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

The wireless business contributes about two thirds of AT&T's revenue following the spinoff of Warner Media. The firm is the third-largest U.S. wireless carrier, connecting 71 million postpaid and 17 million prepaid phone customers. Fixed-line enterprise services, which account for about 17% 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. AT&T also has a sizable presence in Mexico, serving 22 million customers, but this business only accounts for 3% of revenue. The firm still holds a 70% equity stake in satellite television provider DirecTV but does not consolidate this business in its financial statements.

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

As of April 19, 2024, T stock price climbed to $16.51 with 43,609,704 million shares trading.

T has a beta of 0.28, meaning it tends to be less sensitive to market movements. T has a correlation of 0.02 to the broad based SPY ETF.

T has a market cap of $118.03 billion. This is considered a Large Cap stock.

Last quarter AT&T reported $32 billion in Revenue and $.54 earnings per share. This beat revenue expectation by $542 million and missed earnings estimates by -$.02.

In the last 3 years, T stock traded as high as $33.88 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 underperformed the market in the last year with a return of -10.6%, while the SPY ETF gained +21.2%. In the last 3 month period, T fell short of the market, returning +0.7%, while SPY returned +3.0%. However, in the most recent 2 weeks T has outperformed the stock market by returning -3.6%, while SPY returned -4.5%.

T support price is $16.14 and resistance is $16.52 (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 stock will trade within this expected range on the day.