T Stock Summary and Trading Ideas (AT&T | NYSE:T)

The wireless business contributes nearly 70% of AT&T's revenue. The firm is the third-largest US wireless carrier, connecting 72 million postpaid and 17 million prepaid phone customers. Fixed-line enterprise services, which account for about 15% of revenue, include internet access, private networking, security, voice, and wholesale network capacity. Residential fixed-line services, about 11% of revenue, primarily consist of broadband internet access, serving 14 million customers. AT&T also has a sizable presence in Mexico, with 23 million customers, but this business only accounts for 4% of revenue. The firm recently agreed to sell its 70% equity stake in satellite television provider DirecTV to its partner, private equity firm TPG.

AT&T trades on the NYSE stock market under the symbol T.

As of November 25, 2024, T stock price declined to $23.10 with 49,376,172 million shares trading.

T has a beta of -0.27, meaning it tends to be less sensitive to market movements. T has a correlation of 0.04 to the broad based SPY ETF.

T has a market cap of $165.63 billion. This is considered a Large Cap stock.

Last quarter AT&T reported $30 billion in Revenue and $.60 earnings per share. This fell short of revenue expectation by $-227 million and exceeded earnings estimates by $.03.

In the last 3 years, T traded as high as $27.48 and as low as $13.43.

The top ETF exchange traded funds that T belongs to (by Net Assets): VTI, VOO, SPY, IVV, VTV.

T has outperformed the market in the last year with a price return of +49.7% while the SPY ETF gained +32.9%. T has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +19.8% and +3.4%, respectively, while the SPY returned +7.7% and -0.1%, respectively.

T support price is $22.91 and resistance is $23.45 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that T shares will trade within this expected range on the day.