AT&T Forecasts 2019 Free Cash Flow Above Estimates
November 30, 2018
AT&T Inc (T.N) forecast 2019 free cash flow above analysts’ expectations, as the No. 2 U.S. wireless carrier benefits from the acquisition of media company Time Warner.
The company said it expects 2019 free-cash flow of about $26 billion, compared with analysts’ average estimate of $24.84 billion, according to IBES data from Refinitiv.
AT&T said the growth in free cash flow will help achieve its end-of-year net-debt-to-adjusted-EBITDA ratio of 2.5 times range.
The company said it expects a decline in video subscribers in 2019 consistent with the pace of decrease in the third quarter of 2018.
Read more at Reuters