Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Nyse  >  AT&T Inc.    T

AT&T INC.

(T)
  Report
Delayed Quote. Delayed Nyse - 12/01 04:10:00 pm
28.87 USD   +0.42%
12/01AT&T : FirstNet® Supports the Wildland Firefighter Foundation
PU
12/01AT&T : Reasons to Switch to AT&T
PU
12/01AT&T : TitleAT&T to Webcast Talk at UBS Global TMT Conference
PU
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector newsAnalyst Recommendations

AT&T : Pandemic hurts AT&T in 3rd quarter; wireless unit stable

10/22/2020 | 11:40am EST

NEW YORK — The pandemic continued to hit AT&T through the third quarter as closed theatres, wary U.S. moviegoers and the Hollywood shutdown hurt its WarnerMedia movie and TV business.

The Dallas company’s largest division, wireless, was stable. It added 131,000 prepaid phone customers and 645,000 postpaid phone customers, those who pay a regular monthly bill. Analysts on Thursday saw the key postpaid phone figure was a strong result.

But customers continued to drop their DirecTV service as TV watching shifts online. AT&T is reportedly interested in selling the division it bought for $49 billion in 2015, because it's been bleeding customers for years. It lost 590,000 “premium” video customers, which includes DirecTV, in the latest quarter, and also dropped 37,000 customers of its streaming service, AT&T TV Now.

WarnerMedia had lower TV licensing and production revenues because of the halt in production of TV shows and movies, and the movie business suffered from closed theatres and delays of new movies. Its revenue fell 10%, to $7.51 billion. The new HBO Max streaming service had 8.6 million activations. There are 28.7 million customers who could use HBO Max — those who get HBO from their cable company can switch to the newer HBO Max service — but the big gap between the two numbers suggest that many remain unaware or uninterested.

Overall net income fell 24% to $2.82 billion, or 39 cents per share. Adjusted earnings were 76 cents per share, a penny shy of Wall Street expectations, according to Zacks Investment Research.

Revenue fell 5% to $42.34 billion, topping Wall Street projections for $41.56 billion. The pandemic cost AT&T about $2.5 billion in revenue.

AT&T shares rose $1.73, or 6.5%, to $28.44 Thursday, which Goldman Sachs analyst Brett Feldman attributed to improved subscriber trends. Shares are down around 30% this year.

© 2020 The Canadian Press. All rights reserved., source Canadian Press DataFile

All news about AT&T INC.
12/01AT&T : FirstNet® Supports the Wildland Firefighter Foundation
PU
12/01AT&T : Reasons to Switch to AT&T
PU
12/01AT&T : TitleAT&T to Webcast Talk at UBS Global TMT Conference
PU
11/30AT&T : FirstNet Cell Sites Launching Nationwide to Support Public Safety
PU
11/30AT&T : West Virginia's FirstNet Network Expands, Boosts Capabilities
PU
11/30AT&T : Ohio's FirstNet Network Expands, Boosts Capabilities
PU
11/30AT&T : Indiana's FirstNet Network Expands, Boosts Capabilities
PU
11/29AT&T : Remote Workers Lead to Increased Cybersecurity Risks
PU
11/24TRICOAST THANKSGIVING MOVIES : It's Turkey Time
AQ
11/20AT&T : Senior Executive Vice President and CFO John Stephens Updates Shareholder..
BU
More news
Financials (USD)
Sales 2020 171 B - -
Net income 2020 12 456 M - -
Net Debt 2020 145 B - -
P/E ratio 2020 16,5x
Yield 2020 7,23%
Capitalization 206 B 206 B -
EV / Sales 2020 2,06x
EV / Sales 2021 2,01x
Nbr of Employees 235 000
Free-Float 93,4%
Chart AT&T INC.
Duration : Period :
AT&T Inc. Technical Analysis Chart | T | US00206R1023 | MarketScreener
Technical analysis trends AT&T INC.
Short TermMid-TermLong Term
TrendsBullishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 31
Average target price 31,93 $
Last Close Price 28,87 $
Spread / Highest target 31,6%
Spread / Average Target 10,6%
Spread / Lowest Target -41,1%
EPS Revisions
Managers
NameTitle
John T. Stankey President, CEO, COO & Director
Randall L. Stephenson Executive Chairman
John J. Stephens Chief Financial Officer & Senior Executive VP
Matthew K. Rose Lead Independent Director
Scott T. Ford Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
AT&T INC.-26.13%205 700
T-MOBILE US70.53%165 984
SOFTBANK GROUP CORP.52.90%130 056
CHINA MOBILE LIMITED-29.16%122 293
NTT DOCOMO, INC.27.49%119 876
KDDI CORPORATION-8.32%66 093