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MarketScreener Homepage  >  Equities  >  Nyse  >  AT&T Inc.    T

AT&T INC.

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AT&T : TitleAT&T INC. ANNOUNCES SETTLEMENT OF EURO AND USD BOND ISSUANCES AND EARLY REPAYMENT OF DEBT

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05/28/2020 | 04:56pm EDT

Company maintains commitment to high-quality debt metrics

AT&T Inc. (NYSE: T) continues to actively de-risk its capital structure, extending debt maturities at historically low coupons.

On May 27, 2020, AT&T closed its sale of €3 billion combined principal amount of its Global Notes due 2028, 2032 and 2038. Additionally, the company announced today the settlement of $12.5 billion combined principal amount of its Global Notes due 2027, 2031, 2041, 2051 and 2060. The total of these issuances is approximately $15.8 billion U.S. Dollar equivalent.

Proceeds from the issuances will primarily be used for the prepayment of upcoming debt maturities. AT&T has issued notices for the redemption in full of all the outstanding principal amount of six series of bonds totaling approximately $8.6 billion and term loans totaling $6.3 billion. The total principal of these prepayments is approximately $14.9 billion.

This series of transactions is consistent with AT&T's plans to continue improving its credit quality even as it remains committed to paying a dividend to its shareholders and investing in its growth areas - HBO Max, 5G and fiber. For full-year 2020, AT&T expects its dividend payout of free cash flow ratio will be in the 60% range and is targeting the low end of that range. This gives the company the flexibility to continue to reduce debt levels during 2020.

Disclaimer

AT&T Inc. published this content on 28 May 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 May 2020 20:55:06 UTC

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Financials (USD)
Sales 2020 171 B - -
Net income 2020 16 799 M - -
Net Debt 2020 147 B - -
P/E ratio 2020 13,4x
Yield 2020 6,90%
Capitalization 214 B 214 B -
EV / Sales 2019
EV / Sales 2020 2,12x
Nbr of Employees 244 000
Free-Float 93,4%
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Technical analysis trends AT&T INC.
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TrendsBearishNeutralBearish
Income Statement Evolution
Consensus
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Mean consensus HOLD
Number of Analysts 33
Average target price 34,32 $
Last Close Price 30,08 $
Spread / Highest target 56,3%
Spread / Average Target 14,1%
Spread / Lowest Target -43,5%
EPS Revisions
Managers
NameTitle
John T. Stankey President, CEO, COO & Director
Randall L. Stephenson Executive Chairman
John J. Stephens Chief Financial Officer & Senior Executive VP
Matthew K. Rose Lead Independent Director
Scott T. Ford Independent Director
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