以上，未来还有1000-1500万个潜在增量 [4][5] - 公司认为通过自建而非收购的方式获得规模优势更有利于获得良好的投资回报 [5] - 公司认为光纤和无线业务的融合能带来显著的客户粘性提升，无线业务渗透率也会更高 [8][11] 问答环节重要的提问和回答 - 分析师询问公司是否担心iPhone新机型发布会引发行业激烈竞争和客户流失，公司表示已做好充分准备并将保持谨慎和纪律性 [34][35] - 分析师询问公司是否考虑减少对iPhone的补贴以降低成本，公司表示整体客户价值是关键考虑因素而非单一的手机补贴 [36][37] - 分析师询问公司未来自由现金流的情况，公司表示将在年底前公布相关计划，包括是否增加股息或回购 [63][64][65] - 分析师询问公司是否考虑通过并购来获得增长，公司表示目前内生增长的机会很大，无需通过并购交易 [68]

DALLAS, Sept. 4, 2024 /PRNewswire/ -- Tune in at 8:00 a.m. ET on September 5 for a fireside chat with AT&T's chief financial officer, where he will cover recent progress on the Company's multi-year growth strategy.Key Takeaways:AT&T continues to make progress on its sustainable, long-term growth strategy and remains on track to meet all of its consolidated financial guidance.The Company continues to see healthy customer demand for world-class converged connectivity through 5G and fiber.As America's largest ...

AT&T Inc. (T, Financial) has shown notable resilience during the recent market turmoil, with the stock steadily climbing and almost matching the S&P 500's performance. After years of underperformance, its shares are finally on an upward trajectory, highlighted by a 5.20% surge following the announcement of second-quarter results. Although revenue fell short of expectations and adjusted earnings per share barely met analysts' forecasts, investors rewarded AT&T for its improving margins and free cash flow tra ...

DALLAS, Sept. 3, 2024 /PRNewswire/ -- Tune in for a fireside chat with John Stankey at the Goldman Sachs Conference, scheduled to begin at 11:10 a.m. ET. Webcast available live and for replay.Key Takeaways:AT&T to webcast fireside chat with John Stankey at Goldman Sachs ConferenceWebcast will be available live and for replayAT&T (NYSE:T) will webcast a fireside chat with John Stankey, chief executive officer, AT&T Inc., at the Goldman Sachs Communacopia + Technology Conference on Tuesday, September 10, 2024 ...

Both legacy telcos have a long history of paying dividends.AT&T (T 0.71%) and Verizon (VZ 1.28%) have been popular income stocks for decades. Both emerged in the era of landlines, supporting dividends through stable businesses. Even as AT&T and Verizon pivoted into wireless and broadband internet services, they increased their payouts over time.However, staying competitive against one another and the rising threat of T-Mobile left both companies with massive debt loads. That obligation led to AT&T slashing ...

Robert Way/iStock Editorial via Getty Images AT&T Inc. (NYSE:T) has never gotten credit for the new cash flow pattern now that management has ditched all the noncore businesses. The last article noted how the excitement over the cash flow results likely meant low expectations. That means the coming quarter could well produce a boost in the stock price yet again because cash flow should again increase seasonally. The business itself remains in the midst of several transitions. There is the 5G that is bei ...

The telecom giant looks headed in the right direction after a multiyear turnaround.It was a long time coming. Shares of telecom titan AT&T (T 0.71%) have finally reversed course after languishing below $20 per share for some time. In fact, the stock was on the decline, and reached a 52-week low around $14 last August.Since then, AT&T's financial performance has proven the company is on a positive trajectory. Its stock began to climb, attaining a 52-week high of $19.99 this August. Shares remain near that hi ...

RapidEye T stock: previous thesis and total shareholder yield I recently wrote an article titled "AT&T Q2: Catalysts Galore" about AT&T stock (NYSE:T) stock. Published on July 27, 2024, this piece delved into the company's second-quarter earnings report, as you can already tell from the title. In particular, I highlighted several factors that could support a bullish investment thesis, despite some unevenness in its Q2 performance. Quote: All told, I see far more positives than negatives from its Q2 report. ...

DALLAS, Aug. 29, 2024 /PRNewswire/ -- Tune in for a fireside chat with Pascal Desroches at the Bank of America Conference, scheduled to begin at 8:00 a.m. ET. Webcast available live and for replay.Key Takeaways:AT&T to webcast fireside chat with Pascal Desroches at Bank of America ConferenceWebcast will be available live and for replayAT&T (NYSE:T) will webcast a fireside chat with Pascal Desroches, chief financial officer, AT&T Inc., at the Bank of America Media, Communications and Entertainment Conference ...

文章核心观点 - 公司目前处于成熟增长阶段,保持了多年来的季度股息支付 [3] - 公司的股息支付安全且可持续,基于派息率和自由现金流 [6][7] - 公司的加权平均资本成本在5.1%-7.3%之间,本文采用7.3%作为折现率 [19][20][21] - 公司自2022年分拆华纳兄弟后,股息增长率难以确定,本文设置了3种不同的增长率假设情景 [22][27][28][29][30] - 公司负债规模较大,未来利率变化可能会对公司估值产生重大影响 [35] - 与同行Verizon相比,Verizon的估值、股息增长率和一致性更具吸引力 [36][37] 根据目录分类总结 公司估值 - 采用股息折现模型对公司进行估值 [3] - 根据不同的股息增长率假设,得出公司股票的合理价值区间为16-26美元 [27][28][29][30] - 公司负债规模较大,未来利率变化可能会对公司估值产生重大影响 [35] 公司基本面 - 公司目前处于成熟增长阶段,保持了多年来的季度股息支付 [3] - 公司的股息支付安全且可持续,基于派息率和自由现金流 [6][7] - 公司自2022年分拆华纳兄弟后,股息增长率难以确定 [22] 行业对比 - 与同行Verizon相比,Verizon的估值、股息增长率和一致性更具吸引力 [36][37]