AT&T Inc
T: XNYS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| $39.00 | Dygsw | Htr |
AT&T Continues to Invest for Long-Term Growth as Debt Reduction Remains a Priority
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Business Strategy and Outlook
We believe AT&T's strategy to invest heavily in its fiber network and expand 5G wireless coverage will solidify its competitive position. Rational competition in the wireless and broadband markets should allow the firm to deliver modest growth and solid cash flow, but the need to repay debt will limit shareholder returns over the next couple of years.