AT&T: An Unusual Cut To Guidance

Summary

  • AT&T delivered good Q2-2022 results.
  • The company maintained guidance across several metrics but cut its free cash flow outlook. That is unusual.
  • We examine if the bull thesis remains intact.
  • Looking for option income ideas that focus on capital preservation? I offer this and much more at my exclusive investing ideas service, Conservative Income Portfolio. Learn More »

AT&T

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We tempered our bullishness on AT&T Inc. (NYSE:T) the last time we wrote on it. Despite being raging inflation bulls, we were astounded by the extent and impact of it on the earnings of all companies

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Analyst’s Disclosure:I/we have a beneficial long position in the shares of T either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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