AT&T gains as analysts highlight wireless strength
Seeking Alpha ·
AT&T ( T ) shares rose about 4% after the company’s second-quarter results, as investors focused on stronger wireless performance, better-than-expected earnings and an increase in the company’s share buyback target. Analysts largely viewed the quarter positively, highlighting strong postpaid phone growth, wireless service
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AT&T shares rose about 4% on strong Q2 results, driven by an increase in postpaid phone subscribers and strength in wireless services. In particular, the company's upward revision of its share buyback target strongly stimulated investor buying. Analysts viewed the earnings positively, praising the solid fundamentals of the wireless division.
상승 영향
- Telecommunications — Investment sentiment across the telecom sector improved as AT&T reported strong Q2 results, an increase in postpaid phone subscribers, and an upward revision to its share buyback target.
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