AT&T: Don’t Give Up On It Here

Summary:

• AT&T Inc. should not be abandoned; recent Q3 earnings showed strong subscriber growth, solid EPS, and robust cash flow, supporting dividend security.
• Recent spectrum acquisition and fiber network expansion deals with US Cellular and Corning bolster AT&T’s growth prospects and service capabilities.
• The potential DirecTV and DISH merger faces hurdles due to DISH’s debt; a bondholder agreement is crucial for the deal’s success.
• Despite high debt, AT&T aims to reduce net debt-to-EBITDA to 2.5x by 2025, ensuring financial stability and potential for dividend increase.
• What kind of investor are you?

AT&T Inc. (NYSE:T) is holding up very well. After a massive rally from the mid-teens, the high-yield stock has hit a bit of a near-term ceiling, while markets are also seeing some air let out of

Analyst’s Disclosure: I/we have a beneficial long position in the shares of T, VZ either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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