Rival telecom giant Verizon Communications Inc. (NYSE: VZ) reported a $2 billion loss for its quarter due to a pension adjustment. That being said, investors are already braced to absorb headlines that come out early in the morning showing a deep loss due to the
What will be interesting to see is just how AT&T is treated with a dividend that is very close to 6% and now the highest of the 30 DJIA components. Shares had recovered throughout December and even in the first half of this January.
Analysts have a consensus price target objective of $31.70 and we only see options traders pricing in a move of up to 2% in either direction based upon the put and call options expiring in February.
As far as the share price of $30.21 and the AT&T chart, there is near-term resistance of $30.50 and the 50-day moving average is all the way down at $29.05 and the 200-day moving average is all the way down at $28.89.
JON C. OGG
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