Cognizant Joins AT&T’s Connected Climate Initiative to Reduce 1 Billion Tons of CO2 Emissions
June 25, 2023
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AT&T INC ($NYSE:T) is a multinational telecommunications conglomerate that has grown to become one of the largest providers of mobile phone services, broadband, and pay television in the United States. The company’s Connected Climate Initiative is a joint effort among a number of major companies to reduce global CO2 emissions. This success furthers AT&T’s commitment to sustainability goals and puts them at the forefront of corporate responsibility. The Connected Climate Initiative is a long-term project with the goal of driving global emission reductions through the use of cutting-edge technology and sustainable practices. By working closely with Cognizant and other leading organizations, AT&T hopes to quickly and efficiently reduce CO2 emissions, while simultaneously strengthening their position as an industry leader in sustainability practices.
The initiative also provides Cognizant with the opportunity to collaborate with AT&T on new projects and technologies that will help reduce environmental impact. The partnership between AT&T and Cognizant provides a great example of how businesses can work together to address global issues. Through this joint effort, AT&T and Cognizant can look forward to making a significant contribution towards achieving important global sustainability goals.
Price History
On Monday, AT&T INC stock opened at $16.0 and closed at $15.9, down by 0.1% from the previous closing price of 16.0. On the same day, AT&T announced that its Connected Climate initiative has gained a new partner, Cognizant. To achieve this, Cognizant will work with AT&T to develop digital solutions that increase energy efficiency and reduce emissions.
This could include delivering energy performance analytics and creating connected energy systems to optimize energy use. AT&T and Cognizant also plan to work together to create a more sustainable supply chain that uses renewable energy sources wherever possible. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for At&t Inc. More…
| Total Revenues | Net Income | Net Margin |
| 112.78k | -9.31k | 6.7% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for At&t Inc. More…
| Operations | Investing | Financing |
| 32.97k | -16.97k | -51.7k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for At&t Inc. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 400.87k | 292.53k | 13.89 |
Key Ratios Snapshot
Some of the financial key ratios for At&t Inc are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -14.3% | -7.8% | 1.9% |
| FCF Margin | ROE | ROA |
| 12.2% | 1.4% | 0.3% |
Analysis
GoodWhale has conducted a fundamental analysis of AT&T INC and classified the company as a ‘cow’. This type of company has a track record of paying out consistent and sustainable dividends, making it attractive to investors who are looking for long-term investments. AT&T INC has strong fundamentals in terms of asset, dividend, and profitability, but is weaker in terms of growth. Additionally, AT&T INC has an intermediate health score of 6/10 with regard to its cashflows and debt, indicating that it might be able to safely ride out any crisis without the risk of bankruptcy. All of these factors combined make AT&T INC an attractive choice for investors looking for a reliable long-term investment. More…
Peers
AT&T Inc is one of the world’s largest telecommunications companies, with a wide range of products and services including wireless, broadband, and television. It competes primarily with Verizon Communications Inc, America Movil SAB de CV, and T-Mobile US Inc. All three companies are leaders in their respective markets and offer a variety of products and services to their customers.
– Verizon Communications Inc ($NYSE:VZ)
Verizon Communications Inc. has a market capitalization of 155.68 billion as of 2022 and a return on equity of 22.51%. The company is a provider of communications, information and entertainment products and services to consumers, businesses and governmental agencies. Verizon operates in four business segments: Wireless, Residential, Business and Verizon Media Group.
– America Movil SAB de CV ($OTCPK:AMXVF)
America Movil is a Mexican telecommunications company that offers wireless voice and data services, as well as fixed-line and pay television, in Mexico and throughout Latin America. The company has a market cap of 52.63B as of 2022 and a Return on Equity of 26.76%. America Movil is one of the largest mobile network operators in the world, with over 260 million subscribers.
– T-Mobile US Inc ($NASDAQ:TMUS)
T-Mobile US Inc is a wireless carrier operating in the United States. The company has a market cap of 170.75 billion as of 2022 and a return on equity of 4.35%. T-Mobile US Inc offers wireless voice, messaging, and data services to customers in the United States. The company operates a nationwide 4G LTE network covering more than 320 million people.
Summary
This commitment is an important part of Cognizant’s focus on sustainability. The stock also trades at a slight discount to its peers. Over the past decade, AT&T has consistently grown its revenue and earnings per share. Despite challenges caused by the pandemic, analysts are optimistic about AT&T’s long-term prospects, citing its strong customer base and expansion into new markets.
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