Shares of AT&T (T -0.58%) plummeted this morning after Discovery Communications officially closed on the deal to acquire WarnerMedia from the telecom giant, creating a new company called Warner Bros. Discovery. AT&T's stock was down by 19.2% as of 11:08 a.m. ET. So what
Full Answer
What is the highest AT&T stock price ever?
Historical daily share price chart and data for AT&T since 1984 adjusted for splits. The latest closing stock price for AT&T as of November 26, 2019 is 37.40. The all-time high AT&T stock closing price was 59.19 on July 16, 1999. The AT&T 52-week high stock price is 39.70, which is 6.1% above the current share price.
What is the average annual stock price change for AT&T?
AT&T Historical Annual Stock Price Data Year Average Stock Price Year Open Year High Annual % Change 2021 29.6888 29.4400 32.6300 1.63% 2020 31.0698 38.8600 39.3700 -26.41% 2019 33.9290 29.5400 39.6300 36.93% 2018 33.3052 38.5400 39.1600 -26.59% 28 more rows ...
What is AT&T's 52-week low stock price?
The AT&T 52-week low stock price is 23.96, which is 1.1% below the current share price. The average AT&T stock price for the last 52 weeks is 28.52.
Why did AT&T’s shares plunge today?
Shares of AT&T (T -19.10%) plummeted this morning after Discovery Communications officially closed on the deal to acquire WarnerMedia from the telecom giant, creating a new company called Warner Bros. Discovery.
Why att stock dropped?
AT&T stock fell on Tuesday after it announced plans to spin off WarnerMedia to shareholders as a precursor to its merger with Discovery (DISCA). The annual dividend of T stock will fall by about 46% to $1.11 per share as a result of the move, the telecom company said.
What is the future of AT&T stock?
At current levels of around $21 per share, AT&T stock trades at just about 8x projected 2022 earnings, which is reasonable, considering the steady growth and margin improvement prospects for its core wireless business. We value AT&T stock at about $28 per share, which is roughly 35% ahead of the current market price.
What happens to my AT&T stock in a merger?
AT&T shareholders do not need to take any action. Their WarnerMedia Spinco shares will automatically be exchanged for WBD common stock in the merger, which will occur on the closing date of the transaction.
Why did AT&T reduce dividends?
A dividend reduction was part of the move. AT&T stock's total dividend payment was $2.08 per share in 2021, before the WarnerMedia split, with the stock yielding north of 8%. The company was booted from the Dividend Aristocrats index because it didn't increase its dividend last year.
Is AT&T a buy sell or hold?
AT&T has received a consensus rating of Hold. The company's average rating score is 2.44, and is based on 8 buy ratings, 10 hold ratings, and no sell ratings.
Is T still a buy?
AT&T stock should not be bought right now given that the stock is still below AT&T's current buy point. While the stock is just 2% below the current buy point, investors want to prioritize stocks that have seen growth of at least 25% in earnings and sales in recent quarters. T stock currently falls far below that.
Is AT&T a safe stock?
AT&T's Poor Dividend Safety Grade Notably, the D rating assigned to AT&T results in a substantial amount – 47%. As I wrote in How Our Dividend Grades Averted 99% Of Dividend Cuts, reliable payouts are a top priority for income investors, and in this inflationary environment, dividend stocks are golden.
What years did AT&T stock split?
ATT spun off Lucent and NCR in 1996, went through a 3-for-2 stock split in 1999, split off ATT Wireless in 2001, then ATT Broadband spun off and merged with Comcast in 2002. ATT had a 1-for-5 reverse stock split in 2002, then merged with SBC on November 18, 2005.
Is AT&T stock going to split?
AT&T Time Warner Split Off AT&T shareholders will control 71% of the combined company, with $10s of billions of freed debt from the parent company. This will result in roughly 0.24 shares per current AT&T shareholder. Based on Discovery's current share price, that's roughly $6.13 / share in asset value per AT&T share.
Did AT&T stop paying dividends?
As part of its plan to spin off its interest in WarnerMedia, AT&T's board approved a post-close annual dividend of $1.11 per share, down 46% from $2.08 per share prior to the split. All told, AT&T expects to spend about $8 billion a year on dividend payouts.
How much is AT&T cutting their dividend?
AT&T (ticker: T) joined this club on Tuesday, when it said it expects that its annual dividend will be $1.11 a share, down sharply from $2.08 in 2021, after its planned spinoff of its WarnerMedia assets as part of a deal with Discovery (DISCA) that is expected to close in the second quarter.
Where does ATT make most money?
communications segmentKey Takeaways. AT&T offers telecommunications, media, and technology services. Its communications segment generates most of its revenue and profits.
What happened
Shares of AT&T ( NYSE:T) reached the half-year mark of 2018 down 17.4%, according to data provided by S&P Global Market Intelligence .
So what
AT&T stock climbed at the beginning of February thanks to better-than-expected fourth-quarter earnings and promising guidance. However, the gains were short lived, and the stock gave up all of its post-earnings gains in the next day of trading amid a broader market sell-off.
Now what
AT&T's share price has dipped a roughly 2% more since the beginning of July, with sell-offs coming on the heels of recent news that the DOJ would be challenging the Time Warner merger ruling in appeals court.
What happened
Shares of AT&T ( T 2.93% ) fell on Tuesday after the telecom titan said it would cut its cash payout to shareholders following the planned spinoff of its WarnerMedia business.
So what
AT&T will merge its media operations, including its fast-growing HBO Max streaming service, with Discovery ( DISCA ) ( DISC.B 0.39% ) ( DISCK 1.74% ). The $43 billion transaction will create a powerful competitor to Netflix and Disney in the streaming arena.
Now what
The spinoff is an acknowledgment that AT&T's $85 billion purchase of Time Warner in 2018 has failed to deliver the profit growth management expected at the time. Yet the deal will help to make AT&T a more streamlined company.
When did the stock market get boosted?
The market was further boosted at the end of 2017 and into the beginning of 2018 by the Republican tax cut package Trump signed into law at the end of last year.
How much has the Dow Jones lost?
Since the beginning of the year, the Dow Jones Industrial Average has lost about 10 percent of its value, as did the S&P 500. The Nasdaq dropped roughly 8 percent. The vast majority of losses have come since October, when the stock market, which was experiencing the longest bull run in history, took a turn for the worst.
Why is the Federal Reserve tightening its monetary policy?
That reduces liquidity in the market, creating obstacles for obtaining credit and loans — factors that could slow down the global economy.
Did Trump spare any country from the tariffs?
In May, Trump decided not to spare any country –including U.S. allies — from the steel and aluminum tariffs. The trade war, which has centered on China, continued to escalate until Trump and China’s President Xi Jinping agreed earlier this month to hold off on imposing new tariffs for 90 days.
Is the stock market an economy?
The stock market is not the economy. It’s worth remembering that there is a fundamental difference between economic indicators like the unemployment rate and the stock market. The economic indicators are backwards looking; they tell us what the unemployment rate was in the last few weeks or months.
Is the stock market forward looking?
The stock market, in contrast, is forward looking; investors are always trying to guess what is going to happen next and how it might affect a company and its profitability. “It’s human nature to think about the economy in good or bad terms,” said Sonders.
Is the Dow Jones Industrial Average overvalued?
The Dow Jones Industrial Average index had tripled since the low of the Great Recession. Some stock watchers warned companies were overvalued. The Shiller price to earnings ratio — a statistic that compares a company’s earnings to its number of shares and is sometimes used as a way ...
What happened
Shares of AT&T ( T 0.46% ) fell 5.8% on Tuesday as shareholders reacted to the likelihood of substantially reduced cash payouts from the media titan following the pending spinoff of its WarnerMedia business.
So what
AT&T announced on Monday that it intends to merge its WarnerMedia assets with Discovery to create a new streaming-focused company. In return, AT&T stands to receive $43 billion, which it will use to reduce its sizable debt load.
Now what
Skeptics have long questioned whether AT&T could continue to support such a high dividend, particularly after its debt load exploded to more than $180 billion following its acquisition of Time Warner in 2018. These concerns were reflected in AT&T's dividend yield of over 7%, which is well above rival telecom titan Verizon 's 4.4% yield.
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