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AT&T Inc.

T · NYSE

Market closed$21.80$-0.183900 (-0.84%)After hours $21.84 · +0.20%

Key statistics

Previous close$21.98
Open$22.18
Day high$22.77
Day low$21.67
52-week high$29.79
52-week low$19.89
Market cap151.45B
Volume70.40M
Average volume53.29M
P/E ratio10.04
Forward P/E—
EPS2.17
Dividend yield+5.09%

Market context

Why it moved

AT&T (T) shares declined as broad market sentiment turned risk-off amid a deepening global semiconductor selloff, with investors rotating to safe-haven assets and utilities while tech-related stocks faced selling pressure driven by concerns over AI spending valuations and geopolitical tensions.

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What is happening

Recent company-specific developments and publisher coverage.

July 17, 2026AT&T shares closed down modestly, pressured by a broad sell-off in communication services stocks — the sector fell roughly 2.9% on the day — as Netflix's disappointing Q3 guidance and renewed AI-spending concerns dragged the group lower. Despite the session's weakness, AT&T is ticking slightly higher in after-hours trading ahead of its Q2 2026 earnings report due July 22, where consensus EPS sits at $0.55. Investor sentiment remains balanced: Starlink's competitive threat has prompted Morgan Stanley and Scotiabank to trim price targets, yet multiple institutions including D.A. Davidson and Bank of New York Mellon added to holdings, and AT&T's AI-driven outage prevention system and Ookla's 'fastest connectivity provider' recognition offer constructive operational signals.

-0.8367

July 17, 2026AT&T shares rallied over 2.6% on above-average volume, outperforming the broader Communication Services sector (XLC) amid a mixed market session where AI and chip stocks dragged the S&P 500 lower. The gain comes as investors weigh encouraging signals — including Ookla data naming AT&T the fastest converged connectivity provider and KeyCorp raising earnings estimates ahead of earnings — against persistent headwinds from Starlink competition, with Bernstein and Morgan Stanley both trimming price targets on satellite threat concerns. The stock's consensus 'Moderate Buy' rating and 5.2% dividend yield continue to attract income-focused buyers, even as the shares trade well below the $29.34 average analyst price target.

2.6132

July 16, 2026AT&T closed modestly higher as investors weighed a fresh wave of analyst pressure tied to the Starlink competitive threat against the company's solid fundamental backdrop. Bernstein slashed price targets across major telecoms — including AT&T — citing valuation risks stemming from SpaceX's aggressive direct-to-consumer ambitions, while Scotiabank also trimmed its target to $29.25 from $31, maintaining a Sector Perform rating. These cuts follow similar moves from Barclays, Morgan Stanley, and a bearish Wells Fargo initiation with an $18 target, reflecting growing Wall Street concern that Starlink could erode AT&T's long-term subscriber base. Against this backdrop, AT&T touted new Ookla data naming its converged fiber-and-wireless service the nation's fastest, while its 5G drone-detection trial with Ericsson reinforced its network innovation narrative. The stock, trading near 52-week lows despite beating Q1 EPS estimates and reaffirming FY2026 guidance, screens as deeply discounted on valuation — at roughly 7x earnings versus a peer average near 9.5x — with its ~5.2% dividend yield drawing income-focused attention ahead of Q2 earnings expected July 22.

0.6579

July 15, 2026AT&T closed modestly lower as investors weighed mounting competitive concerns around SpaceX's Starlink against the company's solid fundamentals. Bernstein slashed its price target on AT&T alongside peers Verizon, Charter, Comcast, and T-Mobile, citing valuation risks tied to SpaceX's direct-to-consumer satellite ambitions, while Morgan Stanley also cut its target and Jim Cramer warned investors to avoid the stock. The bearish analyst commentary overshadowed positive developments, including better-than-expected Q2 EPS of $0.57, reaffirmed FY2026 guidance, a 5.2% dividend yield, and a J.D. Power #1 ranking for small business internet satisfaction.

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July 14, 2026AT&T shares rose over 2%, outperforming the broader market which declined amid renewed U.S.-Iran tensions and a chip stock selloff, as investors gravitated toward defensive, high-yield names. The telecom giant benefits from a 5.2% dividend yield and Q2 earnings approaching on July 22, while recent positive catalysts — including a #1 J.D. Power ranking for small business internet satisfaction and a 5G drone detection demo with Ericsson — contrast with mixed analyst sentiment featuring Wells Fargo's underweight initiation at an $18 target and Morgan Stanley cutting its price target to $25.

2.0587

July 11, 2026AT&T edged modestly higher on a quiet trading day, even as investor sentiment remains mixed heading into Q2 earnings season. The stock is navigating a challenging backdrop: Wells Fargo initiated coverage with an Underweight rating and an $18 price target, Morgan Stanley trimmed its target to $25 (from $30), and Barclays also cut to $24 — though the consensus remains Moderate Buy at $29.68. Today marked the ex-dividend date for AT&T's $0.2775 quarterly dividend (~5.3% yield), a key income draw. Positive catalysts include a #1 J.D. Power small business internet satisfaction ranking and a successful 5G drone-detection trial with Ericsson at AT&T Stadium, while Starlink competitive concerns continue to loom over the broader telecom sector.

0.4278

July 10, 2026AT&T closed modestly lower amid a confluence of headwinds weighing on the telecom sector, including renewed Starlink competitive concerns after SpaceX's consumer mobile push and a Morgan Stanley price target cut to $25 (from $30), though the analyst maintained an Overweight rating. Investors also digested an upcoming ex-dividend date of July 10 for a $0.2775 quarterly dividend (~5.3% yield) and a J.D. Power #1 small business internet satisfaction ranking, while the stock trades well below its 200-day moving average of $25.45 and consensus analyst target of $29.68.

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July 9, 2026AT&T shares closed essentially flat amid a mixed backdrop of analyst activity and lingering competitive concerns from SpaceX's Starlink mobile push. Morgan Stanley maintained its Overweight rating but cut its price target to $25 from $30, while Barclays lowered its target to $24 from $26 and Wells Fargo initiated coverage with an Underweight rating and an $18 target — highlighting a wide divergence in analyst views. The broader macro backdrop weighed on sentiment, with U.S.-Iran tensions resurfacing and oil prices surging, pressuring equities broadly. Meanwhile, AT&T and Ericsson completed North America's first in-field trial of a 5G low-latency mobility feature, reducing handover interruption time by up to 40%, offering a modest positive signal on network investment progress ahead of its July 22 earnings report.

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TV News Check · July 17, 2026Comcast, AT&T Duke It Out With Utilities Over Pole AttachmentsSimply Wall Street · July 17, 2026Verizon (VZ) Rolls Out Aduna Identity Checks With AT&T And T MobilePR Newswire · June 24, 2026AT&T Declares Dividends on Common and Preferred SharesAT&T Newsroom · May 20, 2026AT&T Makes $19 Billion Commitment to Bring High-Speed Connectivity to CaliforniaVerizon · May 14, 2026AT&T, T-Mobile, and Verizon Plan to launch new joint venture that helps end dead zones
Benzinga · July 15, 2026Scotiabank Maintains Sector Perform on AT&T, Lowers Price Target to $29.25
Mt Newswire · July 15, 2026Scotiabank Adjusts Price Target on AT&T to $29.25 From $31, Maintains Sector Perform Rating
Mt Newswire · July 13, 2026Bernstein Adjusts Price Target on AT&T to $25 From $30, Maintains Outperform Rating
Benzinga · July 10, 2026AT&T Shares Pause Friday: What's Going On?
Mt Newswire · July 8, 2026Barclays Adjusts Price Target on AT&T to $24 From $26
Benzinga · July 8, 2026Wells Fargo Initiates Coverage On AT&T with Underweight Rating, Announces Price Target of $18
Benzinga · July 8, 2026Barclays Maintains Equal-Weight on AT&T, Lowers Price Target to $24
Benzinga · July 7, 2026AT&T Stock Moves Higher Following Breakthrough 5G Live Trial

Peers

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