AT&T (T  ) shares are relatively flat during Tuesday's premarket session. Today, the company revealed its commitment to investing in U.S. telecommunications infrastructure. "Today, we're committing more than $250 billion to increase U.S. connectivity competitiveness and expand access to AT&T's leading fiber and wireless networks - the best way to get on the internet," said John Stankey, Chairman and CEO of AT&T.

AT&T also marks the 150th anniversary of the first phone call and emphasizes its leadership in the telecommunications sector. The investment will focus on building high-speed networks and enhancing resilience, which the company believes is crucial for future innovation and economic growth.

The initiative will include deploying always-on connectivity, investing in workforce training, and securing America's connected economy.

This commitment aims to modernize critical infrastructure and strengthen network resilience, ensuring that communities and businesses can access reliable connectivity for decades to come.

The broader market experienced mixed performance on the previous trading day, with the S&P 500 closing up 0.17%. AT&T's gains come as the Communication Services sector remained flat, indicating that the stock is moving independently of sector trends.

Guidance

AT&T recently reiterated all full-year 2026 and multi-year financial and operational guidance and capital return plans provided earlier.

The company reaffirms its full-year 2026 adjusted EPS of $2.25 to $2.35 in 2026 (versus an analyst consensus estimate of $2.21) and targets a double-digit three-year CAGR through 2028.

The company continues to project adjusted EBITDA growth of 3% to 4% in 2026, then sees that improving to 5% or better by 2028 as gains in Advanced Connectivity more than offset declines in Legacy.

Also, the company continues to expect to send back more than $45 billion to shareholders from 2026 to 2028 through dividends and buybacks.

Technical Analysis

The stock is currently trading 6.1% above its 50-day simple moving average (SMA) and 7.9% above its 100-day SMA, indicating a strong short-term trend. Shares have increased 0.92% over the past 12 months and are currently positioned closer to their 52-week highs than lows.

The RSI is at 50.22, which is considered neutral territory. Meanwhile, MACD is at 0.6269, below its signal line at 0.7622, indicating bearish pressure on the stock.

The combination of neutral RSI and bearish MACD suggests mixed momentum.

  • Key Resistance: $29.00
  • Key Support: $23.50
Earnings & Analyst Outlook

AT&T is slated to provide its next financial update on April 22, 2026.

  • EPS Estimate: 55 cents (Up from 51 cents)
  • Revenue Estimate: $31.21 billion (Up from $30.63 billion)
  • Valuation: P/E of 9.1x (Indicates value opportunity)
Analyst Consensus & Recent Actions: The stock carries a Buy Rating with an average price target of $30.14. Recent analyst moves include:

  • Scotiabank: Sector Perform (Raises Target to $31.00) (Mar. 9)
  • Wells Fargo: Overweight (Lowers Target to $27.00) (Jan. 26)
  • Bernstein: Outperform (Lowers Target to $30.00) (Jan. 16)
Top ETF Exposure

  • State Street Communication Services Select Sector SPDR ETF (XLC  ): 5.02% Weight
  • The Communication Services Select Sector SPDR Fund (XLC  ): 4.30% Weight
  • 6 Meridian Hedged Equity-Index Option Strategy ETF (SIXH  ): 5.07% Weight
Significance: Because T carries significant weight in these funds, any significant inflows or outflows for these ETFs will likely force automatic buying or selling of the stock.

T Price Action: AT&T shares were up 0.40% at $27.64 during premarket trading on Tuesday, according to Benzinga Pro data.