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AT&T INC.

(T)
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AT&T Expects to Record Gain of $2.8 Billion Related to Pension Obligations in 1Q

04/09/2021 | 07:39am EDT

By Dave Sebastian

AT&T Inc. said it expects to record a roughly $2.8 billion gain related to pension-benefit obligations after its recent resizing and restructuring.

The telecommunications company on Friday said it sees total distributions from the pension plan to exceed the threshold of service and interest costs for 2021. The $2.8 billion figure is a non-cash pre-tax actuarial gain, primarily due to an increase in the discount rate used to measure the obligation, AT&T said.

The company classifies actuarial gains and losses on pension and postretirement plan assets and obligations as "other income (expense)," it said.

For the first-quarter results, the company said it would recast its communication segment results to remove video and government solutions held-for-sale businesses, reporting those results in "Corporate and Other."

Write to Dave Sebastian at dave.sebastian@wsj.com

(END) Dow Jones Newswires

04-09-21 0738ET

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Financials (USD)
Sales 2021 173 B - -
Net income 2021 20 422 M - -
Net Debt 2021 161 B - -
P/E ratio 2021 11,4x
Yield 2021 6,43%
Capitalization 229 B 229 B -
EV / Sales 2021 2,26x
EV / Sales 2022 2,26x
Nbr of Employees 228 470
Free-Float 93,4%
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Technical analysis trends AT&T INC.
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TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
Sell
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Mean consensus HOLD
Number of Analysts 30
Average target price 31,40 $
Last Close Price 32,41 $
Spread / Highest target 32,7%
Spread / Average Target -3,12%
Spread / Lowest Target -50,6%
EPS Revisions
Managers and Directors
NameTitle
John T. Stankey President, CEO, COO & Director
Pascal Desroches Chief Financial Officer & Senior Executive VP
William E. Kennard Independent Chairman
David S. Huntley Chief Compliance Officer & Senior Executive VP
Matthew K. Rose Lead Independent Director
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