23-Apr-2024
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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 23, 2024, T stock price climbed to $16.50 with 42,253,431 million shares trading.
T has a beta of 0.21, meaning it tends to be less sensitive to market movements. T has a correlation of 0.01 to the broad based SPY ETF.
T has a market cap of $117.96 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 -3.3%, while the SPY ETF gained +24.3%. In the last 3 month period, T fell short of the market, returning -0.1%, while SPY returned +4.9%. However, in the most recent 2 weeks T has outperformed the stock market by returning -1.1%, while SPY returned -2.5%.
T support price is $16.11 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.