Tag: AT&T debt

Broader markets tumbled yesterday, with the S&P 500 and Dow Jones Industrial Average falling 0.3% and 0.5%, respectively. However, AT&T stock gained 0.8%.

AT&T (T) is set to report its third-quarter results on October 28. Analysts expect its EPS to rise year-over-year to $0.93 from $0.90.

On October 10, Senator Elizabeth Warren urged AT&T (T) to reject activist investor Elliott Management’s plan to restructure its business.

AT&T stock jumped today on the news that the wireless carrier plans to sell its Puerto Rico and US Virgin Islands operations to Liberty Latin America.

AT&T declared a quarterly dividend of $0.51 per share on September 26. The dividend will be paid on November 1 to shareholders of record as of October 10.

This week, AT&T CEO Randall Stephenson noted that AT&T (T) is on track to reduce its leverage multiple to about 2.5x by the end of this year.

AT&T’s Q2 operating cash flow rose 39.6% YoY to $14.3 billion. AT&T expects its free cash flow to grow 25.3% YoY to $28 billion in 2019.

AT&T (T) stock rose 9% in pre-market trading after Elliott Management disclosed stake in the company worth $3.2 billion today.