AT&T Stock (T) Slides Nearly 3% in Morning Trade: What Investors Are Watching
Shares of telecom giant AT&T Inc. (NYSE: T) experienced a significant pullback in morning trading today, reflecting broader market sentiment or company-specific factors influencing investor decisions. As of 11:25 AM EDT, the stock was trading at $25.63, marking a decrease of $0.76, or -2.88%, for the session.
The stock opened the day at $26.09, slightly below its previous close of $26.39. Throughout the morning, AT&T shares navigated a volatile path, reaching an intraday low of $25.20 while failing to surpass the opening price, setting the day’s range thus far between $25.20 and $26.09. The price movement indicates considerable selling pressure following the market open.
Trading volume reached over 20.5 million shares by late morning, tracking towards its average volume of approximately 44.1 million shares, suggesting active participation from traders and investors reacting to the price movement.
Despite the intraday dip, AT&T maintains a substantial market capitalization of roughly $183.87 billion. Key metrics investors often monitor include its P/E ratio (TTM) standing at 17.14 and an EPS (TTM) of 1.49. The stock is also known for its dividend, currently yielding approximately 4.17% based on a forward dividend of $1.11, with the next ex-dividend date noted as April 10, 2025.
The current price sits comfortably within the stock’s 52-week range of $15.94 – $29.03, although today’s downward move pushes it further from the upper end of that spectrum. Analysts maintain a 1-year target estimate for AT&T stock at $27.77, suggesting potential upside from the current trading level.
