Report
Petra Vacval
EUR 100.00 For Business Accounts Only

AT&T pursues acquisitions in a world where capacity, networks, and entertainment are converging.

AT&T performed poorly in the first quarter of 2017, as total revenue declined by about 3% year over year. Both U.S. wireless business and consumer fixed line saw noticeable customer attrition, and DirecTV NOW failed to gain traction, as we had expected previously. Company-wide EBITDA margin declined to 33% from 34% a year ago, as the firm cut back on costs of services to offset the pressure on margin. We still think AT&T warrants a narrow moat rating, as the firm’s scale-based cost advan...
Underlying
AT&T Inc.

AT&T is a holding company. Through its subsidiaries, the company is a provider of telecommunications, media and technology services. The company's Communications segment provides wireless and wireline telecom, video and broadband services. The company's WarnerMedia segment includes media and entertainment businesses that principally develop, produce and distribute feature films, television content, and other content globally; and operate digital media properties. The company's Latin America segment provides entertainment services in Latin America and wireless services in Mexico. The company's XANDR segment relies on using data from its customer relationships, to develop digital and video advertising that is relevant to consumers.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Petra Vacval

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