Is AT&T Becoming A Growth Stock? (NYSE:T)

Summary

AT&T's 3-5 year plan continues its focus on 5G wireless and fiber broadband, generating 5-10% EPS growth and $1 billion/year free cash flow increases.
The company aims to double fiber customers, switch to open wireless architecture, and phase out its costly copper network by 2029.
AT&T plans $20 billion in share buybacks once it hits its debt target, but dividend growth is not a priority.
AT&T's strategic shifts and operational improvements should allow it to catch up to T-Mobile's growth rate once legacy network headwinds have passed.

Arlington"s AT&T Stadium — Art Wager/iStock Unreleased via Getty Images

Ambitious 3-5 Year Plan

Although there are seven weeks left until AT&T (NYSE:T) releases 4Q 2024 results, the company rolled out financial plans for the next three years and strategic plans going out to 2029. This was done

Gary Gambino

I retired early after 22 years in the energy industry with roles in engineering, planning, and financial analysis. I have managed my own portfolio since 1998 and have met my goal to match the S+P 500 return over the long term with lower volatility and higher income. I mostly write on positions I already hold or am considering changing. I prefer to hold positions for the long-term unless there is a compelling reason to sell. I look for investment opportunities without regard to asset class, market cap, sector, or yield. I would rather maximize total return over time by buying when price is low relative to intrinsic value.

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.

Recommended For You

About T Stock

Symbol	Last Price	% Chg

Compare to Peers

More on T

Related Stocks

Symbol	Last Price	% Chg
T T	-	-

Compare