Major Outages Hit AT&T, Verizon, and T-Mobile, Affecting Over 540,000 Users
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Source: seekingalpha
- Outage Timing: Starting at 9 AM ET on Wednesday, major mobile networks AT&T, Verizon, and T-Mobile experienced nationwide outages, peaking around 11 AM ET, disrupting communication services for many users.
- User Impact: According to Downdetector, Verizon logged over 540,000 outage reports, while AT&T and T-Mobile had approximately 4,700 and 5,150 reports respectively, indicating a widespread impact on users.
- Network Dependency: The outages not only affected the major carriers but also impacted networks like Boost Mobile, Cricket, and Consumer Cellular, which rely on AT&T's cell towers, exacerbating user inconvenience.
- Management Changes: Verizon's new CEO is implementing a cost-cutting plan that will cut over 13,000 jobs, which may affect the company's future service quality and network stability.
Analyst Views on T
Wall Street analysts forecast T stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for T is 30.94 USD with a low forecast of 28.00 USD and a high forecast of 34.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
14 Analyst Rating
10 Buy
4 Hold
0 Sell
Moderate Buy
Current: 23.300
Low
28.00
Averages
30.94
High
34.00
Current: 23.300
Low
28.00
Averages
30.94
High
34.00
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.
