AT&T (T)

• Market cap: $190B
• 1 day: -2.07%
• 5 days: -5.67%
• 1 month: -2.76%
• 3 months: 3.20%
• 6 months: 18.61%
• Year to date: 15.86%
• 1 year: 53.24%
• 5 years: -5.84%
• 10 years: -21.98%
• Sector: Communication Services
• Industry: Telecom Services

About: The wireless business contributes nearly 70% of AT&T's revenue. The firm is the third-largest US wireless carrier, connecting 73 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 24 million customers, but this business only accounts for 3% of revenue. The firm has agreed to sell its 70% equity stake in satellite television provider DirecTV to its partner, private equity firm TPG.

Employees: 140,990

Fund manager confidence

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

226% more first-time investments, than exits

New positions opened: 362 | Existing positions closed: 111

24% more call options, than puts

Call options by funds: $1.11B | Put options by funds: $893M

22% more funds holding in top 10

Funds holding in top 10: 50 [Q3] → 61 (+11) [Q4]

10% more capital invested

Capital invested by funds: $94.2B [Q3] → $104B (+$9.89B) [Q4]

8% more funds holding

Funds holding: 2,411 [Q3] → 2,606 (+195) [Q4]

2.86% more ownership

Funds ownership: 59.79% [Q3] → 62.65% (+2.86%) [Q4]

1% more repeat investments, than reductions

Existing positions increased: 1,008 | Existing positions reduced: 995

Research analyst outlook

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

• Low target: $27 2% upside
• Avg. target: $31 16% upside
• High target: $34 29% upside

11 analyst ratings

• positive: 9 82%
• neutral: 2 18%
• negative: 0 0%

Tigress Financial Ivan Feinseth 55% 1-year accuracy 40 / 73 met price target	29% upside $34	Buy Maintained	29 Apr 2025
Barclays Kannan Venkateshwar 74% 1-year accuracy 17 / 23 met price target	13% upside $30	Overweight Maintained	25 Apr 2025
RBC Capital Jonathan Atkin 71% 1-year accuracy 15 / 21 met price target	13% upside $30	Outperform Maintained	24 Apr 2025
Morgan Stanley Simon Flannery 60% 1-year accuracy 3 / 5 met price target	17% upside $31	Overweight Maintained	24 Apr 2025
JP Morgan Richard Choe 70% 1-year accuracy 7 / 10 met price target	17% upside $31	Overweight Maintained	24 Apr 2025