PREVIEW: AT&T earnings seen down about 10%
** AT&T Inc's T.N shares climb ~1% to $16.47 on Tues ahead of Q1 earnings due early Weds with wireless subscriber base in focus
** Telecom firm expected to report adj EPS $0.54, down 10% from $0.60 a yr-ago, on revenue of $30.54 bln vs $30.14 bln in Q1 2023, LSEG data shows
** Rival Verizon VZ.N on Monday posted fewer qtrly wireless subscriber losses on flexible plan demand. Its stock closed down nearly 5% on the session with one brokerage saying over the next five years, it expects VZ to continue to lose wireless market share
** Earlier this month, Mexican broadcaster TLEVISACPO.MX said it bought out T's stake in satellite TV unit Sky Mexico
** T has met or beaten EPS estimates in 6 of past 8 qtrs with most recent miss in Q4 2023
** 13 of 27 analysts rate T "strong buy" or "buy," 11 rate "hold" and 3 recommend "sell" - LSEG
** Median analyst PT of $20, unchanged from a month ago, up from $19 on Jan 23
** Including moves on Tues, T shares down ~2% YTD vs S&P 500 Communication Services index's .SPLRCL ~16% advance
(Lance Tupper is a Reuters market analyst. The views expressed are his own)
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