AT&T

Methodology

AT&T's wireless and fiber operations generate more predictable earnings after shedding WarnerMedia, though competitive intensity and capital requirements create challenges. Post-media separation provides clearer telecommunications focus. Evaluate normalized profitability from wireless service revenue and fiber subscriber growth rather than legacy media-distorted results.

Methodology

AT&T typically trades at low PEG ratios reflecting mature wireless market saturation and fiber buildout capital intensity. The metric should focus on subscriber trends and ARPU stability in competitive markets. Compare to Verizon and T-Mobile while considering AT&T's fiber strategy and deleveraging progress post-media separation.

Methodology

AT&T offers a substantial dividend after being cut due to WarnerMedia spin, with the yield still meaningful for income investors. Dividend sustainability depends on free cash flow generation and debt reduction progress. For mature telecom operators, dividend coverage and fiber investment returns matter as much as growth metrics.