AT&T Nets $850 Million In Sale-Leaseback Deal As Part Of Copper Network Exit
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 24 2025
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Source: Benzinga
AT&T's Sale-Leaseback Transaction: AT&T completed a sale-leaseback of 74 underutilized properties with Reign Capital, generating over $850 million and aligning with its strategy to exit legacy copper operations by 2029 while optimizing capital allocation.
Partnership for Fiber Network: The company partnered with JobsOhio to build a fiber network in East Cleveland, supported by a $1 million investment from the city and a $1.9 million grant, enhancing high-speed internet access for local residents and businesses.
Analyst Views on IYZ
Wall Street analysts forecast IYZ stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for IYZ 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.
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Current: 34.270
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Current: 34.270
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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.
