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Today’s Research Reports on Stocks to Watch: AT&T and Netflix

ACCESSWIRE

NEW YORK, NY / ACCESSWIRE / September 13, 2018 / Shares of AT&T and Netflix jumped following the Goldman Sachs Communacopia Conference, where the CEO of AT&T took on to the rival Netflix by calling it the ‘Walmart’ of video streaming. AT&T also said that it plans to “step up” budget for HBO.

RDI Initiates Coverage on:

AT&T Inc.
https://www.rdinvesting.com/report/?ticker=T

Netflix, Inc.
https://www.rdinvesting.com/report/?ticker=NFLX

Shares of AT&T closed 2.3 percent higher on Wednesday, after AT&T* Inc.’s chairman and chief executive officer Randall Stephenson’s speech at the 27th annual Goldman Sachs Communacopia Conference. He announced updates on the company's third-quarter performance and plans for deleveraging following the June 2018 acquisition of Time Warner. According to Stephenson, AT&T expects its net-debt-to-adjusted EBITDA ratio to be in the 2.5x range by the end of 2019. For full-year 2018 guidance, the company expects to deliver more than $21 billion in free cash flow and begin 2019 with a baseline of $25 billion in FCF. The company continues to see positive trends in its wireless services as it was up on a comparable basis in the second quarter of 2018, and that in the third quarter to date, wireless service revenues are up more than 2% year over year on a comparable basis. According to Stephenson, AT&T’s pledge to “step up” the budget at HBO, which is currently about $2 billion yearly for content.

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Access RDI’s AT&T Research Report at:
https://www.rdinvesting.com/report/?ticker=T

Netflix, Inc.’s stock climbed 3.94 percent with about 10 million shares traded. This is lower than the average trading volume of 12 million shares. There was no major news to explain the jump in the share price. CEO of AT&T Randall Stephenson compared Netflix to Walmart of SVOD at the Goldman Sachs Communacopia Conference. He said, "I think of Netflix kind of as the Walmart of SVOD (subscription video on-demand). HBO is kind of the Tiffany." It was at the end of last month that Netflix announced new Vice President, Inclusion Strategy, Vernā Myers. Myers will help devise and implement strategies that integrate cultural diversity, inclusion and equity into all aspects of Netflix's operations worldwide. "Having worked closely with Vernā as a consultant on a range of organizational issues, we are thrilled that she has agreed to bring her talents to this new and important role," says Jessica Neal, Netflix Chief Talent Officer. "As a global company dedicated to attracting the best people and representing a broad range of perspectives, Vernā will be an invaluable champion of our efforts to build a culture where all employees thrive," Neal added.

Access RDI’s Netflix, Inc. Research Report at:
https://www.rdinvesting.com/report/?ticker=NFLX

Our Actionable Research on AT&T Inc. (NYSE: T) and Netflix, Inc. (NASDAQ: NFLX) can be downloaded free of charge at Research Driven Investing.

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Disclaimer: This article is written by an independent contributor of RDInvesting.com and Nadia Noorani, a CFA® charter holder, has provided necessary guidance in preparing the document templates. RDInvesting.com is neither a registered broker-dealer nor a registered investment advisor. For more information please read our full disclaimer at www.rdinvesting.com/disclaimer.

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SOURCE: RDInvesting.com

https://www.accesswire.com/511902/Todays-Research-Reports-on-Stocks-to-Watch-ATT-and-Netflix