Communication Dec 11, 2020 11:48 AM (GMT+8)
Morgan Stanley analyst Simon Flannery reiterated at & T's "buy" rating with a target price of $36. At & T has agreed to sell its animation video unit crunchyroll to Sony's function global group for $1.175 billion. John stankey, chief executive of at & T, said strong cash flow and capital allocation strategy will bring flexibility to the company and be able to invest in optical fiber, 5g and HBO max, with free cash flow of $26 billion and total investment capital of $21 billion next year.
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