Broker initiation with a Buy rating and stated price target can influence sentiment and trading over the next few sessions; CFO change is more structural and likely lower near-term impact absent additional guidance.
Freedom Broker Starts Coverage of AT&T (T) While Company Prepares for CFO Change Vardah Gill Thu, June 18, 2026 at 1:11 AM GMT+2 2 min read T TMUS T-PA With a free cash flow yield of 10. 78%, AT&T Inc. (NYSE: T ) is included among the 12 Stocks From Companies Generating High Cash Flow .
Freedom Broker Starts Coverage of AT&T (T) While Company Prepares for CFO Change Ken Wolter / Shutterstock. com On June 12, Freedom Broker initiated coverage of AT&T Inc. (NYSE:T) with a Buy rating.
It also set a $30 price target on the stock. The firm said the U. S.
telecom and cable sector entered 2026 at a more advanced stage of the convergence cycle than the market had expected just a few quarters ago. It views T-Mobile (TMUS) as the strongest fundamental story in the sector, citing its spectrum position, EBITDA growth rate, free cash flow margin, and balance-sheet flexibility. Freedom Broker also described AT&T as “a clear convergence story.
” On June 16, Reuters reported that AT&T announced Pascal Desroches will retire as CFO at the end of 2026 and that Jennifer Biry will succeed him. According to a company filing, Biry, the former CFO of McAfee, is set to become AT&T’s CFO at the beginning of 2027. She was appointed deputy CFO on June 15.
Biry has held senior leadership roles at AT&T since 1999 across finance, sales, and strategy. AT&T Inc. (NYSE:T) is a holding company that provides telecommunications and technology services worldwide.
The company operates through its Communications and Latin America segments. While we acknowledge the potential of T as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock .
READ NEXT: Top 10 Income Stocks with the Highest Upside Potential and 12 Stocks with Highest Dividend to Invest In Now Disclosure: None. Follow Insider Monkey on Google News .
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