AT&T (T)

• Market cap: $191B
• 1 day: 1.80%
• 5 days: 3.70%
• 1 month: 18.36%
• 3 months: 15.84%
• 6 months: 36.23%
• Year to date: 16.60%
• 1 year: 56.59%
• 5 years: -30.95%
• 10 years: -21.36%
• Sector: Communication Services
• Industry: Telephone Communications, Except Radiotelephone

About: The wireless business contributes about two thirds 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 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.

Employees: 160,700

Fund manager confidence

Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)

199% more first-time investments, than exits

New positions opened: 320 | Existing positions closed: 107

24% more call options, than puts

Call options by funds: $1.11B | Put options by funds: $892M

18% more funds holding in top 10

Funds holding in top 10: 50 [Q3] → 59 (+9) [Q4]

9% more capital invested

Capital invested by funds: $95.6B [Q3] → $104B (+$8.83B) [Q4]

4% more funds holding

Funds holding: 2,408 [Q3] → 2,495 (+87) [Q4]

1.95% more ownership

Funds ownership: 60.39% [Q3] → 62.34% (+1.95%) [Q4]

1% more repeat investments, than reductions

Existing positions increased: 976 | Existing positions reduced: 964

Research analyst outlook

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

• Low target: $26 2% downside
• Avg. target: $28 6% upside
• High target: $32 20% upside

11 analyst ratings

• positive: 11 100%
• neutral: 0 0%
• negative: 0 0%

Tigress Financial Ivan Feinseth 77% 1-year accuracy 53 / 69 met price target	20% upside $32	Buy Maintained	4 Feb 2025
Scotiabank Maher Yaghi 71% 1-year accuracy 12 / 17 met price target	2% downside $26	Sector Outperform Maintained	28 Jan 2025
RBC Capital Jonathan Atkin 70% 1-year accuracy 14 / 20 met price target	1% upside $27	Outperform Maintained	28 Jan 2025
Bernstein Laurent Yoon 75% 1-year accuracy 3 / 4 met price target	9% upside $29	Outperform Maintained	28 Jan 2025
Argus Research Joseph Bonner 78% 1-year accuracy 14 / 18 met price target	1% upside $27	Buy Upgraded	16 Jan 2025