Shares of AT&T (T) fell by about 1% on Wednesday after the stock's rating was downgraded to "hold" from "buy" at Deutsche Bank because of weaker margins and slower earnings growth, according to the firm's note. Deutsche also lowered its price target
This is the third downward estimate revision the firm has done on AT&T since October.
"If you think about three estimates revisions, three negative revisions in the last couple of months, if the merger is blocked get ready for massive layoffs
So True....well said
The actual people doing the work making the company rich,get bet over and surplused after decades of service to at&t
So, the T high command continues to make mistakes and show poor judgment, and the folks who do the actual work are punished for it in order to cut cost and help put a bandaid on the bad business decisions. And the best part is that Randy and Johnny and the rest of the suits will get a nice fat bonus as a result.
That's American capitalism for you. The top profit even when incompetent, while the bottom gets bent over to pay for it.
With the president elect raising taxes for companies outsourcing overseas and to Mexico will it stop AT&T? Wil the jobs stay within the US?
AT&T continues to try and sell regulators on the company's $100 billion acquisition of Time Warner, making all kinds of promises (few actually being true). Remember theBellsouth and DirecTV promises?powerful AT&T rich in history of anti-competitive behavior and outright fraud, would be in a perfect position to increase job offshoring, layoffs, hinder streaming competitors from licensing the content they need to compete. That's of course when AT&T isn't busy giving its own DirecTV Now service an unfair market advantage via zero rating and usage caps
We who do the work care about the reputation and the customers, for upper management and the board only one thing is important, the profit that makes it's way in to their pockets, financial quarter after financial quarter.
We see a disaster, they see success with short term eyes.
We should all get used to
T needs to FIRE Randall Stephenson before it's too late (.. actually, it may already be too late). Randall is doing serious damage to the brand. AT&T used to be one of the most respected brands, and now it's widely seen as a joke.
Will they get the Cash from Their Mexican deal, or the DirecTV subscriptions, wireless is a dead stick ?