What’s Happening With AT&T Stock?

+1.35%
Upside
18.05
Market
18.29
Trefis
T: AT&T logo
T
AT&T

AT&T stock (NYSE:T) has fared pretty well over the last month (about 21 trading days), rising by about 13% compared to the S&P 500 which gained about 3% over the same period. The carrier published a better-than-expected set of Q3 2022 results, with revenue coming in at $30 billion and adjusted EPS standing at $0.68. Although revenue fell year-over-year, due to the divestment of the U.S. Video and Vrio businesses, the core wireless business has been gaining traction driven by improving 5G coverage and promotional activity. AT&T added a net of 708,000 postpaid phone subscribers over the quarter, compared to rival Verizon which lost 189,000 wireless postpaid phone subscribers in its consumer division. Investors are also likely seeing better value in AT&T stock, which currently trades at about 7x consensus 2023 earnings, well below historical levels.

However, now that AT&T stock has seen a rise of about 13% over the last month, will it continue its upward trajectory in the near term, or is a decline imminent? Going by historical performance, there is only a 6% chance of a rise in T stock over the next monthOut of 16 instances in the last ten years that T stock saw a twenty-one-day rise of 13% or more, 1 of them resulted in the stock rising over the subsequent one-month period (twenty-one trading days). This historical pattern reflects 1 out of 16, or about a 6% chance of a rise in T stock over the coming month, implying that the stock may not be a great bet for the near term. See our analysis of AT&T Chance of Rise for more details.

What if you’re looking for a more balanced portfolio instead? Our high-quality portfolio and multi-strategy portfolio have beaten the market consistently since the end of 2016.

Returns Oct 2022
MTD [1]
2022
YTD [1]
2017-22
Total [2]
 T Return 14% -29% -59%
 S&P 500 Return 6% -20% 70%
 Trefis Multi-Strategy Portfolio 2% -25% 197%

[1] Month-to-date and year-to-date as of 10/25/2022
[2] Cumulative total returns since the end of 2016

Relevant Articles
  1. How Will An Expanding Postpaid Phone Business Drive AT&T Stock’s Q1 Results?
  2. Down 50% From 2021, We Think There’s Upside For AT&T Stock
  3. Will AT&T Stock See Gains Post Q2 Results?
  4. At $15, AT&T Stock Appears Oversold
  5. AT&T Stock Held Up In A Tough Market. What Does 2023 Hold?
  6. AT&T Falls 9% In A Month. Will It Recover?

Invest with Trefis Market Beating Portfolios
See all Trefis Price Estimates