Reading the tape
NYSE: T
AT&T Inc.
Communication Services · Telecommunications Services
Market Cap
$174.82B
52w High
$29.79
52w Low
$22.95
P/E
8.24
Volume
29.15M
Outstanding Shares
6.95B
Price vs Fundamentals
Why The Stock Is Moving
Mixed / unclearLow confidence
1Y Price: -8.41%Revenue (TTM): 2.92%FCF (TTM): -10.98%P/FCF: 68th pct
What changed
The stock fell 8.41% over the last year. Revenue grew 2.92% over the trailing twelve months. Operating margin moved from 19.5% to 19.35%. Free cash flow declined 10.98% over the trailing twelve months.
What the market seems to be pricing
The stock has moved lower against modestly weakening underlying metrics. The operating data does not yet tell a clear story — the move may reflect sentiment, sector rotation, or macro factors rather than company-specific earnings power.
What would invalidate this read
Operating margin currently stands at 19.35%. A decisive move in revenue — currently up 2.92% — would be the clearest signal to resolve the ambiguity.
Company profile
AT&T Inc. provides telecommunications, media, and technology services worldwide.
CEOJohn T. Stankey
SectorCommunication Services
IndustryTelecommunications Services
Employees139,970
IPO dateNov 21, 1983
Valuation
Forward P/E—
EV/EBITDA6.10
Enterprise value$333.83B
Stock splits
Apr 11, 2022↑ Forward
Every 250 shares became 331
Mar 20, 1998↑ Forward
Every 1 shares became 2
May 26, 1993↑ Forward
Every 1 shares became 2
May 26, 1987↑ Forward
Every 1 shares became 3
Profitability & growth
Revenue growth2.87%
Gross margin79.66%▲85.75%vs FY2024
Operating margin19.35%▼3.03%vs FY2024
ROE19.8%▲88.79%vs FY2024
Analyst consensus
RatingHold
Target price$29.42▲16.93%
27
Buy
30
Hold
5
Sell
Analyst ratings tend to be lagging indicators. Use as one signal among many.
Earnings
Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.
Next report
Jul 22, 2026
Q3 FY26 · EPS est $0.59 · Revenue est $31.78B
View
Dividends
$1.11/shareQuarterly3yr growth streakSafeT pays a dividend with a 4.41% dividend yield, 3 consecutive years of growth, covered 2.4× by free cash flow.
Dividend Yield
4.41%
Annual Div / Share
$1.11
5yr CAGR
-11.8%
Dividend has been cut
Payout Ratio
37.84%
Safe
Dividend Growth Rate
3yr CAGR
+0%
5yr CAGR
-11.8%
10yr CAGR
-5.23%
Dividend Safety
10/10Safe
Dividend History
Annualized dividend cycles per share
YearAnnual DivYoY
2026$1.11+0.0%
2025$1.11+0.0%
2024$1.11+0.0%
2023$1.11-39.6%
2022$1.84-11.7%
2021$2.08+1.0%
2020$2.06+2.0%
Income Projection
Invest
$
Growth rate:
Reinvest dividends
Today
$44/yr
$4/mo
In 5 yrs
$44/yr
$4/mo
In 10 yrs
$44/yr
$4/mo
| Today | In 5 yrs | In 10 yrs |
|---|---|---|
$44/yr $4/mo | $44/yr $4/mo | $44/yr $4/mo |
Analysis
Dividend Strengths
Well-covered by free cash flow
The dividend is covered 2.4× by free cash flow, indicating the company generates sufficient cash to sustain and potentially grow the payout without straining its finances.
Risks to Watch
Dividend has been reduced
The 5-year dividend CAGR of -11.8% is negative, indicating the payout has been cut over this period.
Congressional Activity
Congress Trades in T
STOCK Act disclosures from senators and representatives.
John Fetterman
PAsenateDemocratSale2026-03-27$1,001 - $15,000+7d to disclose
Mark Alford
MOhouseRepublicanSale (Partial)2026-03-16$1,001 - $15,000+15d to discloseMark Alford
MOhouseRepublicanSale Partial2026-03-16$1,001 - $15,000+15d to disclose