AT&T Keeps $23 Climb in Focus as Fiber and Buyback Guidance Loom
AT&T Inc. shares traded close to Wednesday’s gain ahead of Thursday’s market open, with the company repeating its focus on fiber growth, the dividend and buybacks. The stock showed at $23.19 just after 8:00 a.m. ET, off 2 cents from Wednesday’s $23.21 close, following a 2.2% rise the day before. Telecom stocks broke higher on a rough day for the broader market. The S&P 500 dropped 1.62% and the Dow lost 1.87% Wednesday, but T-Mobile US jumped 3.39%, Verizon was up 2.56%, and AT&T added 2.20%. AT&T’s story isn’t just about this session’s move—investors are watching to see if they’ll back a company putting big money into defending future cash flow.