Shares of AT&T Inc (NYSE:T) are up 3.9% at $18.93 at last glance, earlier as high as $19.08, after the telecommunication name's second-quarter earnings report. The company reiterated its full-year forecast and posted mixed results, with earnings beating estimates while revenue came in below expectations. Giving the stock a boost, however, is a reported additional 419,000 wireless phone subscribers with monthly bills, as its higher-priced plan attracted customers.
Today's pop is bringing AT&T stock closer to its July 18, 52-week high of $19.33. The equity is also popping back above the 20-day moving average, which helped guide it to that peak. T is sporting a 12.2% lead for 2024.
The lack of options volume following the earnings event is unusual, though it's still worth noting that the weekly 7/26 19-strike call is seeing the most activity today. Analysts have yet to chime in with any adjustments, either. Currently, 16 of the 30 brokerages in coverage carry a "buy" or better rating on T.
Before you make your next trade, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis.
Our team has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and none of the big name stocks were on the list.
They believe these five stocks are the five best companies for investors to buy now...
See The Five Stocks Here
Just getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.