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AT&T Climbs After Releasing a 3-year Plan to Meet Activist Firm Elliott Management’s Goals (T)

Stock Market Data Today
  • AT&T shares jumped as much as 4% early Monday after the telecom giant released a three-year plan to accomplish many goals set out by activist firm Elliott Management.
  • The plan calls for the separation of AT&T's CEO and chairman roles, a pause on major acquisitions, and the addition of two new directors.
  • AT&T also forecasted earnings per share between $4.50 and $4.80 by 2022, trouncing the consensus analyst estimate of $3.39 per share...
Mentions: AT&T Elliott Management