AT&T CEO on Fed rate cuts: They will make our stock look more attractive

Published On Sep 11, 2024, 12:34 PM

AT&T's CEO, John Stankey, believes that potential Federal Reserve interest rate cuts could enhance the attractiveness of AT&T's stock, especially due to its relatively high dividend yield of over 5%. He highlighted that the company continues to show strong performance metrics, such as net additions in postpaid phone customers and consistent growth in mobility services. Despite a slight decline in revenue, AT&T is focusing on repaying its significant debt of $130.6 billion, which could lead to a better capital return strategy in the future.

Read full article

Stock Forecasts

TView T chart on TradingView

Positive

With interest rates potentially declining, income-seeking investors may find AT&T's dividend yield appealing, likely resulting in increased buying activity for its stock. The company's consistent performance metrics also support a positive outlook.

Related News

Does Chinese investment benefit or damage Ireland?

Sep 29, 2024, 7:19 PM

Ireland is home to 40 Chinese firms, which some critics say harms the country's reputation.

T

AT&T CEO on Fed rate cuts: They will make our stock look more attractive

Sep 11, 2024, 12:34 PM

AT&T CEO John Stankey shares his thoughts on the economy as the year nears a close.

T

Disney 'playing hardball' with DirecTV as MNF looms

Sep 9, 2024, 4:44 PM

A contract dispute between Disney and DirecTV continued into its second week on Monday as subscribers remain without access to ESPN, ABC, and other Disney-owned channels.

DIS
T