Shares of AT&T (T 0.40%) 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.
When will att reduce its dividend?
Apr 11, 2022 · AT&T's stock was down by 19.2% as of 11:08 a.m. ET. ... the drop may be easier to swallow knowing that many pre-existing AT&T investors now have a stake in the new Warner Bros. Discovery company. ...
Will att cut the dividend?
Nov 30, 2021 · What happened. Shares of AT&T ( T -0.97%) 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 safe investment?
May 18, 2021 · Shares of AT&T ( T 0.40%) 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...
Why is AT&T stock so low?
Jan 26, 2022 · Shares of telecommunications giant AT&T ( T 0.61%) tumbled in Wednesday afternoon trading, despite the company reporting an earnings beat in the morning. Ahead of the fourth-quarter release,...
Why is ATT stock going down?
Is AT&T stock a buy right now?
What is the prediction for AT&T stock?
The 21 analysts offering 12-month price forecasts for AT&T Inc have a median target of 22.00, with a high estimate of 27.00 and a low estimate of 14.00. The median estimate represents a +10.89% increase from the last price of 19.84.
Is AT&T stock undervalued?
Is AT&T a safe stock?
Notably, the D rating assigned to AT&T results in a substantial amount – 47%. As I wrote in How Our Dividend Grades Averted 99% Of Dividend Cuts, reliable payouts are a top priority for income investors, and in this inflationary environment, dividend stocks are golden.Feb 2, 2022
What company owns AT&T?
Is AT&T a buy Zacks?
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Momentum Scorecard. More Info.
| Zacks Rank | Definition | Annualized Return |
|---|---|---|
| 1 | Strong Buy | 25.08% |
| 2 | Buy | 18.56% |
| 3 | Hold | 10.15% |
| 4 | Sell | 5.79% |
How do I buy AT&T stock?
Is Verizon stock expected to rise?
The 22 analysts offering 12-month price forecasts for Verizon Communications Inc have a median target of 57.00, with a high estimate of 71.00 and a low estimate of 52.00. The median estimate represents a +19.87% increase from the last price of 47.55.
Is AT&T going to cut their dividend?
Is AT&T reducing their dividend?
Did AT&T lower their dividend?
Investors are bracing for a major cut to the telecom giant's dividend
Joe honed his investing skills as an analyst for Stock Advisor, Supernova, and Fool One. He battle-tested his investment philosophy and strategies as portfolio manager of Tier 1, a market-crushing Motley Fool real-money portfolio that delivered 24.58% annualized returns during its existence.
What happened
Shares of AT&T ( NYSE:T) 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.
How much of AT&T will be owned by Discovery?
Discovery shareholders would own the remaining 29%.
What is the merger between Discovery and WarnerMedia?
The merger would allow WarnerMedia and Discovery to accelerate their streaming initiatives centered on popular platforms HBO Max and discovery+. Management also expects the combination to create at least $3 billion in annual cost savings.
Who is Joe Tenebruso?
Joe Tenebruso. (TMFGuardian) May 17, 2021 at 9:10PM. Author Bio. Joe honed his investing skills as an analyst for Stock Advisor, Supernova, and Fool One. He battle-tested his investment philosophy and strategies as portfolio manager of Tier 1, a market-crushing Motley Fool real-money portfolio that delivered 24.58% annualized returns ...
Is AT&T Stock A Leader Or Laggard?
According to IBD Stock Checkup, AT&T stock ranks No. 6 in terms of Composite Rating within the telecom services industry group. 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 2%.
AT&T Technical Analysis
AT&T stock recently formed a new flat base with a 31.99 buy point. But the breakout failed in late May when share gapped below the 50-day line in heavy volume. Shares of AT&T have since fallen below their 200-day moving average as well.
AT&T Stock By The Numbers And Ratings
AT&T reported first-quarter earnings on Apr. 22. Earnings and revenue for the March-ended quarter beat Wall Street projections as the company added more wireless postpaid phone subscribers than expected. AT&T said it added 595,000 postpaid wireless phone customers vs. estimates for a 216,000 gain.
Is AT&T Stock A Buy?
AT&T stock should not be bought right now based on its fundamentals and technical analysis. Investors want to prioritize stocks that have seen growth of at least 25% in earnings and sales in recent quarters. T stock currently falls far below that.