AT&T Stock Today (T) – November 20, 2025: Price Action, Fiber Growth Bets, F1 Las Vegas Push and New Options Expiry

AT&T stock price today: T edges higher in a weak market

AT&T shares are trading modestly higher today, even as the broader U.S. market struggles.

Intraday price (approx., 3:40 p.m. ET): $25.60, up about 1.3% on the day. ^[1]
Previous close (Nov 19, 2025): $25.27, after a 1.29% decline yesterday. ^[2]
Day’s range: roughly $25.12–$25.55 so far. ^[3]
52‑week range: $21.38–$29.79, placing today’s move in the middle of its one‑year band. ^[4]
Market cap: about $181 billion. ^[5]
Dividend yield: around 4.3–4.4% on an annual payout of $1.11 per share. ^[6]

Notably, AT&T (ticker T) is up on a day when the S&P 500 is down roughly 2%, as investors rotate out of high‑flying growth and back toward defensive, dividend‑paying blue chips. ^[7]

From a valuation standpoint, AT&T trades at about 8.3x trailing earnings and ~11.8x forward earnings, a discount to the broader market, with Wall Street’s average 12‑month price target sitting around $30.80 (roughly 20% upside from current levels). ^[8]

All the key AT&T news dated November 20, 2025

Here’s a round‑up of the main AT&T‑related headlines published today, November 20, 2025, before we dive into what they may mean for T stock:

“AT&T Bets on Fiber Growth While Verizon Cuts 15% of Workforce” – 24/7 Wall St. ^[9]
“The Tech Rotation Is On and Dividend‑Paying Blue‑Chips Are the Winners” – 24/7 Wall St. (AT&T featured as a top pick) ^[10]
“Connected at Every Turn: AT&T Powers Las Vegas Race Week During F1 Chase” – AT&T / PR Newswire ^[11]
“AT&T Honored for Unwavering Commitment to Connecting Georgians to Greater Possibility” – BusinessWire ^[12]
“AT&T Inc (NYSE:T) S&P Futures Show Digital Service Momentum” – Kalkine Media ^[13]
“July 2026 Options Now Available For AT&T” – Nasdaq / BNK Invest ^[14]
“AT&T Inc. $T Stock Holdings Cut by Wernau Asset Management Inc.” – MarketBeat ^[15]
MarketBeat’s T news feed: multiple institutional‑ownership filings and “Top Telecom Stocks to Watch Now – November 20th” including AT&T. ^[16]

Taken together, today’s news flow reinforces three big themes for AT&T stock:

Operational strategy: fiber‑driven growth and 5G spectrum investment.
Brand & ESG positioning: high‑visibility sponsorships and community awards.
Market structure: new options expiry and steady institutional attention.

Let’s unpack each of these.

Fiber vs layoffs: Why today’s AT&T–Verizon comparison matters for T stock

The most market‑relevant story for AT&T today is the 24/7 Wall St. deep dive comparing AT&T’s Q3 results with Verizon’s. ^[17]

Key points from that analysis and AT&T’s own Q3 release:

Revenue and growth:
- AT&T Q3 2025 revenue: $30.7 billion, up 1.6% year‑over‑year, but slightly below consensus by about $190 million. ^[18]
- Wireless mobility service revenue grew about 2.3% to $16.9 billion. ^[19]
Fiber broadband is the star:
- Consumer fiber broadband revenue jumped 16.8% to $2.2 billion.
- About 41% of AT&T fiber households also take AT&T wireless, supporting CEO John Stankey’s convergence strategy of bundling mobility with home broadband. ^[20]
Free cash flow & buybacks:
- Q3 free cash flow was about $4.9 billion, up from $4.6 billion a year ago.
- AT&T repurchased roughly $1.5 billion of stock in Q3, bringing year‑to‑date buybacks to about $2.4 billion, while still reaffirming guidance for $16+ billion in full‑year 2025 free cash flow. ^[21]

By contrast, Verizon:

Missed revenue expectations by $1.49 billion, reporting $33.82 billion vs. $35.31 billion consensus.
Announced plans to cut 15,000 jobs, roughly 15% of its workforce, as part of a large‑scale restructuring and store franchising push. ^[22]

The takeaway for T stock:

AT&T is playing offense, Verizon defense. AT&T is still investing heavily—especially via its $23 billion EchoStar spectrum deal—to bulk up 5G and mid‑band capacity, while Verizon is cutting costs and staff to defend margins. ^[23]
For investors, today’s narrative frames AT&T as the telecom name leaning into growth via fiber and convergence, rather than retrenching. That helps explain why T is green on a red tape today.

F1 Las Vegas weekend: AT&T uses speed and spectacle to sell the network

AT&T also grabbed headlines this morning with a high‑profile F1 activation in Las Vegas. ^[24]

According to the company’s PR Newswire release:

AT&T is powering data and connectivity for Oracle Red Bull Racing during Las Vegas Grand Prix week, piping telemetry and systems data between the track and the team’s UK operations hub in real time. ^[25]
The company is deploying FirstNet® resources—including satellite cells on trucks and rapid‑deployable units—to support public safety agencies along the 3.8‑mile circuit. ^[26]
A “Speed of Light” immersive light installation on the Strip is designed to showcase speed, data and connectivity for fans on site and on social media. ^[27]

From a stock perspective, this isn’t about immediate revenue. It’s about:

Brand positioning: tying AT&T’s “fast and reliable” narrative to one of the most visibility‑rich sports properties in the world.
Network credibility: demonstrating that its 5G and FirstNet platforms can handle dense, high‑traffic, mission‑critical environments.

In a crowded U.S. wireless market, these big‑ticket partnerships serve as evidence points for AT&T’s claims about network leadership—useful ammunition the next time management markets convergence bundles or premium plans to investors and consumers.

CSR & ESG: AT&T honored in Georgia for “going beyond profit”

In Atlanta, AT&T picked up a 2025 goBeyondProfit Champion Award today, recognizing AT&T Georgia’s efforts to connect communities and bridge the digital divide. ^[28]

The BusinessWire release highlights:

Disaster recovery work via FirstNet and AT&T’s Network Disaster Recovery program, keeping first responders connected during hurricanes and other emergencies.
Connected Learning Centers, laptop distribution and digital skills training aimed at closing the digital divide across the state.
Company programs that encourage employees to volunteer, including a paid day off for community service. ^[29]

This kind of news rarely moves a stock in a single session, but it matters for:

Regulatory and political goodwill in key states.
ESG and “social” scores, which large institutions increasingly follow.
Reinforcing AT&T’s narrative as a critical infrastructure provider, not just a commodity phone company.

For income‑oriented investors eyeing AT&T as a long‑term holding, stronger ESG credentials can support shareholder friendliness and brand resilience over time.

Options traders get a new tool: July 2026 contracts listed

Nasdaq and BNK Invest reported today that July 2026 options on AT&T are now listed, adding a new long‑dated expiry for derivatives traders. ^[30]

The article calls out two example strategies:

Selling the July 2026 $23 put
- Current bid around $1.07 with shares near $25.30.
- Implied cost basis if assigned: about $21.93 per share, roughly a 9% discount to spot.
- If the option expires worthless, the premium represents about 4.65% on committed cash, or ~7.1% annualized, before fees. ^[31]
Writing the July 2026 $26 covered call
- Current bid roughly $1.52 with the stock at $25.30.
- If called away, the trade would generate around 8.8% price + premium return (excluding dividends) over the period, or ~9.2% annualized. ^[32]

For the stock itself, the impact is subtle:

New expirations expand liquidity in AT&T’s options chain.
They give income investors more ways to monetize a slow‑and‑steady position using covered calls and cash‑secured puts.

It’s another small sign that T remains a favorite sandbox for yield‑oriented options traders, thanks to its relatively low volatility (about 23% trailing 12‑month) and high dividend. ^[33]

Institutional flows and ratings: mixed moves, but still a Buy‑rated dividend name

MarketBeat’s update today notes that Wernau Asset Management cut its AT&T stake by about 27% in Q2, trimming holdings to a little over 91,000 shares. ^[34]

However, the same piece and MarketBeat’s broader T news feed highlight:

Vanguard and other large asset managers have been net buyers over recent quarters, including incremental increases in the second quarter. ^[35]
Across Wall Street, AT&T still enjoys a heavily positive rating skew:
- Roughly 1 “Strong Buy,” 17 “Buy,” and 8 “Hold” ratings, with an average target near $30–31. ^[36]

In addition, 24/7 Wall St.’s “tech rotation” piece out today explicitly highlights AT&T as one of six dividend blue chips benefiting from the shift away from high‑multiple AI stocks:

They point to AT&T’s ~4.34% dividend yield, global telecom scale and recurring cash flows.
UBS, cited in the article, has a Buy rating and a $31 price target on T. ^[37]

So while some smaller managers are trimming positions, the big‑picture message is that institutional interest in AT&T remains robust, and the sell‑side still sees upside from today’s price.

Macro backdrop: dividend‑paying blue chips back in fashion

Today’s move in T also sits within a broader market narrative:

AI‑heavy growth indices like the Nasdaq‑100 are under pressure, while investors hunt for lower‑beta, high‑yield names. ^[38]
24/7 Wall St. frames this as a rotation into “old‑economy” dividend blue chips, explicitly naming AT&T alongside companies like Coca‑Cola, P&G and Chevron. ^[39]

On that score, AT&T checks several boxes:

Yield: around 4.3–4.4%, higher than the S&P 500 and above many bond yields. ^[40]
Beta: roughly 0.4–0.6, meaning historically less volatile than the broader market. ^[41]
Defensive cash flows: subscription‑like revenue streams from wireless and broadband. ^[42]

That combination makes T an obvious candidate for investors trying to de‑risk without going entirely to cash or Treasuries.

Fundamentals check: is T’s story backing up the rally?

AT&T’s Q3 2025 numbers and guidance—reiterated in its October earnings release—form the foundation for today’s bullish narratives: ^[43]

Service revenue outlook (2025 full year):
- Consolidated service revenue growth in the low single digits.
- Mobility service revenue growth of 3% or better.
- Consumer fiber broadband revenue growth in the mid‑to‑high teens.
Profitability:
- Adjusted EBITDA growth of 3% or better in 2025, with expectations of faster growth (near 5%) into 2027–2028. ^[44]
Capex & free cash flow:
- 2025 capital investment of roughly $22–22.5 billion.
- Free cash flow targeted in the low‑to‑mid $16 billion range this year, rising to $18–19+ billion by 2027 as the Lumen and EchoStar deals ramp. ^[45]

There is disagreement on what that means for shareholders:

Bulls (including KeyBanc and various Seeking Alpha contributors) argue that:
- Fiber growth and convergence are structurally improving AT&T’s revenue quality. ^[46]
- The stock’s multiple and 4%+ yield undervalue that improving profile.
Skeptics warn that:
- Growth is still modest, and the company’s heavy capex and debt load constrain how much the dividend can grow. ^[47]
- Recent pullbacks after Q3 show how quickly sentiment can flip if AT&T misses on the top line again. ^[48]

Today’s price action doesn’t settle that debate, but it leans toward the bullish interpretation: the market is rewarding stable cash flow, visible fiber momentum and a reasonably covered dividend.

How investors might interpret today’s AT&T setup

This is not financial advice, just a structured way to think about the moving pieces around T stock today.

For income and dividend investors

Pros:
- 4%+ yield, with management signaling a commitment to the current payout. ^[49]
- Improving free cash flow profile as heavy 5G and fiber build‑outs begin to mature. ^[50]
- Rotational tailwind into defensive yield names.
Watch‑outs:
- Any meaningful revenue miss or unexpected capex spike could reopen concerns about dividend growth (or even a future freeze, as some bearish analysis has warned). ^[51]

For traders and options users

Fresh July 2026 contracts open up:
- Longer‑dated covered‑call and cash‑secured put opportunities with mid‑single‑digit to high‑single‑digit annualized “yield boost” potential. ^[52]
AT&T’s moderate volatility and tight trading range make it a classic “income with options overlay” vehicle rather than a turbocharged momentum play. ^[53]

For long‑term total‑return investors

Today’s news flow underscores a coherent strategic story:
- Fiber‑driven convergence,
- Multi‑year spectrum investment,
- Enterprise and FirstNet growth,
- And a conscious push to be seen as a critical, socially responsible infrastructure provider.

The central question is whether you believe mid‑single‑digit EBITDA growth plus a 4% yield—from a telecom with a still‑heavy debt load—is attractive relative to other opportunities.

Bottom line

On November 20, 2025, AT&T stock is quietly outperforming a weak market, helped by:

Fresh coverage highlighting its fiber growth vs. Verizon’s layoffs. ^[54]
High‑visibility branding at the F1 Las Vegas Grand Prix and a new community‑impact award in Georgia. ^[55]
New July 2026 options listings that give traders more ways to generate income around T. ^[56]
Ongoing recognition as a defensive, dividend‑paying blue chip with a Buy‑skewed analyst rating profile. ^[57]

For now, the market seems to be saying: in a choppy, AI‑obsessed tape, slow‑and‑steady cash machines like AT&T still have a place in the portfolio.

Always make sure to cross‑check the latest filings, earnings call transcripts and your own risk tolerance before making any move in T stock.