What's Going On With AT&T Shares
Portfolio Pulse from Henry Khederian
AT&T Inc. (NYSE:T) shares are trading higher by 2.8% to $15.37 in sympathy with Verizon Communications Inc. (NYSE:VZ) after Verizon reported better-than-expected Q3 financial results and issued guidance. AT&T shares also gained last week after the company reported better-than-expected Q3 financial results. Verizon's sales decreased by 2.6% YoY to $33.34 billion, surpassing the expected consensus of $33.25 billion.
October 24, 2023 | 2:05 pm
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POSITIVE IMPACT
AT&T shares are trading higher following Verizon's better-than-expected Q3 results and its own strong Q3 results.
AT&T's stock price is rising due to the positive financial results reported by both AT&T and Verizon. This indicates a positive market sentiment towards telecom companies.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Verizon's shares are likely to be positively impacted by its better-than-expected Q3 results.
Verizon's better-than-expected Q3 results indicate strong performance, which is likely to boost investor confidence and positively impact the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100