https://www.google.com/amp/s/deadline.com/2018/08/att-is-hit-by-analyst-downgrade-citing-warnermedia-balls-to-juggle-1202450389/amp/
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And you have faith in Randy? Sooo Funny
i have no faith in a wells' fargo report . who has no credibility with all their shady practices.
this ceo has no other way out, but to keep spending, racking up huge debt...he doesn't know what he's doing. he's trying to follow the old whitacre plan of m&a, but times have changed. he cant just buy old att parts anymore...he's way over his head and the reason the valuation of att is sitting at ~$30/share
Randy is getting ready to"cry out, BAILOUT!, weeping and shedding tears to express the feeling of failure settled into his bleak thoughts.
"Most-indebted nonfinancial U.S. company". That says it all. The company won't stop spending money and it's not making money. That's why we're in this mess.
Analyst Jennifer Fritzsche downgraded AT&T’s shares to Market Perform from Outperform on Wednesday, in part because its status as the most-indebted nonfinancial U.S. company could force it to play nice with bondholders at shareholders’ expense.
She also expressed concern about the profitability of its entertainment group, which includes DirecTV, and a slowdown in growth in the part of its business that provides companies with advanced communications services. Shares were down 1.4% at $32.93 at 1:08 p.m..
AT&T certainly has a lot of debt to pay off—more than $180 billion, some $82 billion of which is a result of its pending acquisition of Time Warner. That means it needs to pay down or refinance $9 billion to $12 billion every year from 2019 to 2024.
Fritzsche and Wells Fargo’s credit analysts believe that means the company must deliver on its previously stated goal to cut leverage to 2.5 times earnings before interest, taxes, depreciation, and amortization (Ebitda) by the end of 2019. Wells Fargo estimates that will require about $30 billion of debt reduction.
Randy has no Balls left!, LOL he is using everyone else's