Investors heard from Verizon (VZ) – Get Free Report yesterday, and earlier than the open right this moment they heard from AT&T (T) – Get Free Report, The telecom large reported fourth-quarter earnings, delivering better-than-expected outcomes.
The inventory was up greater than 5% eventually verify as buyers cheered AT&T’s earnings beat. Further, the corporate was agency on paying down debt after assembly its dividend obligations.
As reported earlier by TheRoad’s Martin Baccardax: “Key to its dividend pledge, however, is its forecast for free cash flows in the region of $16 billion, a $2 billion improvement from 2022 levels.”
That seemingly gave buyers some reassurance with the inventory, which has posted a pointy rebound from a important help zone just some months in the past.
Even after the rebound, the dividend yields 5.5%. Are the dividend and low valuation — the shares commerce at about 7.5 instances earnings — sufficient to draw extra consumers?
Let’s see if the charts can assist in that call.
Trading…
2023-01-25 12:25:00 Here’s When to Buy AT&T Stock After This autumn Earnings Beat
Article from www.thestreet.com