ChristopherCarrollSmith

AT&T CFO signals reiterates strong guidance

Panjang
NYSE:T   AT&T Inc.
As AT&T's stock dips on the ex-dividend date today, traders may want to take advantage of the buying opportunity. Communications services are likely to be a solid sector this year with the 5g revolution coming, and comments by AT&T's CFO indicate that the company has strong execution right now.

The CFO reiterated the company's EPS guidance of 3.60-3.70, above the Street view of 3.58. He also said that AT&T is buying back more shares than expected, and that it also has exceeded its target for cost-cutting this year.

AT&T is a great stock for both growth and income, with a P/E of about 11 and a dividend yield above 5%.

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