27-Mar-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 March 27, 2024, T stock price climbed to $17.55 with 33,106,742 million shares trading.
T has a beta of 0.32, 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 $125.46 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 +0.3%, while the SPY ETF gained +33.9%. In the last 3 month period, T fell short of the market, returning +7.6%, while SPY returned +10.3%. However, in the most recent 2 weeks T has outperformed the stock market by returning +2.0%, while SPY returned +1.5%.
T support price is $17.02 and resistance is $17.34 (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.