AT&T ( (T) ) has been popular among investors this week. Here is a recap of the key news on this stock.
AT&T has been receiving positive attention from analysts, with a strong buy consensus rating and a price target of $28.97, indicating a potential upside of 9.2% from current levels. The company’s stock recently saw a 4% increase in pre-market trading following a better-than-expected Q1 revenue report. AT&T’s revenue rose by 2% year-over-year to $30.6 billion, surpassing the consensus estimate of $30.4 billion. The growth was driven by a significant increase in subscriber numbers, particularly in its cellphone plans, which exceeded expectations.
The telecommunications giant also added 324,000 postpaid phone subscribers in Q1, beating the forecast of 255,000, thanks to strategic bundling of 5G and fiber internet plans. AT&T’s fiber broadband unit continued its growth streak, adding 261,000 net subscribers for the 21st consecutive quarter with over 200,000 net additions. Looking forward, AT&T maintains its full-year 2025 guidance, with expectations of low-single-digit service revenue growth and a mid-teens increase in consumer fiber broadband sales. The company also plans to initiate share repurchases in Q2 after achieving its net leverage target.