T - AT&T Inc.

NYSE - NYSE Delayed Price. Currency in USD
+0.17 (+0.44%)
At close: 4:03PM EST

38.62 +0.01 (0.03%)
After hours: 4:25PM EST

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Previous Close38.44
Bid38.62 x 3100
Ask38.59 x 4000
Day's Range38.31 - 38.67
52 Week Range29.67 - 39.70
Avg. Volume29,969,662
Market Cap276.834B
Beta (5Y Monthly)0.58
PE Ratio (TTM)20.43
Earnings DateN/A
Forward Dividend & Yield2.08 (5.41%)
Ex-Dividend DateJan 08, 2020
1y Target EstN/A
  • WarnerMedia's new streaming service HBO Max is coming to YouTube TV, along with HBO & Cinemax

    WarnerMedia's new streaming service HBO Max is coming to YouTube TV, along with HBO & Cinemax

    WarnerMedia and YouTube TV today announced a distribution deal that will bring HBO and Cinemax to the Google-owned live TV streaming service for the first time as well as, notably, WarnerMedia's new service HBO Max, set to launch this spring. Alternately, they'll be able to opt for HBO Max's expanded streaming service instead.

  • HBO Max to join YouTube TV lineup
    American City Business Journals

    HBO Max to join YouTube TV lineup

    The deal is part of a larger expansion of the existing carriage agreement between WarnerMedia and YouTube TV.

  • Barrons.com

    AT&T Pulls Out of RSA Conference on Coronavirus Concerns

    AT&T is the latest major tech company to pull out of the cybersecurity event on concerns about the potential spread of novel coronavirus.

  • Verizon Stock Picture Unclear With 5G Wireless Spectrum Issues
    Investor's Business Daily

    Verizon Stock Picture Unclear With 5G Wireless Spectrum Issues

    Verizon built its powerful brand around the quality of its wireless network. If Verizon stock is going to retain bragging rights with 5G wireless services, it's going to need more bandwidth.

  • Is Verizon Stock A Buy? How 5G Wireless, T-Mobile-Sprint Merger Matter
    Investor's Business Daily

    Is Verizon Stock A Buy? How 5G Wireless, T-Mobile-Sprint Merger Matter

    Fundamental and technical analysis raise issues in buying Verizon stock, usually a dividend play. Potential 5G wireless growth and T-Mobile's purchase of Sprint also matter for VZ stock.

  • MoneyShow

    A Portfolio for Steady Dividends

    Investors looking for income from their investments generally want that income to be paid regularly throughout the year, suggests Beth Piskora, vice president of editorial at CFRA Research in the firm's industry-leading newsletter The Outlook.

  • Exclusive: Inside FiscalNote's turbulent 2019 and its CEO's plans for 2020
    American City Business Journals

    Exclusive: Inside FiscalNote's turbulent 2019 and its CEO's plans for 2020

    FiscalNote continues to have a strong product line, but it faced some financial struggles in 2019, according to several sources familiar with the company. Here's what its founder and CEO says is next for the D.C. startup.

  • Can David Tepper Aid Intelsat (I) to Rebound From 2-Year Low?

    Can David Tepper Aid Intelsat (I) to Rebound From 2-Year Low?

    Intelsat (I) seems to have found a savior in David Tepper as his hedge fund firm scooped up more than 2% shares in the firm.

  • Is T-Mobile Stock A Buy? With Sprint Merger Cleared, Challenges Lie Ahead
    Investor's Business Daily

    Is T-Mobile Stock A Buy? With Sprint Merger Cleared, Challenges Lie Ahead

    T-Mobile stock popped following a federal judge's ruling approving the Sprint merger. Here is what fundamental and technical analysis says about buying T-Mobile ahead of the merger closing.

  • Reuters

    Merged T-Mobile US to close valuation gap on Big Two - Deutsche Telekom CEO

    The merger between T-Mobile US and Sprint is within reach, the head of its main owner Deutsche Telekom said, forecasting that the combined business would quickly close a valuation gap on market leaders AT&T and Verizon. Highlighting the positive market reaction after a New York judge last week dismissed a lawsuit brought by more than a dozen U.S. states trying to block the deal, CEO Tim Hoettges said the 'new' T-Mobile would have a market value of around $120 billion.

  • TheStreet.com

    History of AT&T: Timeline and Facts

    From the start of the telephone, AT&T; has managed to remain a part of the landscape in America for over 100 years

  • Can Telecom ETFs Gain on Mixed Q4 Earnings Results?

    Can Telecom ETFs Gain on Mixed Q4 Earnings Results?

    We study the impact of a few big earnings releases in the telecommunications industry on ETFs with decent exposure to these companies.

  • HBO’s John Oliver has strong words for those who oppose ‘Medicare for All’

    HBO’s John Oliver has strong words for those who oppose ‘Medicare for All’

    Oliver, born in the U.K. but an American citizen, spent most of his return from break this weekend in support of Medicare-for-all, which has been a central platform for candidates Bernie Sanders and Elizabeth Warren.

  • Dish Network Is a Speculative Play Ahead of Wireless Changes

    Dish Network Is a Speculative Play Ahead of Wireless Changes

    If you look at its fundamentals, Dish Network (NASDAQ:DISH) may seem a dumb place to park new money.Source: Jonathan Weiss / Shutterstock.com A few months ago, so was Sprint (NYSE:S).By that I mean that, if you want to buy DISH stock, you buy it as an arbitrage play. While Dish is a dying business, facing mammoth capital requirements, it could easily be bought by this time next year.InvestorPlace - Stock Market News, Stock Advice & Trading TipsDISH stock opened for trade Feb. 18 at $39.89 per share. That's a year-to-date gain of 16%. It has a market capitalization of $21.5 billion. But it's 6% below its most recent peak -- one it hit in July 2019. Five years ago, Dish was trading at $75 per share. What's the Deal?Dish Network began life in the 1980s as EchoStar Communications. It was one of two direct satellite broadcasters. The other is DirecTV, now part of AT&T (NYSE:T).As consumers began rejecting satellite, and other forms of cable, for streaming services, Dish rolled out Sling TV, a "cable-lite" package delivered online, in 2015. Since 2015, Dish has continued to shed customers, but Sling has hung in there, gaining 214,000 subscribers in the third quarter of 2019. * 9 Food and Restaurant Stocks to Dine In On But that's not the point, my friend. Dish has been a regular entrant in the Federal Communications Commission spectrum auctions throughout the decade. It has put $20 billion into wireless spectrum now estimated to be worth $30 billion.For years, however, Dish has been a "spectrum hoarder," refusing to build out services on what it owns. Early in its fight to buy Sprint, T-Mobile (NASDAQ:TMUS) even urged the FCC to take the spectrum away from Dish for that reason.But the two companies are now on better terms. That's because in July, Dish agreed to pay $5 billion for key T-Mobile assets, including Boost, Sprint's re-sale business. The deal helped pave the way for T-Mobile's merger with Sprint to be completed. Is Dish for Sale?Dish Network CEO Charles Ergen may be the richest man you never heard of. His stake in Dish was estimated to be worth $10.5 billion last year.Ergen is litigious, and often gets into arguments with his union. He may have also bit off more than he can chew with T-Mobile.Dish still hasn't built out its spectrum, which will cost $10 billion. If it doesn't get that done by 2025 it faces fines of $2.2 billion. Ergen is also 66 years old, young for a presidential candidate but old for a CEO. Which is why many feel the next step for Dish should be its sale.Who would buy it? Comcast (NASDAQ:CMCSA) has gotten nowhere with its Xfinity wireless service, which is based on the side bands of its own customers' WiFi signals. Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL) is a re-seller of T-Mobile and Sprint services with its Google Fi. It could buy Dish for what amounts to seat cushion money. So could Apple (NASDAQ:AAPL).As wireless services continue to consolidate around AT&T, Verizon Communications (NYSE:VZ) and the T-Mobile and Sprint tie-up, many expect prices, for customers and re-sellers, to deteriorate.This is the last mile for the major cloud companies, the key connection they need with customers during this coming decade. They won't let the sun go down on it. The Bottom Line on Dish StockDish Network hasn't said it's for sale. But it is.Dish lacks the financial strength to compete in the wireless business. But there are buyers who would see AT&T and Verizon not just as peers, but as mere irritations. Comcast is nearly as valuable as they are. Google is worth about twice what the two wireless giants are, put together. Apple's worth $400 billion more than that.One of these companies is likely to make Charles Ergen a very rich man in the next few years. With earnings tomorrow, you can speculate on getting a share of it.Dana Blankenhorn has been a financial and technology journalist since 1978. His latest book is Technology's Big Bang: Yesterday, Today and Tomorrow with Moore's Law, essays on technology available at the Amazon Kindle store. Follow him on Twitter at @danablankenhorn. As of this writing he owned shares in AAPL. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 9 Food and Restaurant Stocks to Dine In On * 7 Micro-Cap Stocks That Could Double * 7 U.S. Stocks to Buy on Coronavirus Weakness The post Dish Network Is a Speculative Play Ahead of Wireless Changes appeared first on InvestorPlace.

  • MarketWatch

    Facebook cancels global marketing summit because of COVID-19 concerns

    Facebook Inc. is the latest tech company to pull the plug on an event because of COVID-19. "Our priority is the health and safety of our teams, so out of an abundance of caution, we cancelled our Global Marketing Summit due to evolving public health risks related to coronavirus," a Facebook spokesman said in an email to MarketWatch late Friday. The marketing summit was to take place next month in San Francisco. Previously, Facebook dropped out of Mobile World Congress, one of the largest and best-known telecommunications conferences in the world, for the same reason, leading to the show's cancellation. Among other companies to drop out of MWC out of health concerns were AT&T Inc. , Intel Corp. , Sony Corp. , and Amazon.com Inc. [s:AMZN]. Late Friday, International Business Machines Corp. said it was skipping the RSA security conference in San Francisco later this month because of COVID-19.

  • AT&T’s regional sports networks draw disappointing bids – and may not get sold, report says
    American City Business Journals

    AT&T’s regional sports networks draw disappointing bids – and may not get sold, report says

    Could AT&T’s regional sports networks not get sold off after all? The telecommunications and media company didn’t get what it wanted in an auction for its group of four sports channels covering markets around Seattle, Denver, Pittsburgh and Houston, according to a report in the New York Post, which cited sources. While AT&T Inc. (NYSE: T) received multiple bids for what are called “regional sports networks” or RSNs, all of them came in around or below $500 million, short of expectations estimated to be approximately $1 billion, the story said.

  • Huawei Scare Pushes Carriers to Tackle Dominance of 5G Suppliers

    Huawei Scare Pushes Carriers to Tackle Dominance of 5G Suppliers

    (Bloomberg) -- With the U.S. campaign against Huawei Technologies Co. threatening to disrupt the rollout of 5G wireless networks, phone carriers are joining forces to develop technology that can reduce their reliance on a handful of powerful equipment suppliers.The Chinese company dominates the European market for telecommunications gear, ahead of Ericsson AB of Sweden and Finland’s Nokia Oyj. Governments are weighing whether to follow the U.K. and limit Huawei’s share of 5G networks over concerns -- denied by the company -- that it represents a security risk.If they do, it could knock the progress of 5G off course: The big three have designed a lot of their wireless gear so it can’t easily be integrated in the same network, much like an electric toothbrush only works with its own brush heads. So building 5G with Nokia or Ericsson kit on top of Huawei 4G infrastructure is fraught with complexity and costs.Companies including Deutsche Telekom AG and Vodafone Group Plc have decided to combine separate projects to develop a more standardized, flexible network architecture that would make it easier for carriers to use products from multiple vendors, according to people familiar with the matter.Under the plans, the O-RAN industry alliance, backed by Deutsche Telekom and AT&T Inc. among others, will align its work with the Telecom Infra Project, which was started by Facebook Inc. and is supported by several phone companies, said the people, who asked not to be named as the plans aren’t yet public.The industry is pursuing the efforts with greater urgency partly because they’re alarmed by the prospect of restrictions on Huawei in more markets such as Germany, one of the people said. The U.K.’s decision to limit Huawei’s share of broadband infrastructure already led BT Group Plc to predict a 500 million-pound ($650 million) hit to its finances.The carriers were planning to announce the O-RAN/TIP initiative at the wireless industry’s biggest annual showcase in Barcelona next week, before it was canceled due to the coronavirus outbreak, the people said. An announcement could instead come as early as this week.O-RAN’s goal from the start has been to “invite in more players with new ideas to help make the network stronger and more secure,” said Deutsche Telekom spokeswoman Pia Habel. She declined further comment.A spokeswoman for TIP declined to comment. A representative for O-RAN could not immediately be reached for comment.Negotiating PowerEnsuring that antennas, switches and other gear from competing suppliers can communicate seamlessly may also make it harder for any vendor -- Ericsson and Nokia included -- to clinch contracts just because the customer already uses its equipment. That could strengthen the negotiating position of carriers in contracts for 5G networks that are set to cost the industry hundreds of billions of dollars.AT&T has said it wants to replace the proprietary software that Nokia, Ericsson and Huawei use to run their wireless network gear with an open software.Vodafone has begun issuing small contracts for OpenRAN, an initiative backed by TIP to standardize radio access network hardware and software. CEO Nick Read said in October that Vodafone was “ready to fast track it into Europe as we seek to actively expand our vendor ecosystem.”O-RAN began in 2018 as a lobbying and research effort to make the radio access network -- the largest part of a wireless system -- more transparent and inter-operable. TIP is a broader project involving hundreds of companies working across all elements of networks.O-RAN and TIP may already be changing the economics of the industry and giving newer players more room. It’s now possible to design a “virtual” wireless network, which uses standardized, open-source software in conjunction with hardware from different vendors.Rakuten Inc. is using such technology to roll out a virtual network in Japan. U.S. satellite broadcaster Dish Network Corp., a member of the O-RAN alliance, aims to build a 5G network along similar lines.Ericsson and Nokia, reluctant to pick a fight with their biggest customers, have publicly welcomed O-RAN and TIP. Ericsson has joined O-RAN, while Nokia supports TIP and has been helping Rakuten build the Japanese network.Nokia Chief Executive Officer Rajeev Suri said in April last year it’s “better to be involved than not,” although he didn’t expect the model to be replicated in other parts of the world.\--With assistance from Thomas Seal, Angelina Rascouet, Niclas Rolander and Scott Moritz.To contact the reporters on this story: Stefan Nicola in Berlin at snicola2@bloomberg.net;Rodrigo Orihuela in Madrid at rorihuela@bloomberg.net;Natalia Drozdiak in Brussels at ndrozdiak1@bloomberg.netTo contact the editors responsible for this story: Thomas Pfeiffer at tpfeiffer3@bloomberg.net, Jennifer RyanFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Facebook cancels San Francisco summit on coronavirus fears

    Facebook cancels San Francisco summit on coronavirus fears

    Facebook Inc said on Friday it had canceled its global marketing summit scheduled for next month in San Francisco due to coronavirus-related risks. "Out of an abundance of caution, we canceled our global marketing summit due to evolving public health risks related to coronavirus," a company spokesman said. Earlier this week, Mobile World Congress (MWC), the annual telecoms industry gathering in Barcelona, was canceled after a mass exodus by exhibitors on coronavirus fears.

  • A&T and AT&T embrace “a nice marriage” for workforce development
    American City Business Journals

    A&T and AT&T embrace “a nice marriage” for workforce development

    Greensboro's N.C. A&T; State University is the first HBCU to join an effort whereby telecom behemoth AT&T; incentivizes employees to pursue master's degrees.

  • AT&T’s cable channels getting less love ahead of the big HBO Max launch, research says
    American City Business Journals

    AT&T’s cable channels getting less love ahead of the big HBO Max launch, research says

    The number of streaming-commissioned titles jumped to more than 70 percent at the end of 2019, the research shows.

  • Dealmakers, Beware: A ‘52-Headed Monster’ Is Watching

    Dealmakers, Beware: A ‘52-Headed Monster’ Is Watching

    (Bloomberg Opinion) -- The anything-goes world of megamergers under President Donald Trump has encountered new resistance. More than a dozen U.S. states sued to stop T-Mobile US Inc.’s takeover of Sprint Corp. and failed when a judge ruled against them this week. But their unusual effort to step in as de facto antitrust regulators in the era of a lax Trump administration — and the fact that the case was seen as such a close call — is sure to unnerve other dealmakers who may be contemplating their own controversial mergers and acquisitions. The Department of Justice and the Federal Communications Commission are the main regulatory bodies that deal-hungry telecommunications CEOs must appease to get their transactions over the antitrust hurdle. (Other industries may have to answer to the Federal Trade Commission.) But the states have emerged as one more powerful group to worry about. In the T-Mobile-Sprint matter, state attorneys general from around the country, led by New York and California, demonstrated a willingness to go beyond the convention of securing one-off concessions for their own constituents when a deal raises concerns. Instead, if regulators drop the ball, the states are prepared to team up and take companies to court, with proceedings that could potentially stretch on for months — and time is money. With the DOJ, FCC and now the states, it’s become “a three-headed monster,” said John Stephens, AT&T Inc.’s chief financial officer. “Or maybe a 52-headed monster, I should say,” he added, speaking during a post-earnings phone interview on Jan. 29, before the Sprint ruling.District Judge Victor Marrero ultimately ruled in favor of the wireless carriers this week, rejecting the states’ arguments that the merger will lead to higher prices for consumers and that wireless newbie Dish Network Corp. won’t become a viable competitor capable of replacing Sprint. The deal, which the companies expect to close by April, will shrink the number of U.S. national wireless carriers from four to three, a level of market concentration that was taboo under previous administrations.On the one hand, the ruling has the potential to open the floodgates for other megamergers that traditionally would have been considered off-limits. To use a hypohetical, take Dish and AT&T’s DirecTV: They compete in providing satellite-TV service to U.S. households, and both parties have said in the past that there would, in theory, be benefits to putting the businesses together, if not for the regulatory hurdles. (AT&T executives have since said they aren’t planning to sell DirecTV.) But just as T-Mobile and Sprint successfully argued that their industry is different now thanks to changing technologies, satellite providers could make that claim, too. Even so, the states’ persistence in the Sprint matter may make some would-be dealmakers think twice about how far they’re willing to go to get a transaction across the finish line. Keeping with the Dish-DirecTV example, those are precisely the kinds of well-known brands that the states could go after in a merger fight. And if it weren’t for the states, T-Mobile and Sprint would have had the major regulatory approvals they needed wrapped up months ago; FCC Chairman Ajit Pai gave his blessing back in May, and the Justice Department cleared the deal in July. As the battle with the states dragged on, Sprint’s market value shrank, its business deteriorated, and now T-Mobile wants to renegotiate the price it pays Sprint’s shareholders. In a bit of irony, the Federal Trade Commission said Tuesday that it’s looking into whether past purchases by U.S. technology giants such as Amazon.com Inc., Google and Facebook Inc. that slipped by regulators’ radars were, in fact, anticompetitive. The FTC’s announcement — part of the ongoing scrutiny of the power wielded by Big Tech — came hours after the ruling for T-Mobile’s acquisition of Sprint, one of the most anticompetitive megadeals in the tech sphere.Letitia James, the New York attorney general who led the T-Mobile-Sprint opposition, said in response to Tuesday’s court decision that while she disagrees with the outcome, the states “will continue to fight the kind of consumer-harming megamergers our antitrust laws were designed to prevent.” Think she means it?To contact the author of this story: Tara Lachapelle at tlachapelle@bloomberg.netTo contact the editor responsible for this story: Beth Williams at bewilliams@bloomberg.netThis column does not necessarily reflect the opinion of Bloomberg LP and its owners.Tara Lachapelle is a Bloomberg Opinion columnist covering the business of entertainment and telecommunications, as well as broader deals. She previously wrote an M&A column for Bloomberg News.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Need extra cash? Why this industry offers big bucks for biz referrals
    American City Business Journals

    Need extra cash? Why this industry offers big bucks for biz referrals

    Telecommunication companies operating across Orlando offer cash for client referrals, with one firm offering up to $25,000 per referral, as companies jockey for business clients in a competitive environment.

  • Sprint-T-Mobile Merger: Creating Long-Term Shareholder Value

    Sprint-T-Mobile Merger: Creating Long-Term Shareholder Value

    Sprint shares skyrocket on T-Mobile merger approval Continue reading...