Summary
AT&T provided 2019 guidance at an analyst meeting.
Its FCF target was boosted by $1 billion to $26 billion.
Substantial debt reduction remains on a clear path for 2019 with a target of reducing net debt levels to $150 billion by year end.
The stock shouldn't trade with a 6.5% dividend yield with an FCF yield in excess of 10%.
As part of its 2018 analyst meeting, AT&T (T) took the opportunity to further boost crucial 2019 financial estimates. My previous investment thesis had told people to relax, and these updated numbers support a stock ready for takeoff. The dire fears in the market aren't apparent in the corporate forecasts.
Image Source: AT&T 2018 Analyst Meeting
