AT&T Inc

T: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$61.00	Ttjhjf	Njqlj

AT&T Continues to Make Slow and Steady Progress

Michael Hodel

Apr 24, 2024

Business Strategy and Outlook

We believe AT&T's strategy to invest heavily in its fiber network and expand 5G wireless coverage will solidify its competitive position. Rational competition in the wireless and broadband markets should allow the firm to deliver modest growth and solid cash flow, but the need to repay debt will limit shareholder returns over the next couple of years.

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