Forecast Of The Day: AT&T’s Mobility Revenues
What?
AT&T’s (NYSE:T) Mobility Revenues rose from around $71 billion in 2019 to $78 billion in 2021. Trefis expects the metric to grow to over $82 billion by 2023.
Why?
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Growth is being driven by AT&T’s postpaid wireless business, which is benefiting from its 5G deployment. Higher equipment sales have also helped revenues.
So What?
We don’t think the projected growth in AT&T’s core wireless business is priced into its stock. We value T stock at $28 per share, about 40% ahead of the current market price.
See Our Complete Analysis For AT&T
What if you’re looking for a more balanced portfolio instead? Our high-quality portfolio and multi-strategy portfolio have beaten the market consistently since the end of 2016.
| Returns | May 2022 MTD [1] |
2022 YTD [1] |
2017-22 Total [2] |
| T Return | 10% | -16% | -51% |
| S&P 500 Return | -4% | -17% | 78% |
| Trefis Multi-Strategy Portfolio | -5% | -21% | 210% |
[1] Month-to-date and year-to-date as of 5/24/2022
[2] Cumulative total returns since the end of 2016
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