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MarketScreener Homepage  >  Equities  >  Nyse  >  AT&T    T

AT&T (T)
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Delayed Quote. Delayed  - 09/24 10:00:43 pm
33.91 USD   +0.38%
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AT&T : Executive Says Timing of Time Warner Deal 'Now Uncertain'

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11/08/2017 | 03:17pm CEST
By Drew FitzGerald 

A top AT&T Inc. executive warned for the first time that the company is unsure about the timing of its planned takeover of Time Warner Inc., as the combination of the telecom and media giants faces extended antitrust review.

John Stephens, AT&T's chief financial officer, said Wednesday at an investor conference that the timing of the transaction was "now uncertain." Just a few weeks ago, he told investors the company still expected the transaction to close later this year. Mr. Stephens didn't say anything Wednesday to suggest the deal won't be approved but pulled back from that earlier guidance.

AT&T agreed last year to buy Time Warner, the owner of HBO, CNN and Warner Bros. studios, in a cash-and-stock deal worth $85 billion. The Wall Street Journal last week reported the Justice Department was laying the groundwork for a possible lawsuit to stop the deal while at the same time negotiating with company executives.

Shares of Time Warner fell 2% in Wednesday premarket trading, while AT&T shares rose slightly. AT&T shares have fallen sharply in recent weeks and Time Warner shares are trading at a wide discount to the implied offer price, as investors worry about the deal.

Write to Drew FitzGerald at andrew.fitzgerald@wsj.com

Stocks mentioned in the article
ChangeLast1st jan.
AT&T 0.38% 33.91 Delayed Quote.-13.12%
TIME WARNER 0.00%-End-of-day quote.7.98%
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Financials ($)
Sales 2018 173 B
EBIT 2018 31 754 M
Net income 2018 20 197 M
Debt 2018 170 B
Yield 2018 5,90%
P/E ratio 2018 11,76
P/E ratio 2019 11,76
EV / Sales 2018 2,41x
EV / Sales 2019 2,19x
Capitalization 246 B
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Technical analysis trends AT&T
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TrendsBullishNeutralBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 29
Average target price 35,3 $
Spread / Average Target 4,2%
EPS Revisions
Managers
NameTitle
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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