AT&T Reports Strong Revenue and Adjusted Earnings Growth with Solid Margin Expansion in First-Quarter Results Highlights Consolidated revenues of $40.5 billion, up 24% versus the year-earlier period primarily due to DIRECTV acquisition Diluted EPS of $0.61 as reported; $0.72 diluted adjusted EPS, a 10.8% increase Cash from operations of $7.9 billion; free cash flow of $3.2 billion, up 17% year over year Adjusted margins expand in every domestic segment 2.3 million North American wireless net adds driven by connected devices, Mexico and Cricket; 712,000 branded (postpaid and prepaid) phone net adds Total churn of 1.42% in U.S., stable year over year; postpaid churn of 1.10% Business Solutions revenues up 0.3% year over year; wireless revenues up 2.3% Strategic business services revenues of $2.8 billion, up nearly $250 million 328,000 U.S. DIRECTV net adds; total video subscribers decline slightly Entertainment Group broadband grew with 186,000 IP broadband net adds Note: AT&T’s first-quarter earnings conference call will be webcast at 4:30 p.m. ET on Tuesday, April 26, 2016. The webcast and related materials will be available on AT&T’s Investor Relations website at www.att.com/investor.relations. http://finance.yahoo.com/news/t-reports-strong-revenue-adjusted-200100411.html
T down in AH as I am listening to the conference call as I type. I made my 2nd tier buy at 37.40 the LOD
My AH buy @17.40 looks pretty good right now. As we all know the market has been tough on companies with good earnings but T fared better than some of the other big names today. Watching L2 until AH closed I haven't seen such manipulation since I played the pennies many years ago. EDGX and PSE were calling the show with the spreads as wide as 11 cents at times with disregard for the ask being hit numerous times. With a little market and a good PR, T could even be up tomorrow but pre-market would be a better determination. 1,531,951 shares traded
Reported after closer today (4/26/16) Earnings: EPS $0.72 Revenue $40.5B Estimates: EPS $0.69 Revenue $40.46B
I now know what IoT is and that T is pursuing it. T gained strength today even when the market was down went back to familiar territory. I was ok with my 1st tier buy after the pop and my 2nd buy @17.40 put frosting on the cake AT&T executive says Internet of Things is a top priority HANOVER, Germany (Reuters) - U.S. telecoms provider AT&T is betting it can carve out a significant business in connecting objects with one another, the head of that unit told Reuters in an interview, as it seeks new revenue sources in an oversaturated wireless market. The so-called Internet of Things (IoT) is a fast-growing area where industrial and consumer firms and software providers are teaming up to offer smarter ways of doing things such as predicting mechanical problems before they arise, controlling machines at home remotely or integrating municipal services. AT&T already has a strong position in the automotive industry, where it has 10 major carmakers using a platform it has developed to deliver services such as roadside assistance, weather reports or Internet radio to cars on the road. "We're just at the beginning," Chris Penrose, senior vice president of AT&T's IoT organisation, told Reuters in an interview at the Hannover Messe industry trade fair, adding that more automotive partners were "in the works". More https://www.yahoo.com/tech/t-executive-says-internet-things-top-priority-182829353--sector.html
The following, I did not write but from an article on thestreet I pieced together. After reviewing the fundamentals and divi's it is among my long positions One of Warren Buffett's favorite dividend plays is $238 billion telco AT&T (T - Get Report) . Berkshire reported 46.58 million shares of AT&T in its most recent filing, a $1.6 billion position at current price levels. AT&T has been an attractive stock to own in 2016. As the Fed kicked the can on interest rate hikes, income-seekers have bid shares 12.7% higher year-to-date. And the technical picture points to potentially higher ground ahead. Long-term, the uptrend in AT&T is still very much intact here. Even though this stock has been hanging out in the upper half of its wide-ranging trend channel, the bottom line is that AT&T's uptrend remains intact. For investors who are super risk-averse, it makes sense to wait for a more substantive dip before pulling the trigger on AT&T. Otherwise, this stock looks buyable here as shares sit within grabbing distance of new highs. Nearest Resistance: $40 Nearest Support: $36 Dividend Yield: 4.95%
I guess trading channels and support are all in the eye of the beholder, but personally I'd tighten that channel and consider support at 37.90 and according to a fib retrace that 36 dollar level would be a 62% retracement of the current trend. I agree that it is still a good buy at the current level but if waiting for a pullback I'll be surprised if it hits the 50% retracement level at 36.59. But of course it could happen one never knows. It is interesting though that it did not react much to the January/February pullback.
Investors may be fleeing to some satiety with T and it's high yield as T heads back near the upper BB, 1 cent off the HOD.
As a Vet myself this makes me proud to be a share holder of T AT&T to hire 10,000 more veterans by 2020 http://www.bizjournals.com/dallas/n...e-10-000-more-veterans-by-2020.html?ana=yahoo
Nice trend for T as it trades near the upper BB currently @39.22 AT&T Awarded Contract Worth Up To $74.6 Million to Support U.S. Defense http://finance.yahoo.com/news/t-awarded-contract-worth-74-133000963.html
AT&T (T) Stock Rated 'Buy' At Drexel NEW YORK (TheStreet) -- Shares of AT&T (T - Get Report) are up by 0.42% to $39.35 on Thursday morning, as Drexel Hamilton rated the stock a "buy" with a $44 price target. http://www.thestreet.com/story/1356...ted-buy-at-drexel.html?puc=yahoo&cm_ven=YAHOO
T is looking pretty strong right now. I'd sure like to see it break above 39.80 and then 40. In the meantime, it has a pretty nice support level at 37.80 and a long term support level at 36.10. It would take a pretty strong pullback to reach that long term support level. I like it.
AT&T (T) is poised to make its own run for Yahoo’s (YHOO) Internet business, potentially thwarting telecom rival Verizon Communications (VZ), which has been viewed as the front-runner. Bloomberg reported Wednesday that AT&T “remains a contender” to acquire Yahoo’s Internet business. AT&T is mulling its own play for the Web portal after YP Holdings decided to back off, Bloomberg reported. More: http://www.investors.com/news/techn...ion-battle/?ven=YahooCP&src=AURLLED&ven=yahoo
