AT&T CEO John Stankey Flags Normalizing Wireless Trends And Strong Fiber Growth: Details
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 11 2024
0mins
Source: Benzinga
Company Performance and Outlook: AT&T's CEO reported stable trends in the wireless industry, with positive performance in the Mobility business and fiber penetration exceeding expectations. The company anticipates capital investments of $21-$22 billion for 2024 to support its 5G and fiber initiatives, while aiming for over $2 billion in cost savings by mid-2026.
Financial Guidance: AT&T reiterated its annual financial guidance, projecting FY24 Wireless service revenue growth around 3%, Broadband revenue growth of over 7%, and adjusted EPS between $2.15 and $2.25. The company also expects full-year adjusted EBITDA growth in the 3% range and free cash flow of $17-$18 billion.
Analyst Views on VLUE
Wall Street analysts forecast VLUE stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for VLUE is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Analyst Rating
0 Buy
0 Hold
0 Sell
Current: 147.330
Low
Averages
High
Current: 147.330
Low
Averages
High
No data
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
