Forecast Of The Day: AT&T’s Mobility Revenues

+34.39%
Upside
20.99
Market
28.21
Trefis
T: AT&T logo
T
AT&T

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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