AT&T: A Great Buying Opportunity Thanks To Mr. Market’s Poor Judgment

Summary:

  • AT&T’s postpaid phone additions for Q2 2023 are expected to be lower than analysts’ estimates, causing a 1.7% decline in share prices.
  • Despite this, the company’s ARPU continues to grow and management expects free cash flow for the current fiscal year to be $16 billion or higher.
  • AT&T’s CFO, Pascal Desroches, dismissed rumors of a deal with Amazon for cheap or free phone service for Prime members, stating “there is nothing to the rumors”.

AT&T Stock Jumps On Strong Earnings Report

Brandon Bell

Those who follow my work closely know that one of my major holdings at this time is none other than telecommunications conglomerate AT&T (NYSE:T). In fact, at present, it is my largest holding, accounting for just over 20% of

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Author – SEC EDGAR Data

ARPU

AT&T

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Author – SEC EDGAR Data


Analyst’s Disclosure: I/we have a beneficial long position in the shares of T 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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