AT&T's stock selloff comes amid growing investor concerns over competition with cable companies, and over ramped up spending by telecommunications companies to build out their fiber networks.
Full Answer
Why is AT&T stock so low?
Apr 11, 2022 · AT&T's stock was down by 19.2% as of 11:08 a.m. ET. ... they received about 0.24 shares of the new Warner Brothers Discovery company for each share of AT&T common stock they had owned at the close ...
Is AT&T a safe investment?
Apr 11, 2022 · AT&T (NYSE: T) stock slumped more than 20% in morning trading before reversing higher. This volatility comes ahead of today’s official debut of Warner Bros. Discovery (NASDAQ: WBD ). On April 6 ...
Is AT&T reducing its dividend?
Nov 30, 2021 · What happened. Shares of AT&T ( T 0.00%) fell 4.4% on Tuesday after comments by one of the telecom's key executives sparked concerns of slowing growth among investors.
Is at T a good investment?
May 18, 2021 · AT&T announced on Monday that it intends to merge its WarnerMedia assets with Discovery to create a new streaming-focused company. In return, AT&T stands to receive $43 billion, which it will use ...
Why is AT&T stock down so much?
What is the prediction for AT&T stock?
What will happen to my AT&T stock?
Is AT&T a good stock to hold onto?
Is AT&T a buy hold or sell?
What company owns AT&T?
Will AT&T shareholders get stock in the new company?
Is AT&T stock undervalued?
What will ATT shareholders get?
Is AT&T a buy Zacks?
Which stock has the highest dividend?
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25 high-dividend stocks.
| Symbol | Company name | Dividend yield |
|---|---|---|
| PSX | Phillips 66 | 4.24% |
| SAFT | Safety Insurance Group Inc | 4.18% |
| MMM | 3M Co | 4.13% |
| EIX | Edison International | 4.07% |
Is Telus a good stock to buy?
What happened
Shares of AT&T ( T 0.46% ) fell 4.4% on Tuesday after comments by one of the telecom's key executives sparked concerns of slowing growth among investors.
So what
Speaking during the Wells Fargo Technology Media and Telecom Summit, AT&T Communications CEO Jeff McElfresh indicated that the strong customer growth the company experienced over the past year was likely to decelerate.
Now what
After the market close, AT&T provided investors with an update. The company noted the "healthy" increase in its wireless service revenue and earnings before interest, taxes, depreciation, and amortization (EBITDA) in recent quarters.
What happened
Shares of AT&T ( T 0.46% ) fell 5.8% on Tuesday as shareholders reacted to the likelihood of substantially reduced cash payouts from the media titan following the pending spinoff of its WarnerMedia business.
So what
AT&T announced on Monday that it intends to merge its WarnerMedia assets with Discovery to create a new streaming-focused company. In return, AT&T stands to receive $43 billion, which it will use to reduce its sizable debt load.
Now what
Skeptics have long questioned whether AT&T could continue to support such a high dividend, particularly after its debt load exploded to more than $180 billion following its acquisition of Time Warner in 2018. These concerns were reflected in AT&T's dividend yield of over 7%, which is well above rival telecom titan Verizon 's 4.4% yield.
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What happened
Shares of AT&T (NYSE: T) fell on Tuesday after the telecom titan said it would cut its cash payout to shareholders following the planned spinoff of its WarnerMedia business.
So what
AT&T will merge its media operations, including its fast-growing HBO Max streaming service, with Discovery (NASDAQ: DISCA) (NASDAQ: DISC.B) (NASDAQ: DISCK). The $43 billion transaction will create a powerful competitor to Netflix and Disney in the streaming arena.
Now what
The spinoff is an acknowledgment that AT&T's $85 billion purchase of Time Warner in 2018 has failed to deliver the profit growth management expected at the time. Yet the deal will help to make AT&T a more streamlined company.
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AT&T beat earnings in 2021. It might not be so lucky in 2022
I like things that go "boom." Sonic or otherwise, that means I tend to gravitate towards defense and aerospace stocks. But to tell the truth, over the course of a dozen years writing for The Motley Fool, I have covered -- and continue to cover -- everything from retailers to consumer goods stocks, and from tech to banks to insurers as well.
What happened
Shares of telecommunications giant AT&T ( NYSE:T) tumbled in Wednesday afternoon trading, despite the company reporting an earnings beat in the morning.
So what
While it's true that the company "beat earnings," not all the news in the report was as good. For one thing, while revenue exceeded expectations, it was still down 10% year over year. Pro forma earnings, meanwhile, were ahead of expectations -- but only up 4% year over year.
Now what
All that being said, AT&T did report $26.8 billion in free cash flow generated for the year. Even at a hefty $368 billion enterprise value, that works out to an enterprise-value-to-free-cash-flow ratio of only 14. With a dividend that yields a generous 7.9% at current share prices, I have to say that valuation sounds attractive ...
What is the strength rating of AT&T?
Also on the negative side, AT&T stock currently maintains a very low Relative Strength Rating of only 12, which is well below the minimum of 80 for ideal growth stock contenders.
Does AT&T have subsidies?
AT&T's recent promotional efforts were a big factor in boosting subscriber additions. The wireless provider ran a promotion offering subsidies of up to $1,000 for new and existing customers buying a new Apple ( AAPL) iPhone.
Is AT&T a leading stock?
Of the top seven stocks in the group, AT&T ranks fourth in terms of price performance so far this year. Shares are down roughly 14%. Given its position relative to its peers, it's safe to say that AT&T is not a leading stock.
Is AT&T stock down?
AT&T stock was down over 26% in 2020, even after recovering nearly 30% from its lows of the coronavirus bear market. So far in 2021, share have traded down 2%. On the positive side, the stock maintains a high 7.4% annualized dividend yield in a very low interest rate environment.
Is the stock market in an uptrend?
Currently, the stock market is in an uptrend which means it's a great time to identify top stock contenders for your portfolio and initiate new positions. Investors should seek out leading stocks in leading industry groups that are outperforming the market.
