4-Oct-2024
Key deals this week: AT&T, Qualcomm, Crown Castle and more
Seeking Alpha News (Sat, 5-Oct 2:36 PM ET)
Dividend Roundup: AT&T, General Mills, PNC Financial, CSX, and more
Seeking Alpha News (Fri, 4-Oct 8:26 AM ET)
AT&T to Host Analyst & Investor Day on December 3
PRNewswire (Wed, 2-Oct 6:30 AM ET)
Top buy-rated stocks in Communication Services - Citi
Seeking Alpha News (Tue, 1-Oct 3:35 PM ET)
Verizon says services restored after outage impacted more than 100k users (update)
Seeking Alpha News (Tue, 1-Oct 9:09 AM ET)
Analysts Offer Insights on Communication Services Companies: AT&T (T) and Snap (SNAP)
TipRanks (Tue, 1-Oct 5:50 AM ET)
DIRECTV to Acquire EchoStar's Video Distribution Business, Including DISH TV and Sling TV
PRNewswire (Mon, 30-Sep 7:00 AM ET)
AT&T Sells Remaining Stake in DIRECTV to TPG
PRNewswire (Mon, 30-Sep 6:23 AM ET)
AT&T Declares Dividends on Common and Preferred Shares
PRNewswire (Fri, 27-Sep 4:35 PM ET)
PRNewswire (Tue, 17-Sep 7:58 AM ET)
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 16% 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 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 October 4, 2024, T stock price declined to $21.91 with 22,335,708 million shares trading.
T has a beta of -0.08, meaning it tends to be less sensitive to market movements. T has a correlation of 0.00 to the broad based SPY ETF.
T has a market cap of $157.09 billion. This is considered a Large Cap stock.
Last quarter AT&T reported $30 billion in Revenue and $.57 earnings per share. This fell short of revenue expectation by $-123 million and met earnings estimates .
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): RAYD, VTI, VOO, SPY, IVV.
T has outperformed the market in the last year with a price return of +57.1% while the SPY ETF gained +36.6%. T has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +18.8% and +1.7%, respectively, while the SPY returned +4.2% and +0.8%, respectively.
T support price is $21.78 and resistance is $22.32 (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.