AT&T (T)

• Market cap: $163B
• 1 day: 0.80%
• 5 days: -4.05%
• 1 month: -0.35%
• 3 months: 5.62%
• 6 months: 25.62%
• Year to date: 31.88%
• 1 year: 38.72%
• 5 years: -41.89%
• 10 years: -32.79%
• Sector: Communication Services
• Industry: Telephone Communications, Except Radiotelephone

About: 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 15% 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 recently agreed to sell its 70% equity stake in satellite television provider DirecTV to its partner, private equity firm TPG.

Employees: 160,700

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

55% more call options, than puts

Call options by funds: $1.33B | Put options by funds: $859M

23% more first-time investments, than exits

New positions opened: 202 | Existing positions closed: 164

13% more capital invested

Capital invested by funds: $83.7B [Q2] → $94.9B (+$11.2B) [Q3]

2% more funds holding in top 10

Funds holding in top 10: 49 [Q2] → 50 (+1) [Q3]

2% more funds holding

Funds holding: 2,356 [Q2] → 2,394 (+38) [Q3]

0.91% less ownership

Funds ownership: 60.82% [Q2] → 59.92% (-0.91%) [Q3]

16% less repeat investments, than reductions

Existing positions increased: 903 | Existing positions reduced: 1,075

Research analyst outlook

10 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $21 8% downside
• Avg. target: $27 16% upside
• High target: $30 32% upside

10 analyst ratings

• positive: 8 80%
• neutral: 2 20%
• negative: 0 0%

UBS John Hodulik 80% 1-year accuracy 12 / 15 met price target	32% upside $30	Buy Maintained	19 Dec 2024
Goldman Sachs James Schneider 58% 1-year accuracy 21 / 36 met price target	23% upside $28	Buy Maintained	5 Dec 2024
Citigroup Michael Rollins 54% 1-year accuracy 13 / 24 met price target	23% upside $28	Buy Maintained	4 Dec 2024
Oppenheimer Timothy Horan 62% 1-year accuracy 13 / 21 met price target	19% upside $27	Outperform Maintained	4 Dec 2024
Barclays Kannan Venkateshwar 58% 1-year accuracy 15 / 26 met price target	19% upside $27	Overweight Maintained	4 Dec 2024