T / Call of the Day: SVB MoffettNathanson upgrades AT&T to Market Perform

AT&T is coming off a strong Q3 performance. The company raised its guidance for free cash flow up to $16.5 billion for the year, which is more than do more_horizontal

It's never too late for a comeback. Some stocks have languished and underperformed for years only to bounce back on evidence that business is back on more_horizontal

The three wireless carriers are all growing free cash flow faster than expected. Verizon and AT&T have heavier debt loads than T-Mobile, and those deb more_horizontal

AT&T has become a leaner and more focused company after cutting its media arm and reducing its debt. The company also reported a solid Q3 which proves more_horizontal

For now, it appears that the bullish support at T's critical levels of $13s/ $14s remains robust since October 2022, with shareholders cheering its ra more_horizontal

AT&T and Verizon both soared on their recent earnings reports. The two companies have similar valuations and debt profiles. more_horizontal

Between the end of 2012 and 2022, Verizon (NYSE: VZ) stock saw its share price decline by 9%. more_horizontal

AT&T reported better-than-expected Q3 earnings last week, with strong growth in broadband revenues. The broadband business is performing well, with st more_horizontal