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Why AT&T Stock Was Moving Higher Today

TheMotleyFool

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Why AT&T Stock Was Moving Higher Today: https://g.foolcdn.com/editorial/images/747654/att-5g.jpg

Shares of AT (NYSE: T) were moving higher today as CFO Pascal Desroches made comments at an investor conference reaffirming the company's free-cash-flow guidance and tamped down concerns about the lead-contamination situation, reassuring investors that the company was on the right track.

As of 10:46 a.m. ET, AT stock was up 2.9%.

For the third quarter, the company sees free cash flow of $4.5 billion to $5 billion and continues to target at least $16 billion in free cash flow for the full year.

Source Fool.com