$T Wakes Up, and the Yield Still Pays
$AT&T Inc(T)$
AT&T (T) Surges +4.40%: Telecom Giant Reclaims $25, Bullish Momentum Confirmed
Latest Close Data
Closed at $25.13 on 2026-01-29, up +4.40% (+$1.06). The stock is now within striking distance of its recent resistance, about 15.6% below its 52-week high of $29.79.
Core Market Drivers
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Strong buying interest was evident with a volume ratio of 1.37, indicating above-average activity.
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The telecom sector saw renewed investor focus on stable, high-yield assets.
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The company's robust 4.42% dividend yield continues to attract income-focused capital.
Technical Analysis
Volume surged to 73.26M shares, supporting the breakout. The MACD histogram turned sharply positive to +0.268, signaling a strong bullish momentum shift. The 6-day RSI jumped to 77.16, indicating strong buying pressure, though approaching overbought territory.
Key Price Levels
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Primary Support: $24.43 (today's low & recent consolidation floor)
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Strong Resistance: $24.81 (previous resistance, now broken; next target is $26.00)
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Immediate Pivot: $25.13 (today's close; holds as new support)
Valuation Perspective
TTM P/E stands at 8.16x, significantly below the historical forward P/E average of 9.62x, suggesting the stock remains undervalued relative to its own earnings trajectory.
Analyst Targets
26 analysts have an average price target of $28.49 (approx. +13% upside). Sentiment is bullish with 7 Strong Buy, 9 Buy, 10 Hold, and 2 Underperform ratings.
Weekly Outlook
Expect consolidation near $25. A sustained close above $25.50 could target the $26.00-$26.50 range. Failure to hold $24.80 may see a retest of $24.00 support.
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