AT&T Inc.’s Stock Price Soars to $19.16, Marking a Substantial 5.22% Uptick

AT&T Inc. (T)

19.16 USD +0.95 (+5.22%) Volume: 63.69M

AT&T Inc.’s stock price has shown a promising performance, currently standing at 19.16 USD, marking a significant increase of +5.22% this trading session. With a trading volume of 63.69M and a year-to-date percentage change of +14.18%, AT&T’s stock is demonstrating a robust upward trend.

Latest developments on AT&T Inc.

AT&T Inc. has seen a tumultuous period with a mix of positive and negative news affecting its stock price. The company’s second-quarter results showed strong growth in 5G and fiber customers, but missed revenue expectations. Despite this, AT&T’s stock rose on subscriber growth and demand for higher-priced plans. However, a massive data breach put the company in a difficult position, leading to consumer class actions and lawsuits. Analysts are closely watching AT&T’s cash flow and subscriber numbers to gauge its performance. Despite some challenges, AT&T’s stock has shown resilience, marking its best gain in nine months. The company continues to attract new customers with premium packages, driving optimism among investors.

AT&T Inc. on Smartkarma

Analysts at Baptista Research on Smartkarma are bullish on At&T Inc, citing consistent execution and growth opportunities as major drivers for the company. The First Quarter 2024 earnings report for AT&T showcased steady progress in its investment-led strategy, particularly in the connectivity sector through 5G and fiber. With a significant increase in high-value wireless and broadband subscribers, including 349,000 postpaid phone net adds, AT&T saw a rise in ARPU and robust operating income and margins.

Furthermore, AT&T Inc’s Q4 2023 earnings report highlighted strong growth and strategic investments, with 1.7 million postpaid phone net additions for the year. The company’s wireless and fiber customer base grew by 10%, reaching over 71.2 million subscribers, resulting in increased revenues and EBITDA. Analysts note that AT&T’s mid-band 5G network now serves over 210 million people, while the fiber network has expanded to over 26 million consumer and business locations, indicating promising growth prospects for the company.

A look at AT&T Inc. Smart Scores

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

AT&T Inc. has received high scores in key areas such as Dividend and Growth, indicating a positive long-term outlook for the company. With a strong focus on rewarding shareholders through dividends and showing potential for growth, investors may see AT&T as a stable investment option in the telecommunications industry.

While AT&T scores slightly lower in Resilience, the company still maintains a solid overall outlook with its Value and Momentum scores. As a communications holding company offering a wide range of services, AT&T continues to adapt to market changes and position itself for future success. Investors may find AT&T to be a reliable choice for long-term investment opportunities.

### AT&T Inc. is a communications holding company. The Company, through its subsidiaries and affiliates, provides local and long-distance phone service, wireless and data communications, Internet access and messaging, IP-based and satellite television, security services, telecommunications equipment, and directory advertising and publishing. ###

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