AT&T Inc (T)

[1984ISHERE]

LEAD = DEAD ?

[BottomBounce]

$T Total Debt (mrq) $169.56 Billion

[conix]

There are few times in stock market history where an iconic company hits 30 year LOWS when the market is near all time highs.

And to think the previous CEO of T has retired with over $250 million after making all the decisions that has destroyed the company. Disgusting

https://en.wikipedia.org/wiki/Randall_L._Stephenson

No---this stock is headed lower. Wait until the dividend is cut and the last of the income investors leave.

Then it may be time to buy.

[ChuckD-MSB]

Yep. I'm betting the selloff is overdone. Added another 1000 at 13.58

[Engineer in Colorado]

I got out of this mess at 14.80 as it was still dropping. I only lost 200. Now its in the 13's ? REALLY?

[bar1080]

Not on sale. Perhaps deeply troubled. Perhaps unquantifiable risk.

"AT&T shares hit three-decade low as lead cables risk weighs"

"NEW YORK (Reuters) -Shares of AT&T Inc fell more than 5% to hit their lowest level in thirty years on Monday, after analysts downgraded the stock following a news report that the telecommunications giant left toxic lead cables buried across the United States."

"A Wall Street Journal report on July 9 named AT&T and Verizon among several telecom giants that abandoned a sprawling network of underground toxic lead cables, with a huge number of them possibly contaminating neighboring soil and drinking water sources.

Analysts at Citigroup and JPMorgan both lowered their recommendations on AT&T shares in recent days. The stock has lost a quarter of its value so far this year, having dropped 12% since the Wall Street Journal report. The shares hit a low of $13.68 in Monday's session, the lowest since March 1993.

AT&T faces unquantifiable financial risks that would create a "long term overhang" for the stock since the company probably has a significant exposure to the toxic lead cables with its network reaching about 40% of homes in the U.S., Citi analysts, led by Michael Rollins, said in an investor note."

[ChuckD-MSB]

T seems to be on sale this morning. Picked up 3000 shares

[swanlinbar]

$T > AT&T cash on hand for the quarter ending March 31, 2023 was $2.821B

Go Nowhere but back up !

[Engineer in Colorado]

I know this is "captain obvious", but if people would stop SELLING short, this would hit 20/share easily

[Engineer in Colorado]

I got me some at 15:04 share

[TRUSTUNITS1000000]

Keeps dropping, $1 lol is this company going bankrupt

[TRUSTUNITS1000000]

Interesting sales

[mokew]

Does not look good:
https://www.barchart.com/stocks/quotes/T/opinion

[TRUSTUNITS1000000]

Wonder how low this is going

[Dubster watching]

Love seeing green!
Safe place to have parked some $$ for a while.

[TRUSTUNITS1000000]

Opened higher

[TRUSTUNITS1000000]

Dropping

[swanlinbar]

T Amazon Spokesperson Tells Benzinga 'We are always exploring adding even more benefits for Prime members, but don't have plans to add wireless at this time.'
Benzinga Hot Stories

[Dubster watching]

Wow, double down on the T-urd.

[leftovers]

good move I did the same!

[swanlinbar]

What's Going On With AT&T Shares
12:19 pm ET May 25, 2023 (Benzinga) Print
AT&T Inc. (NYSE: T) shares are trading lower by 5.42% to $15.08 Thursday afternoon. Shares of several cell phone carriers are trading lower following reports suggesting DISH Network Corp (NASDAQ: DISH) could be selling wireless plans through Amazon.com, Inc. (NASDAQ: AMZN).

Additionally, AT&T shares are trading lower by some 13.74% over the trailing month on continued weakness after the company reported first-quarter earnings in April. Cash flow came in below estimates.

What's Going On With DISH Network?

The potential deal allows Dish to market its service to millions of prospective customers and help Amazon expand its relatively small footprint in the consumer smartphone market.

Amazon has previously discussed potential wireless business deals with Dish.

Wireless plans sold through Amazon's e-commerce portal could eventually challenge rival cellphone carriers...Read More

According to data from Benzinga Pro, T has a 52-week high of $21.53 and a 52-week low of $14.46.

© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

[TRUSTUNITS1000000]

Wonder where headed

[Dutchieboy]

yup, started a position today. still great fundamentals.

[leftovers]

Getting cheap Hmmmm ?

[JohnnyBlaze]

Bought some

[Dubster watching]

$17.62 good place to have another go.

[Dubster watching]

Selling some nice green “T”
Never has failed me. Thanks

[Dubster watching]

He was being sarcastic. Not the first time for that guy. Should be an age limit.

[Dubster watching]

Got em both yesterday. VZ and T.

Verizon stock leads Dow losers after AT&T earnings
Mentioned: T TMUS VZ
Shares of Verizon Communications Inc. (VZ) fell 3.7% Thursday, leading Dow Jones Industrial Average losers in the wake of peer AT&T Inc.'s (T) earnings report that showed slowing growth in postpaid phone subscribers and a miss on quarterly free-cash flow. Verizon is due to post its own first-quarter numbers before Tuesday's opening bell. AT&T's postpaid phone net additions of 424,000 indicates the "switcher pool could be shrinking," Citi Research analyst Michael Rollins wrote in a note to clients following the report. MoffettNathanson's Craig Moffett wrote that investors "won't know until other companies report the extent to which AT&T's subscriber deceleration reflects a loss of market share versus simply a slowing market." Shares of T-Mobile US Inc. (TMUS) slipped as well Thursday, dropping 1.9%, while AT&T's stock logged a 10.4% decline, making for its largest single-day percentage decline since Dec. 19, 2000.

-Emily Bary

[xdx]

Purchasing shares in quantities of even 100 lots like 200 or 400 instead of 87 or 223 ( sometimes known as odd lots.

[G-lupo]

What do you mean by a round lot?

[bar1080]

Wow, a round lot of a $17 stock. Imagine!

[Dubster watching]

Good
Morning!!!

Loading round lots stating about now.

[Dubster watching]

Sold with some nice gains.
Dividend isn’t as exciting as my plan.

[TRUSTUNITS1000000]

A while back was considered a blue chip stock

[TRUSTUNITS1000000]

Going back in time recently $3 up around

[TRUSTUNITS1000000]

Terrible

[$Pistol Pete$]

$T AT&T Stock Loses $10 Billion in Value After Newsmax Drop

https://www.newsmax.com/us/directv-at-t-stock/2023/02/11/id/1108254/?dkt_nbr=6F1212r9kwed

[OMOLIVES]

AT&T did not remove anything...Direct TV did. AT&T does not run Direct TV.

[TRUSTUNITS1000000]

Interesting buyers who flipped this for a few dollars is smart, maybe no flippers, recently

[saturn_five]

T holding steady at $19 in AH. AT&T expects to generate $16 Billion FCF (free cash flow) in 2023.
Current divvy yield is 5.77 %.
Over on SA, average price target is $21.00
$$$$$

[Sesh]

They removed a program called Newsmax from their Direct TV service and lost 7 million subscribers in less then a week!
That’s gonna hurt the company a bit.

[BottomBounce]

$T Has $160.6 Billion DEBT

[TRUSTUNITS1000000]

Why billions in revenues and profits that I saw on this board, not sure when the period is for

[TRUSTUNITS1000000]

Financials soon

[TRUSTUNITS1000000]

Someone posted might be hard to collect money from customers

[OMOLIVES]

Exactly and thanks. That is why I was applauding the recent ATT move with Discovery et al. Better use of cash and what is so laughable about the Seeking Alpha art' is this:

https://tvanswerman.com/2022/05/11/directv-does-nfl-sunday-ticket-make-a-profit/

Now to your question: If the Sunday Ticket is so profitable, why doesn’t DIRECTV want to keep it as an exclusive after this season? And if it’s not a money-maker, why are Apple and Amazon prepared to pay more than $2 billion a year for the rights, according to the news reports?

The answer lies in uncovering one of the great myths about the NFL Sunday Ticket: It does not make a profit, has never made a profit, and will never make a profit.


How do I know this?

AT&T told us.

The telco last year filed a statement with the Securities and Exchange Commission that said it had agreed to pay up to $2.1 billion in losses stemming from the Sunday Ticket contract as part of its sale of a minority stake in DIRECTV to the private equity firm, TPG.

[J.Lummouxx]

Google paying around 2 billion a year for the Sunday ticket rights, AT&T was paying around 1.5. Nice chunk of change they can put to better use

[OMOLIVES]

It's Seeking Alpha..and the only art' mentioning such a thing. All because of the NFL Ticket move to youtube. That's a pretty far stretch.

[conix]

Dividend cut?

https://seekingalpha.com/article/4567897-att-dividend-cut-looms-again