AT&T Inc
T: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$37.00 | Nzjhkp | Jddp |
AT&T Earnings: Wireless Customer Gains and Margin Expansion Continue to Drive Cash Flow
AT&T’s wireless network outage earlier this year and the data breach during the second quarter had no discernible impact on wireless customer growth. Profitability also continued to improve across most of the business, and free cash flow generation was solid. We are maintaining our $23 fair value estimate, and we believe the shares are undervalued.