Wells Fargo Sees AT&T Outlook as Improving
The outlook for AT&T is improving, based on meetings Wednesday with the company, Wells Fargo’s Jennifer Fritzsche told investors Thursday. “We walked away incrementally positive on the wireless ops and believe the Street focus on certain ‘key metrics’ (negativity around…
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balance sheet and video subs losses) is changing for the positive.” Wireless positives outweigh the negatives, the analyst said: AT&T “continues to see positive trajectory with its push toward the public safety sector (aka FirstNet).”