AT&T plans to plow $20 billion into buybacks in signal of business turnaround
Portfolio Pulse from
AT&T is planning to invest $20 billion in share buybacks, signaling a business turnaround. This move comes after recent deleveraging and is accompanied by a commitment to continue dividends over the next three years.
December 03, 2024 | 12:15 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
AT&T plans a $20 billion share buyback, indicating a positive business outlook. This follows recent deleveraging and a commitment to maintain dividends.
The announcement of a $20 billion share buyback suggests AT&T is confident in its financial health and future prospects. This is likely to positively impact the stock price as buybacks reduce the number of shares outstanding, potentially increasing earnings per share. The commitment to dividends further reassures investors of the company's stability.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100