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Top related persons:
Michael Hodel - 2 apprehensions - 1 Kathy Hochul - 1 John Stankey - 1 Cowen - 1 Pascal Desroches - 1 Morningstar - 1 Samrhitha - 1
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Search resuls for: "Michael Hodel"


3 mentions found


☆ AT&T investors to focus on risk from lead cables, cash flow
  + stars: | 2023-07-24 | by ( Samrhitha A David Shepardson | Samrhitha A | David Shepardson | ) www.reuters.com   time to read: +3 min
The $100-billion company last week said lead-clad cables made up only a "small part of its network" as it sought to allay investor apprehensions. Meanwhile, New York Governor Kathy Hochul has ordered an investigation into the health risks associated with old lead-clad cables. The costs for cleaning up the lead-clad cables could "range from near-zero to tens-of-billions of dollars in liability," analysts at TD Cowen said in a July 16 note. Free cash flow is expected to be between $3.5 billion and $4 billion in the second quarter, after falling short of estimates by more than $1.5 billion in the first. Cash flow is key as it helps investors determine payouts as AT&T is one of the highest dividend paying U.S. stocks.
Persons: apprehensions, Kathy Hochul, John Stankey, Cowen, Pascal Desroches, Morningstar, Michael Hodel, Samrhitha, David Shepardson, Sriraj Organizations: Journal, Verizon, , New, Reuters, AT, Revenue, Thomson Locations: United States, ,, , New York, Refinitiv, Bengaluru, Washington
☆ AT&T shares hit three-decade low as lead cables risk weighs
  + stars: | 2023-07-17 | by ( Chibuike Oguh | Thomson Reuters | Chibuike Reports On Mostly Large U.S.-Based Private Equity Firms | ) www.reuters.com   time to read: +3 min
Analysts at Citigroup and JPMorgan both lowered their recommendations on AT&T shares in recent days. The shares hit a low of $13.68 in Monday's session, the lowest since March 1993. "We have not seen, nor have regulators identified, evidence that legacy lead-sheathed telecom cables are a leading cause of lead exposure or the cause of a public health issue,” a U.S. Telecoms spokesperson said in a statement. Shares of Verizon were also down on Monday, falling 5.5% to $32.14, a nearly 13-year low. Reporting by Chibuike Oguh in New York; Editing by Lance Tupper and Deepa BabingtonOur Standards: The Thomson Reuters Trust Principles.
Persons: Michael Rollins, Rollins, ”, Philip Cusick, Michael Hodel, Chibuike Oguh, Lance Tupper, Deepa Babington Organizations: YORK, T Inc, U.S, Verizon, Citigroup, JPMorgan, U.S ., Citi, U.S . Telecom, Morningstar, Thomson Locations: U.S, New York
☆ Morningstar reveals its top high-dividend global stocks — and gives three 30% upside
  + stars: | 2022-09-26 | by ( Ganesh Rao | ) www.cnbc.com   time to read: +2 min
Morningstar has revealed its pick of global stocks with the highest dividend yields. In a note entitled, "Our Ultimate Stock Pickers' ... Dividend-Yielding Stocks," Morningstar noted that searching for yield can be risky given the current volatility. In fact, three of the stocks have the potential to rise by more than 30%, according to Morningstar's analysts. GSK London-headquartered pharmaceutical giant GSK is also undervalued by more than 40%, according to Morningstar analyst Damien Conover. Philips' stock, which also trades in New York, has fallen to a decade low following criticism over its handling of a global recall of respiratory machines.
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