AT&T Shares Rise 2.7% to $28.73
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 23 2026
0mins
Should l Buy T?
Moderately bullish activity in AT&T (T), with shares up 76c, or 2.7%, near $28.73. Options volume relatively light with 41k contracts traded and calls leading puts for a put/call ratio of 0.43, compared to a typical level near 0.63. Implied volatility (IV30) is higher by 1.2 points near 23.53,and below the 52wk median, suggesting an expected daily move of $0.43. Put-call skew flattened, suggesting a modestly bullish tone.
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Analyst Views on T
Wall Street analysts forecast T stock price to fall
15 Analyst Rating
8 Buy
5 Hold
2 Sell
Moderate Buy
Current: 28.640
Low
20.00
Averages
28.27
High
33.00
Current: 28.640
Low
20.00
Averages
28.27
High
33.00
About T
AT&T Inc. is a holding company. The Company is a provider of telecommunications and technology services globally. The Company’s segments include Communications and Latin America. The Communications segment provides wireless and wireline telecom and broadband services to consumers located in the United States and businesses globally. The business units of the Communication segment include Mobility, Business Wireline, and Consumer Wireline. Mobility provides nationwide wireless service and equipment. Business Wireline provides advanced Ethernet-based fiber services, Internet Protocol (IP) Voice and managed professional services, as well as legacy voice and data services and related equipment, to business customers. Consumer Wireline provides broadband services, including fiber connections. Consumer Wireline provides legacy telephony voice communication services. The Latin America segment provides wireless services and equipment in Mexico.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- New Segment Reporting: AT&T plans to implement new segment reporting starting with its Q1 2026 results, which will enhance transparency for investors assessing returns on its 5G and fiber investments, significantly improving financial clarity moving forward.
- Acquisition Opportunities: The acquisition of Lumen's Mass Markets fiber business, completed on February 2, 2026, is expected to add over 1 million fiber internet customers, significantly expanding AT&T's high-value customer base and driving cross-sales of 5G and fiber services.
- Financial Guidance Reaffirmed: AT&T reaffirms its financial and capital return plans for 2026 and beyond, including a commitment to return over $45 billion to shareholders from 2026 to 2028, reflecting strong confidence in future growth prospects.
- Debt Management Strategy: AT&T anticipates its net debt-to-adjusted EBITDA ratio will decline to approximately 3x by the end of 2026, indicating effective measures to reduce leverage post-acquisition while maintaining a consistent approach to capital returns.
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- Enhanced Financial Transparency: AT&T will implement a new segment reporting strategy starting with its first-quarter 2026 results, providing clearer insights into financial returns from investments in advanced connectivity solutions, thereby distinguishing these from its declining legacy segments.
- Guidance Reaffirmation: AT&T reaffirms its adjusted EPS guidance for 2026 at $2.25 to $2.35, exceeding the analyst consensus of $2.21, and anticipates a double-digit three-year CAGR through 2028, reflecting the company's confidence in future growth prospects.
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- New Segment Reporting: AT&T plans to revise its operating segments to better reflect its investments in 5G and fiber services, which is anticipated to improve transparency regarding returns on growth investments, helping the company stand out in a competitive market.
- Significant Acquisition Impact: The first-quarter 2026 results will reflect AT&T's acquisition of Lumen's fiber assets, adding over 1 million fiber internet customers, although the current penetration rate is only 40%, with plans to increase this through enhanced investments.
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- Acquisition Opportunities: The acquisition of Lumen's Mass Markets fiber business, completed on February 2, 2026, is expected to add over 1 million fiber internet customers, significantly expanding AT&T's high-value customer base and driving cross-sales of 5G and fiber services.
- Financial Guidance Reaffirmed: AT&T reaffirms its financial and capital return plans for 2026 and beyond, including a commitment to return over $45 billion to shareholders from 2026 to 2028, reflecting strong confidence in future growth prospects.
- Debt Management Strategy: AT&T anticipates its net debt-to-adjusted EBITDA ratio will decline to approximately 3x by the end of 2026, indicating effective measures to reduce leverage post-acquisition while maintaining a consistent approach to capital returns.
See More
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- Analyst Rating Changes: Top Wall Street analysts have adjusted their outlook on MU stock, indicating varying perspectives on the company's future, which could influence investor decisions and market sentiment.
- Market Reaction Expectations: Although specific rating changes are not detailed in the report, analysts' opinions typically have a direct impact on stock prices, prompting investors to closely monitor these shifts for informed investment choices.
- Lack of Investment Advice: The report notes that Benzinga does not provide investment advice, emphasizing the importance for investors to rely on their own research and analysis rather than solely on analysts' ratings.
- Diverse Information Sources: To gain a more comprehensive view of analyst rating changes, investors are encouraged to visit Benzinga's analyst ratings page for the latest upgrades and downgrades information.
See More
AT&T Updates Multi-Year Growth Strategy at Deutsche Bank Conference
- Growth Strategy Update: AT&T's CFO Pascal Desroches will discuss the company's multi-year growth strategy at the Deutsche Bank Media, Internet & Telecom Conference on March 9, focusing on advancements in 5G and fiber technologies, particularly following the acquisition of Lumen's fiber business, which is expected to drive future revenue growth.
- Enhanced Financial Transparency: AT&T will implement a new segment reporting strategy starting with its first-quarter 2026 results, providing clearer insights into financial returns from investments in advanced connectivity solutions, thereby distinguishing these from its declining legacy segments.
- Guidance Reaffirmation: AT&T reaffirms its adjusted EPS guidance for 2026 at $2.25 to $2.35, exceeding the analyst consensus of $2.21, and anticipates a double-digit three-year CAGR through 2028, reflecting the company's confidence in future growth prospects.
- Shareholder Return Plans: The company expects to return over $45 billion to shareholders from 2026 to 2028 through dividends and buybacks, further enhancing investor confidence and shareholder value.
See More
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- Financial Strategy Update: AT&T's CFO Pascal Desroches will discuss the company's multi-year growth strategy at the Deutsche Bank Media, Internet & Telecom Conference, which is expected to enhance investor confidence in the company's future developments.
- New Segment Reporting: AT&T plans to revise its operating segments to better reflect its investments in 5G and fiber services, which is anticipated to improve transparency regarding returns on growth investments, helping the company stand out in a competitive market.
- Significant Acquisition Impact: The first-quarter 2026 results will reflect AT&T's acquisition of Lumen's fiber assets, adding over 1 million fiber internet customers, although the current penetration rate is only 40%, with plans to increase this through enhanced investments.
- Optimistic Financial Outlook: AT&T reiterates its financial guidance for 2026 and beyond, expecting adjusted EBITDA growth of 3% to 4% and plans to return over $45 billion to shareholders from 2026 to 2028, demonstrating confidence in its future financial health.
See More
Alphabet's Strategic Investment in AST SpaceMobile
- Investment Overview: Alphabet's latest 13F filing reveals a portfolio of 29 stocks, with AST SpaceMobile as its largest public stock investment, holding 8.9 million shares valued at $903 million, indicating a strategic focus on high-growth sectors.
- Early Investment Advantage: Alphabet invested in AST SpaceMobile through convertible notes at $5.75 per share in early 2024, and with the stock price exceeding 130% of the conversion price in 2025, it secured nearly 26 million shares, reinforcing its position in the satellite communications sector.
- Contracts and Market Expansion: AST SpaceMobile has secured contracts with 50 mobile operators serving 3 billion users and received $43 million and $20 million contracts from the U.S. government, showcasing its significant market influence and commercial potential.
- Future Development Plans: AST SpaceMobile aims to launch 45 to 60 satellites by 2026 for continuous coverage across the U.S., Europe, and Japan, projecting $2 billion in revenue by 2028, highlighting its long-term growth strategy.
See More
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- Significant Investment: Alphabet currently holds 8.9 million shares of AST SpaceMobile, valued at approximately $903 million, reflecting its strategic positioning in the space communications sector and confidence in future market potential.
- Satellite Launch Plans: AST SpaceMobile aims to deploy 45 to 60 satellites by the end of the year to achieve continuous coverage in key markets such as the U.S., Europe, and Japan, marking a significant advancement in its commercial operations.
- Government Contracts Secured: The company has secured major contracts with 50 mobile operators and the U.S. government, including a $43 million contract with the Space Development Agency, ensuring its competitiveness and financial backing in the global communications market.
- Strong Financial Position: As of the end of last year, AST SpaceMobile had nearly $2.8 billion in cash and equivalents, with projected revenues of $2 billion by 2028, indicating robust growth potential and investment appeal.
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