AT&T remains on track to meet financial targets and improve performance

  • AT&T expects $16.5 billion in free cash flow in 2023
  • Adjusted EPS forecasted at the higher end of the range
  • Deal with Ericsson to buy up to $14 billion of hardware and services
  • On track to achieve 2.5x net-debt to adjusted earnings goal by 2025
  • Expected growth in postpaid phone net adds and fiber net adds

AT&T is on track to achieve $16.5 billion in free cash flow in 2023, with expectations of improvement in 2024. The telecom giant also forecasts adjusted EPS at the higher end of the range and anticipates the impact of accelerated depreciation from its plans with Ericsson. AT&T recently struck a deal with Ericsson to purchase up to $14 billion of hardware and services. Additionally, AT&T is on track to achieve its goal of 2.5x net-debt to adjusted earnings by the first half of 2025. In terms of growth, AT&T expects an increase in postpaid phone net adds and fiber net adds for the fourth quarter.

Public Companies: AT&T (T), Ericsson (undefined)
Private Companies:
Key People: Pascal Desroches (Chief Financial Officer)

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Factuality Level: 8
Justification: The article provides specific information about AT&T’s financial targets and expectations, including free cash flow, adjusted EPS, and net-debt to adjusted earnings ratio. The information is attributed to AT&T’s Chief Financial Officer, Pascal Desroches, who spoke at an Oppenheimer conference. The article does not contain any irrelevant or misleading information, and there is no obvious bias or opinion masquerading as fact. However, it is important to note that the article does not provide any independent analysis or verification of AT&T’s claims, so there is a possibility of inaccuracies or incomplete information.

Noise Level: 7
Justification: The article provides information about AT&T’s financial targets and expectations, but it lacks in-depth analysis, evidence, or actionable insights. It mainly focuses on the company’s projections and deals without exploring the potential risks or challenges. The article also does not hold powerful people accountable or provide scientific rigor. Overall, it contains some relevant information but lacks depth and critical analysis.

Financial Relevance: Yes
Financial Markets Impacted: AT&T

Presence of Extreme Event: No
Nature of Extreme Event: No
Impact Rating of the Extreme Event: No
Justification: The article discusses AT&T’s financial targets and expectations, indicating its relevance to financial topics.

Reported publicly: www.marketwatch.com