AT&T is a telecom company located in Texas, United States, which is part of the Communication Services sector, and is traded under the ticker T on the NYSE exchange.
AT&T stock last closed at $17.40, up 0.58% from the previous day, and has increased 4.44% in one year. It has overperformed other stocks in the Telecom Services industry by 0.2 percentage points. AT&T stock is currently +29.56% from its 52-week low of $13.43, and -4.16% from its 52-week high of $18.16.
There are currently 7.17B T shares outstanding. The market value of T is $124.76B. In the last 24 hours, 25.12M T shares were traded.
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After you have identified the best place to buy AT&T stock, it's important to research their stock prior to investing, so you truly comprehend the risk as well as the opportunity.
WallStreetZen was built to help average investors perform better fundamental analysis.
You can view all of the due diligence checks on T's stock page.
Investors use a variety of different financial metrics, analyses, models, and charts to gauge T's intrinsic value.
Using relative valuations methods:
You can access more valuation analysis on T's stock here.
Out of 10 Wall Street analysts who track T, the consensus analyst rating on T is a Strong Buy
Please note that analyst ratings are not recommendations, nor are they financial advice.
Richard Choe, a bottom 22% analyst from JP Morgan upgrades T to a strong buy rating and raises their T price target from $18.00 to $21.00, on Feb 1, 2024.
JP Morgan's Richard Choe upgraded their rating on AT&T (NYSE: T) from Hold to Strong Buy on 2024/02/01. The analyst also raised their price target by 16.7% from $18 to $21.
Having reviewed AT&T's Q4 and FY 2023 earnings, reported on 2024/01/24, Choe upgraded the stock and hiked their price target because "the company has been able to show consistent execution in its wireless and broadband businesses and is positioned for solid long-term growth for both segments, especially in broadband with its ongoing fiber build along with incremental opportunities in and out of existing markets."
The analyst reminded investors that AT&T has completed its elevated capital investment spend for 5G and should see steady free cash flow generation to support dividend payments and reduce debt.
JP Morgan views AT&T's valuation as attractive at current levels, Choe reported.
AT&T reported:
For Q4 2023:
For FY 2023:
Management guided for FY 2024:
CEO John Stankey commented: “We accomplished exactly what we said we would in 2023, delivering sustainable growth and consistent business performance, resulting in full-year free cash flow of $16.8B, ahead of our raised guidance.
“As we advance our lead in converged connectivity, we will continue to scale our best-in-class 5G and fiber networks to meet customers’ growing demand for seamless, ubiquitous broadband, and drive durable growth for shareholders.”
Ivan Feinseth, a top 6% analyst from Tigress Financial maintains T with a buy rating and raises their T price target from $28.00 to $29.00, on Jan 31, 2024.
Bryan Kraft, a top 23% analyst from Deutsche Bank maintains T with a strong buy rating and raises their T price target from $23.00 to $24.00, on Jan 25, 2024.
Timothy Horan, a top 22% analyst from Oppenheimer upgrades T to a buy rating and announces their T price target of $21.00, on Jan 19, 2024.
Eric Luebchow, a bottom 10% analyst from Wells Fargo maintains T with a strong buy rating and raises their T price target from $17.00 to $20.00, on Dec 13, 2023.
You can dive deeper into what analysts are projecting on the AT&T stock forecast page.
Last year, T earnings were $13.41B. Over the past five year, T's earnings have increased by -7.04% per year. This was slower than the Telecom Services industry average of 8.8%.
Last year, T revenue was $122.32B. Over the last five year, T's revenue has gone up by -7.18% per year. This was slower than the Telecom Services industry average of 3.23%.
Dive into T's earnings and revenue performance here.
Over the last year, executives and large shareholders at T have sold more shares than they have bought.
Sanders S. Sabrina, SVP-ChiefActngOfcrController of T, was the latest T insider to buy. They bought $3,715.80 worth of T stock on Apr 30, 2024.
Research more about who owns T stock here.
AT&T pays a dividend of 6.38%, compared to the Telecom Services industry's average dividend yield of 4.47%. If you owned $1,000 worth of T stock, you would have been paid $63.79 last year.
AT&T dividend payments have not consistently grown over the past decade and have not remained stable.
Find more info about AT&T dividend yield and history here.
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