AT&T (T)
Connects U.S. consumers and businesses through wireless, fiber, and fixed-wireless broadband.
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Provides nationwide U.S. wireless service, fiber and fixed-wireless home internet, business connectivity, and mobile service in Mexico. Recurring service fees supply most revenue, led by wireless, while fiber expansion and the wind-down of legacy copper networks shape capital needs and regulatory exposure.
Provides nationwide U.S. wireless service and devices, home broadband through AT&T Fiber and AT&T Internet Air, and fiber-based connectivity for businesses. Advanced Connectivity brings those offerings together, while the Legacy segment carries declining copper voice, data, and wholesale products.
Earns most revenue from wireless service, supplemented by equipment sales and recurring consumer and business connectivity fees. Cross-sells mobile and home internet across a shared retail and network footprint; the acquisition of Lumen’s mass-markets fiber business added customers and extended fiber into more states.
Operates a separate wireless business in Mexico under the AT&T and Unefon brands. The model requires sustained network investment, FCC spectrum licenses, and federal or state approvals to retire much of the domestic copper network.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Sep 21, 2026 | BNP Paribas | Upgrade | Target: $28 | Target: $30 |
| Sep 21, 2026 | HSBC | Downgrade | ||
| Sep 21, 2026 | Needham | Initiate | Rating: — | |
| Sep 21, 2026 | Evercore ISI | Upgrade | ||
| Sep 21, 2026 | Exane BNP Paribas | Upgrade |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $17.57B · Total debt $162.89B · Total assets $428.36B · Shareholders' equity $110.44B
- Revenue
- $31.56B
- Operating income
- $7.04B
- Net income
- $4.63B
HistoryDividendAnnual yield
| Institutions | 67.61% | 4.63B shares | |
|---|---|---|---|
| 2,784 holders · as of Jun 30, 2026 | |||
| Insiders | 0.06% | 3.86M shares | |
| 13 holders · as of Sep 2, 2026 | |||
| Other | 32.33% | 2.22B shares | |
| remainder | |||
6.85B company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 8.16% | 559.40M | as of Jun 30, 2026 |
Vanguard Capital Management LLCInstitution | 6.62% | 453.56M | as of Jun 30, 2026 |
State Street CorpInstitution | 4.88% | 334.27M | as of Jun 30, 2026 |
Newport Trust CoInstitution | 2.61% | 178.73M | as of Jun 30, 2026 |
Geode Capital Management, LLCInstitution | 2.58% | 177.04M | as of Jun 30, 2026 |
Insider tradesForm 4
No open-market trades in the last 12 months.
- Verizon
Most symmetrical rival across wireless, fiber broadband, and enterprise.
- T-Mobile
US wireless growth leader; decisive 5G lead and 8.5M FWA subs attack broadband.
- Comcast
Largest cable ISP (32M subs); Xfinity Mobile 7.5M lines contest AT&T wireless.
- Charter Communications
No. 2 cable ISP; Spectrum Mobile 10M+ lines is the fastest-growing US MVNO.
- América Móvil (ADR)
Telcel (~70% Mexico wireless share) overwhelms AT&T Mexico's 23.9M subscribers.
- Lumen Technologies
Enterprise fiber networking rival; consumer fiber sold to AT&T (Feb 2026).
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| AT&T | $25.36 | −0.35% | $174.53B | 8.5 | 10.5 | 1.4 | +2.3% |
| Verizon | $47.33 | −0.74% | $199.09B | 12.4 | 9.3 | 1.4 | −0.7% |
| T-Mobile | $165.00 | −0.16% | $177.28B | 17.3 | 13.1 | 1.9 | +7.9% |
| Comcast | $22.86 | −0.31% | $81.37B | 7.4 | 6.6 | 0.7 | −1.2% |
| Charter Communications | $120.80 | −2.07% | $16.62B | 3.2 | 2.8 | 0.3 | −1.7% |
| América Móvil (ADR) | $22.04 | −1.83% | $67.37B | 12.9 | 14.1 | 1.2 | +10.5% |
| Lumen Technologies | $6.44 | −0.31% | $6.66B | — | — | 0.6 | −9.3% |
| Median | 12.4 | 9.3 | 0.9 | −1.0% |