AT&T Inc. (T) - Monthly Investment Analysis Report

Publication Date: January 2, 2026

Company Overview

AT&T Inc., headquartered in Dallas, Texas, is a major player in the telecommunications and technology sectors, providing a diverse range of services globally. Established in 1983, AT&T has evolved from its previous incarnation as SBC Communications Inc., rebranding in 2005. The company operates primarily in the Telecom Services industry under the Communication Services sector, which comprises two key divisions: Communications and Latin America.

The Communications segment focuses on delivering wireless voice and data communications, broadband services, and associated products through various retail channels, targeting both residential and business customers. Meanwhile, the Latin America segment offers postpaid and prepaid wireless services in Mexico under the AT&T and Unefon brands. As demand for telecommunications services continues to rise in our increasingly connected world, analysts are optimistic about AT&T's growth potential, reflected in a recommendation to buy. The total revenue stands at approximately $124.48 billion, further underscoring AT&T's significant operational footprint in the industry.

52-Week Price Performance Analysis

52-Week Price Performance Chart

AT&T Inc.'s stock has demonstrated considerable fluctuations over the past year, characterized by significant price movements that investors must closely analyze. Currently trading at $24.655, the stock is notably below its 52-week high of $29.79, while just above its 52-week low of $21.38. This performance illustrates a year marked by volatility.

The stock exhibited a strong uptrend from January through September 2025, peaking around $30 before entering a pronounced downturn beginning in October. The downward trend is evidenced by a 14.48% decline from the recent peak, positioning the stock in a predominantly bearish trend. This behavior suggests that investors should be cautious, as the moving average (currently at $25.0386) is trending downward, reinforcing bearish sentiment and indicating that the current price remains below this average.

Key Price Levels

• Support Levels: Critical support is evident just below $22, which has been tested multiple times over the recent months.
• Resistance Levels: The $28-$30 range has historically acted as a resistance barrier, where the stock faced difficulty in making a decisive breakout.

The most recent price actions indicate a minor consolidation phase, but the persistent inability to break above resistance levels poses potential risks. Investors should monitor whether AT&T can maintain above support or risk a further downturn if the support at $22 is breached.

Financial Performance and Metrics

A closer examination of AT&T's financial health reveals a strong operating foundation. Key financial metrics as of recent reports include:

• Total Revenue: Approximately $124.48 billion, demonstrating robust revenue generation capabilities.
• Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA): Around $44.33 billion, reflecting strong operational efficiency.

The Earnings Per Share (EPS) is projected to be $0.46 for the upcoming earnings report on January 28, 2026, indicating a 14.81% decline from the same quarter last year. However, revenue is expected to grow modestly by 1.41% year-over-year, reaching $32.75 billion.

Despite a tumultuous market performance, the overall financial metrics indicate that AT&T maintains a solid foundation that could provide resilience during market pressures.

Recent News and Developments

Recent news and strategic developments have significantly influenced AT&T's stock performance:

• Stock Movement: On December 17, 2025, AT&T's stock closed at $24.36, marking a 1.2% increase from the previous day's close. Despite this uptick, over the past month, AT&T's stock has decreased by 5.98%, underperforming relative to the broader S&P 500 and the Computer and Technology sectors.

• Analyst Ratings: The analyst community remains active in providing insight into AT&T's potential. Wolfe Research downgraded AT&T from "outperform" to "peer perform" as of December 15, 2025, while KeyCorp upgraded its rating to "overweight" with a price target of $30.00 on November 11, 2025.

• Strategic Acquisition: On August 26, 2025, AT&T announced a significant acquisition of approximately 30 MHz of nationwide 3.45 GHz mid-band spectrum and 20 MHz of low-band spectrum from EchoStar for approximately $23 billion. This strategic move is anticipated to enhance AT&T's capabilities within the 5G landscape, although it is subject to regulatory approvals expected to close in 2026.

Market Sentiment and Analyst Recommendations

Overall market sentiment regarding AT&T remains cautiously optimistic. Analysts recommend a "buy," with a consensus rating of 1.88, suggesting bullish sentiment from a diverse group of 23 analysts. The analyst price targets range from a low of $26.00 to a high of $34.00, reflecting a mean target price of approximately $30.12.

Given that the current stock price is $24.655, investors might find an attractive buying opportunity, especially considering the potential upside indicated by the analysts' targets.

Summary of Market Sentiment:

• Current Stock Price: $24.655
• Target High Price: $34.00
• Mean Price Target: $30.12
• Target Low Price: $26.00
• Analyst Recommendation: Buy

Conclusion

AT&T Inc. showcases a compelling investment opportunity amidst a challenging market landscape. While the stock has experienced bearish performance recently, its steady revenue base, strategic acquisitions, and positive analyst ratings suggest potential for growth. As the telecommunications sector evolves, AT&T's positioning remains strong, making it a worthwhile consideration for retail investors seeking stability and growth in a volatile environment.

Investors should remain vigilant, monitoring key price levels, upcoming earnings reports, and analyst recommendations to navigate their investment strategy effectively. With the predicted upward trajectory in mind, AT&T's stock could represent substantial upside potential for the discerning investor.