AT&T Shares Rise After CFO Says He’s Confident in Outlook

Key Takeaways

  • AT&T shares gained on Thursday after the telecom giant’s CFO said he was confident of the company’s outlook.
  • AT&T anticipates current quarter free cash flow of $4.5 billion to $5.0 billion, and at least $16 billion for 2023.
  • CFO Desroches also reaffirmed previous statements by the company that its legacy lead-sheathed cables don’t pose a public heath risk.

Shares of AT&T (T) advanced 3% on Thursday after the telecom giant’s CFO said he was confident of the…

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