Is AT&T Becoming A Growth Stock?
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AT&T is focusing on 5G and fiber broadband to achieve 5-10% EPS growth and $1 billion/year free cash flow increases over the next 3-5 years. The company plans to double fiber customers, adopt open wireless architecture, and phase out its copper network by 2029. A $20 billion share buyback is planned once debt targets are met, but dividend growth is not prioritized.
December 04, 2024 | 10:45 pm
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AT&T is focusing on 5G and fiber broadband to drive growth, with plans for significant share buybacks once debt targets are met. Dividend growth is not a priority.
AT&T's strategic focus on 5G and fiber broadband is expected to drive EPS growth and free cash flow, which is positive for stock prices. The planned $20 billion share buyback could further boost stock value. However, the lack of focus on dividend growth may not appeal to income-focused investors.
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