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T-AT&T INC
AT&T Positioned for Growth and Stability with Strategic Divestments and Increased Shareholder Returns
Thursday
05 December, 2024
AT&T is redefining its future with a strategic focus on 5G and fiber connectivity, following the sale of its DIRECTV stake. As the company projects significant earnings growth and plans to return over $40 billion to shareholders, can this blue-chip stock maintain its upward trajectory amidst industry challenges?
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Key Takeaways
- AT&T is focusing on improving its wireless 5G and fiber services after divesting from DIRECTV.
- The company reported Q3 2024 revenues of $30.21 billion and a notable net income increase.
- Projected earnings per share growth is expected to reach between $1.97 and $2.07 by 2025.
- A $20 billion share buyback and $8 billion debt reduction reflect effective financial strategies.
- Significant investments in infrastructure aim to reach over 300 million people by 2026.
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