AT&T Rallies 4% as Telecom Bulls Take Control

$AT&T Inc(T)$

AT&T Inc. (T) Jumps +4.30%: Telecom Giant Reclaims Key Resistance, Targets $28.72

Latest Close Data

Closed at $26.21 (ET Feb 1), up +4.30% ($1.08). Now sits 12% below its 52-week high of $29.79.

Core Market Drivers

Positive market sentiment toward high-dividend, stable cash flow stocks provided a tailwind. The stock's attractive ~4.24% dividend yield continues to draw income-focused investors amidst ongoing sector consolidation chatter.

Technical Analysis

Volume of 78.2M shares (Volume Ratio 1.26) confirms strong buying interest.
The MACD (DIF: 0.03, DEA: -0.23, MACD: 0.53) has just crossed above zero, signaling a potential shift from bearish to bullish momentum.
The 6-day RSI at 84.5 indicates the stock is in overbought territory, suggesting a near-term pullback is possible.

Key Price Levels

Primary Support: $24.81 (Recent swing low).
Strong Resistance: $26.21 (Today's close & immediate test level). A sustained break above could open path to $27.
Immediate Pivot: $26.00 (Psychological & intraday support).

Valuation Perspective

TTM P/E of 8.62 and Forward P/E of 11.40 remain below the historical average of 9.65, indicating the stock is still reasonably valued relative to its own history.

Analyst Targets

26 analysts have an average price target of $28.72 (Upside ~9.6%). Sentiment is bullish with 7 Strong Buy, 9 Buy, 10 Hold, and 2 Underperform ratings.

Weekly Outlook

Expect consolidation between $25.50 and $27.00 after the strong move. A decisive close above $26.50 could target the $27.50-$28.00 zone. A break below $25.14 (today's low) may signal a retreat toward $24.81 support.

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