AT&T Makes Strong Start To The Year: Analysts Dial Into Q1 Results
AT&T Makes Strong Start To The Year: Analysts Dial Into Q1 Results
AT&T Inc (NYSE:T) reported an earnings beat for the first quarter, while its revenues remained flat.
AT＆T Inc（紐約證券交易所代碼：T）報告了第一季度的收益超過預期，而其收入保持不變。
The results came amid an exciting earnings season. Here are some key analyst takeaways from the release.
業績是在激動人心的業績季中公佈的。以下是該新聞稿中分析師的一些主要收穫。
Scotiabank On AT&T
豐業銀行在 AT&T
Analyst Maher Yaghi reiterated a Sector Outperform rating while raising the price target from $22 to $22.50.
分析師馬希爾·亞吉重申了行業跑贏大盤的評級，同時將目標股價從22美元上調至22.50美元。
AT&T's wireless performance is "off to a strong start," with 350K phone net additions during the quarter, "despite continued industry normalization in the U.S. wireless market," Yaghi said in a note.
亞吉在一份報告中說，“儘管美國無線市場的行業持續正常化”，但AT＆T的無線業績 “有了一個良好的開端”，本季度淨增加了35萬部電話。
"While pressures in the Business segment remain, growth in Consumer and Wireless are providing enough torque to produce significant FCFs to reduce leverage," the analyst stated. He added that the company recorded $3.1 billion in free cash flows during the quarter, materially higher than the Street expectation of $2.4 billion.
該分析師表示：“儘管業務領域的壓力仍然存在，但消費品和無線業務的增長提供了足夠的扭矩，足以產生大量的FCF，從而降低槓桿率。”他補充說，該公司在本季度記錄了31億美元的自由現金流，大大高於華爾街預期的24億美元。
Check out other analyst stock ratings.
查看其他分析師股票評級。
BofA Securities On AT&T
美國銀行證券在 AT&T
Analyst David Barden maintained a Buy rating and price target of $20.
分析師戴維·巴登維持買入評級和20美元的目標股價。
"AT&T once again meaningfully beat expectations on post-paid phone subscriber net adds, contributing to mounting evidence the wireless market is operating within a healthy competitive dynamic," Barden wrote in a note.
巴登在一份報告中寫道：“AT＆T在後付費電話用戶網絡上再次明顯超出了預期，這爲越來越多的證據表明無線市場在健康的競爭態勢下運作。”
"The team continues to prioritize customer retention while investing in the 'right' customers to achieve a diverse and value-accretive customer base," the analyst stated.
該分析師表示：“該團隊繼續優先考慮客戶留存率，同時投資於'合適的'客戶，以實現多元化和增值的客戶群。”
He added that the company is likely to generate ARPU (average revenue per user) growth of around 1.0% sequentially in the second quarter, "as the vast majority of outage-related, one-time billing credits were charged in 1Q."
他補充說，該公司的ARPU（每位用戶的平均收入）可能會在第二季度連續增長約1.0％，“因爲絕大多數與停機有關的一次性賬單抵免額是在第一季度收取的。”
Oppenheimer On AT&T
奧本海默在 AT&T
Analyst Timothy Horan reaffirmed an Outperform rating and price target of $21.
分析師蒂莫西·霍蘭重申了跑贏大盤的評級和21美元的目標股價。
AT&T's results were broadly in-line with expectations, with subscriber growth and free cash flows coming in better than expectations, Horan said. "Its wireless network is better than ever, underscored by a strong performance in Mobility with 7% EBITDA growth and 9bps Y/Y improvement in churn," he added.
霍蘭說，AT＆T的業績基本符合預期，用戶增長和自由現金流好於預期。他補充說：“其無線網絡比以往任何時候都更好，移動領域的強勁表現，息稅折舊攤銷前利潤增長了7％，流失率同比增長了9個點子。”
The company is likely to have the capacity to reduce debt by around $16 billion over the next two years, which is when it can begin repurchasing shares, the analyst stated.
分析師表示，該公司可能有能力在未來兩年內減少約160億美元的債務，屆時它可以開始回購股票。
T Price Action: Shares of AT&T had declined by 1.40% to $16.58 at the time of publication on Thursday.
T價格走勢：截至週四發佈時，AT＆T的股價下跌了1.40％，至16.58美元。
Photo: Shutterstock
照片：Shutterstock
譯文內容由第三人軟體翻譯。