Raymond James analyst Frank Louthan maintained AT&T Inc. with an Outperform and a $26 price target ahead of its 2Q22 results. With the WarnerMedia spin-off now closed, he believes the story is far more straightforward and that this will attract investors. He previously discussed that following the Netflix, Inc. miss, eliminating volatile subscriber metrics from DTV and Warner Bros. Discovery, Inc. asset sales…
AT&T Braces For Possible Price Hike Citing Inflation Woes Shortly After Verizon
AT&T Inc could hike mobile-service prices again to ease the impact of the surging inflation, Bloomberg quotes CFO Pascal Desroches. Inflation pressure is outrunning cost projections, Desroches reasoned. “We’re seeing inflation in labor, supplies, energy, and transport. So we’re keeping an eye on it,” Desroches said at an investor conference. If the pressure persists, “we’re going to have…
Verizon Bumps Up Wireless Prices Citing Inflation Woes After AT&T
For the first time in two years, Verizon Communications Inc will raise prices on its wireless bills, helping it shift the burden of higher costs, Bloomberg reports. Industry watchdogs had warned that post-T-Mobile US, Inc’sacquisition of Sprint Corp, there would be fewer wireless competitors, making it easier to raise prices. Implementing higher charges under cover of surging inflation represents a ripe…
AT&T to Spin Off WarnerMedia in $43 Billion Discovery Merger, Cuts Dividend
AT&T Inc. said on Tuesday it will spin off WarnerMedia in a $43 billion transaction to merge its media properties with Discovery Inc. and also cut its dividend by nearly half. AT&T shareholders will own 71 percent of the new Warner Bros. Discovery company and will receive a 0.24 shares of Warner Bros. Discovery for…
AT&T To Spin Off WarnerMedia in Discovery Merger; Hollywood Goes After TikTokers | NTD Business
AT&T spinning off Warner Media, merging it with Discovery. What does it mean for A-T-and-T’s business and its for its shareholders? Hollywood agencies turning their attention to Tik Tokers, why now and what are they after? And companies hiring in New York City will soon have to list pay ranges in job ads. What are the pros and…
Jim Cramer Shares His Thoughts on AT&T, GoodRx and More
On CNBC’s “Mad Money Lightning Round,” Jim Cramer said he doesn’t hate AT&T Inc. anymore. Cramer said GrowGeneration Corp. is a “stock whose time has come and went. They bought a lot of companies. They did a roll-up, and then they did one roll-up too many, and then I had to say goodbye, and that’s where…
Read Why Discovery, AT&T Shares Are Trading Higher Today
AT&T Inc. won a “favorable” ruling from the Internal Revenue Service for the planned merger of its entertainment company WarnerMedia with television conglomerate Discovery Inc. AT&T and Discovery each reported the ruling in a regulatory filing dated December 29. After announcing the deal in May, the companies began a Reverse Morris Trust, enabling AT&T and its partner to complete…
Barclays Upgrades AT&T to Overweight; Sees 26 Percent Upside
Barclays analyst Kannan Venkateshwar upgraded AT&T Inc. from Equal-Weight to Overweight and a $30 price target. The price target implies an upside of 26.2 percent. Venkateshwar cited valuation and Warner deal benefits behind the re-rating. Wireless is AT&T’s most prominent business, contributing about 40 percent of revenue. AT&T is the third-largest U.S. wireless carrier, connecting 66 million postpaid…
AT&T, Verizon Agree to New Precautions to Address 5G Air Safety Concerns
WASHINGTON—AT&T and Verizon Communications on Wednesday agreed to adopt new precautionary measures to address air safety concerns raised from the planned use of C-Band spectrum for 5G wireless. The Federal Aviation Administration (FAA) and the aviation industry have raised concerns about potential interference caused by the 5G deployment with sensitive aircraft electronics like radio altimeters….
AT&T Responds to Attacks Over Texas ‘Heartbeat’ Abortion Law
AT&T over the weekend responded to criticisms from two progressive advocacy groups, which recently launched ads against the telecom giant for allegedly donating to Republican Texas lawmakers who backed the state’s new “heartbeat” abortion law. The two groups, Corporate Accountability Action and American Bridge 21st Century, ran television and digital ads in Texas highlighting AT&T’s…
US News
RSS Error: A feed could not be found at `https://www.theepochtimes.com/c-us/feed`; the status code is `200` and content-type is `text/html; charset=utf-8`