Is AT&T Stock Outperforming the Dow?

Dallas, Texas-based AT&T Inc. T is one of North America's largest wireless service providers and leading communications service carriers. With a market cap of $170.3 billion, AT&T operates through Communications and Latin America segments and serves over 240 million people as their carrier.

Companies worth $10 billion or more are generally described as "large-cap stocks," AT&T fits this bill perfectly. Its network, products, services, and people create a world where everything works seamlessly and makes life easier.

AT&T touched its 52-week high of $24.03 in yesterday’s trading session and closed 1.2% below that peak. The stock has surged 16.2% over the past three months, outpacing the Dow Jones Industrials Average’s ($DOWI) 9.2% gains during the same time frame.

AT&T’s performance looks even more impressive over the longer term, as the stock has soared 41.5% on a YTD basis and 41.7% over the past year, outpacing DOWI’s 18.6% gains in 2024 and 23.3% returns over the past 52-week period.

To confirm the bullish trend, AT&T has traded consistently above its 200-day moving average since last year and above its 50-day moving average since early May.

AT&T’s stock surged 4.6% after the release of its Q3 earnings on Oct. 23 as the company’s adjusted EPS of $0.60 surpassed analysts’ estimates by a notable 1.7%. AT&T has continued to exhibit strong 5G and fiber subscriber momentum, with this quarter being its 19th quarter of adding over 200,000 new fiber customers, despite the severe weather and a work stoppage in the Southeast. Although the company’s total operating revenues of $30.2 billion, fell slightly below Wall Street’s expectations due to lower Business Wireline service and Mobility equipment revenues, the company has reaffirmed its full-year consolidated financial guidance. And continues to invest at the top of the industry, reducing debt and growing free cash flow year to date.

AT&T has outpaced its rival Verizon Communications Inc.’s VZ 16.3% gains on a YTD basis and 13.6% returns over the past year.

Among the 25 analysts covering the AT&T stock, the consensus rating is a “Moderate Buy.” As of writing, the stock is trading below its mean price target of $23.74.

On the date of publication, Aditya Sarawgi did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.

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