At&T Stock Price, News & Analysis

AT&T's CFO, Pascal Desroches, spoke at the Morgan Stanley European Technology, Media & Telecom Conference, outlining the company's focus on growth through 5G and fiber. AT&T is experiencing healthy customer demand and has achieved cost savings from recent investments. The company reported accelerating third quarter adjusted EBITDA growth and aims to continue its fiber expansion, targeting over 30 million locations by 2025. Despite inflationary pressures, Desroches remains confident in AT&T's connectivity services and expects strong capital investment levels while maintaining free cash flow guidance.

AT&T has been awarded the 2022 US Dedicated Internet Access Market Leadership Award by Frost & Sullivan, highlighting its strong performance in the dedicated internet service market. The AT&T Dedicated Internet service, which serves approximately 9.5 million business locations in the U.S., utilizes a robust IP backbone that handles 535.7 petabytes of daily traffic. Features include dedicated bandwidth from 2 Mbps to 1 Tbps, robust SLAs, and enhanced customer service. The award recognizes AT&T's innovative offerings and distinguished brand strength in the telecommunications sector.

AT&T and Citi have launched the new AT&T Points Plus Card, a no annual fee credit card aimed at rewarding wireless customers. The card allows cardmembers to earn up to $240 annually in statement credits for their AT&T wireless bills after eligible spending. Customers earn 3 ThankYou Points per dollar spent at gas stations, 2 Points at grocery stores, and 1 Point on other purchases. New cardholders can also receive a $100 bonus after spending $1,000 within the first three months.

AT&T will host a webcast of a fireside chat featuring CFO Pascal Desroches at the Morgan Stanley European Technology, Media & Telecom Conference on November 17, 2022, starting at 6:20 a.m. ET. The event will be accessible live and for replay on AT&T Investor Relations' website. AT&T connects over 100 million U.S. customers and nearly 2.5 million businesses, providing cutting-edge communication services, including 5G wireless and multi-gig internet.

AT&T has opened its 20th Connected Learning Center (CLC) in Detroit, part of a broader initiative to establish 50 centers nationwide in collaboration with Boys & Girls Clubs. This project is part of a $2 billion commitment from 2021-2023 aimed at bridging the digital divide by providing communities with internet access, computers, and digital skills. The centers offer free resources including AT&T Fiber internet and tutoring, assisting students and families in underserved areas. CEO John Stankey emphasizes the importance of these centers for fostering educational and economic success.

AT&T (NYSE: T) reported strong subscriber growth in Q3, adding 708,000 postpaid phone subscribers and over 2.2 million overall. The company also achieved 338,000 net adds in AT&T Fiber, driving a 5.6% increase in wireless service revenues—the best growth in over a decade. Consolidated revenues from continuing operations were $30 billion, with diluted EPS at $0.79. The firm expects adjusted EPS for the full year to exceed $2.50, underpinned by robust cash flow of $3.8 billion.

AT&T has launched a new fiber-optic network in Vanderburgh County, Indiana, as part of a $39 million deployment. CEO John Stankey announced the initiative, which will provide broadband access to over 20,000 locations in a rural area where one-third lacked fixed broadband. The project is funded through a public-private partnership, with Vanderburgh County contributing $9.9 million and AT&T covering $29.7 million. The network will deliver speeds up to 5 Gbps and is expected to enhance connectivity for residents and businesses by November 2023.

AT&T Inc. (NYSE:T) has declared a quarterly dividend of $0.2775 per share for its common stock. Additionally, quarterly dividends for its 5.000% Perpetual Preferred Stock, Series A and 4.750% Perpetual Preferred Stock, Series C were announced. The Series A dividend is $312.50 per preferred share, and the Series C dividend is $296.875 per preferred share. All dividends are payable on November 1, 2022, to stockholders of record by October 10, 2022.

AT&T (NYSE:T) will announce its third-quarter 2022 financial results on October 20, 2022, before the NYSE opens. A conference call to discuss the results will follow at 8:30 a.m. ET on the same day. Investors can find earnings reports and related materials on the AT&T Investor Relations website.

With a customer base exceeding 100 million across the U.S., AT&T focuses on delivering innovative 5G wireless and multi-gig internet services to enhance connectivity.