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AT&T : Augments LTE Coverage to Benefit FirstNet Subscribers

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01/11/2019 | 10:32am EDT

In order to provide better wireless connectivity to its customers and FirstNet subscribers, AT&T Inc.T has augmented the LTE coverage for its network by adding more than 50,000 square miles across the country in 2018. The strategic move, which now enables the telco giant to cover additional 1 million individuals, underscores its network building efforts to enhance connectivity for users in urban and rural locations.

AT&T intends to ramp up the FirstNet deployment while focusing on 5G to retain its leading position in the wireless market. The company continues to introduce new sites and build LTE network to provide superior network speeds and capacity as the demand for data increases.

The company has also deployed Band 14 spectrum in more than 500 markets to expand its nationwide coverage and capacity while serving public safety agencies. By the end of 2019, AT&T expects its network capacity to increase 50% from the end of 2017 while laying the foundation for the future of connectivity.

Further, AT&T remains focused on managing its debt portfolio and is well on track to achieve its set target of 2.5x debt-to-EBITDA range by 2019. It is also revamping its lineup of video products, pricing and promotion initiatives. The company is well poised to benefit from the ongoing digital revolution while sustaining its healthy growth momentum in wireless business.

AT&T believes that as the 5G ecosystem evolves, customers can experience significant enhancements in coverage and speeds. The company has introduced mobile 5G networks in parts of 12 cities - Houston, Jacksonville, Louisville, New Orleans, San Antonio, Atlanta, Charlotte, Dallas, Indianapolis, Oklahoma City, Raleigh and Waco. It is planning to bring mobile 5G in certain areas of seven more cities - Las Vegas, Los Angeles, Nashville, Orlando, San Diego, San Francisco and San Jose - in the first half of 2019.

However, the company`s shares have lost 17.5% on an average compared with a decline of 2.3% for the industry in the past year. This can be largely attributed to competitive pressure coupled with steady decline in linear TV subscribers and legacy services, hurting the firm`s profitability.

Moreover, AT&T`s huge debt burden acts as a major impediment to bottom-line growth. It is to be seen whether such improved service offerings to tap opportunities in rural and urban markets across the country can help the company script a turnaround in 2019.

AT&T currently has a Zacks Rank #3 (Hold). Better-ranked stocks in the industry include Cogent Communications Holdings, Inc. CCOI , Sprint Corporation S and ATN International, Inc. ATNI . While Cogent sports a Zacks Rank #1 (Strong Buy), Sprint and ATN International carry a Zacks Rank #2 (Buy). You can see the complete list of today`s Zacks #1 Rank stocks here .

Cogent has a long-term earnings growth expectation of 8%.

Sprint has a long-term earnings growth expectation of 19.6%.

ATN International surpassed earnings estimates in three of the trailing four quarters, the average positive surprise being 138.1%.

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(c) All KUNA right are reserved 2019. Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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Financials ($)
Sales 2019 184 B
EBIT 2019 37 239 M
Net income 2019 19 721 M
Debt 2019 158 B
Yield 2019 6,67%
P/E ratio 2019 12,11
P/E ratio 2020 11,24
EV / Sales 2019 2,07x
EV / Sales 2020 2,01x
Capitalization 223 B
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Technical analysis trends AT&T
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus OUTPERFORM
Number of Analysts 29
Average target price 33,8 $
Spread / Average Target 10%
EPS Revisions
Randall L. Stephenson Chairman, President & Chief Executive Officer
John J. Stephens CFO, Principal Accounting Officer & Senior EVP
Joyce M. Roché Independent Director
Laura D'Andrea Tyson Independent Director
Matthew K. Rose Lead Independent Director
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