AT&TNYSE: T

Using Corning's top-notch solution, T plans to grow its fiber network infrastructure to provide faster Internet access to more people in the United States.

AT&T has performed well financially, thanks to growth in its mobility and fiber sectors, which allows it to offer a 5% dividend yield and lower its debt. The company aims to grow its 5G and fiber services, anticipating over $2 billion in cost savings by mid-2026 and a net debt-to-adjusted EBITDA ratio of 2.5x by the first half of 2025. Even with competition from T-Mobile, AT&T's investments in fiber and 5G, along with its manageable debt, put it in a good position for ongoing returns to shareholders.

DALLAS & CORNING, N.Y.--(BUSINESS WIRE)--AT&T (NYSE: T) has revealed a long-term agreement with Corning Incorporated (NYSE: GLW) to supply advanced fiber, cable, and connectivity solutions. This partnership aims to enhance AT&T's fiber network and increase access to high-speed internet for more Americans. As the leading fiber internet provider in the U.S.*, AT&T is working to extend its network to reach more communities nationwide.

The top telecom companies in America share many similarities, but there can only be one that stands out as the best.

AT&T's earnings report for the third quarter reveals significant growth in its broadband and wireless areas, even though there are some drops in total revenue and older wireline services. The increase in subscribers and average revenue per user in both mobility and broadband suggests that AT&T has good prospects for long-term growth. Additionally, when compared to its industry competitors, AT&T appears to be a good investment due to its appealing price-to-book ratios.

The financial indicators of the telecom giant are improving.

This year, AT&T's stock has performed much better than its competitor, Verizon.

AT&T announced Q3 earnings that exceeded expectations, leading to a 5% rise in its share price. The company gained 226,000 broadband subscribers in the quarter, continuing a trend of over 200,000 net additions for 19 quarters in a row, and experienced a 5% year-over-year increase in average revenue per user. Additionally, AT&T reported $5.1 billion in free cash flow and maintained its forecast of $17-18 billion for the year, with a strong dividend coverage ratio of 255%.

AT&T's stock price is rising as the company's management strategy becomes more popular with investors. The current price-earnings ratio is about 10, suggesting that the stock is undervalued compared to the overall market. As the company shifts towards growth and income, a price-earnings ratio of 13 is possible.