Tag: Randall Stephenson

AT&T stock is currently trending downward in today’s trading session. It’s down about 1% as of 11:52 AM ET. The stock fell after HSBC downgraded its rating.

Wall Street expects AT&T to report a 0.6% revenue increase to $182.6 billion in 2020, compared to the expected $181.5 billion in 2019.

Last week, AT&T stock (T) continued its bullish trend. The stock ended the week with a substantial gain of 5.5%. What can you expect next?

Broader markets tumbled yesterday, with the S&P 500 and Dow Jones Industrial Average falling 0.3% and 0.5%, respectively. However, AT&T stock gained 0.8%.

AT&T (T) stock rose 4.3% on Monday. The company reported its third-quarter earnings results before the market bell the same day.

Elliott Management expects AT&T stock to reach $60.0 by the end of 2021 if it adopts the restructuring plan. The stock has a potential upside of almost 60%.

Currently, AT&T is facing increasing pressure from Elliott Management. Reports say the fund has urged the telecom company to restructure its business.

This week, AT&T CEO Randall Stephenson noted that AT&T (T) is on track to reduce its leverage multiple to about 2.5x by the end of this year.

Currently, AT&T has reached parts of 21 cities with its 5G mobile services. The company plans to reach certain parts of 29 cities by the end of this year.

On Tuesday, AT&T announced the appointment of John Stankey as its president and COO—a new position. AT&T stock rose 0.3% and closed at $35.38 on the day.