Business description: AT&T Inc.

AT&T Inc. is one of the leading American telecommunication operators. The activity is organized mainly around two areas:

- mobile telephony;

- fixed telephony and cable services: local and long-distance telephony services. The group also offers broadband Internet access, e-mail, and satellite television.

Net sales break down by source of income between sales of services (80.5%), and sales of equipment (19.5%).

Net sales are distributed geographically as follows: the United States (95.7%), Mexico (3.5%), Europe (0.3%), Asia-Pacific (0.3%), Latin America (0.1%) and other (0.1%).

Number of employees: 133,030

Sales by Activity: AT&T Inc.

Fiscal Period: December 2021 (USD) 2022 (USD) 2023 (USD) 2024 (USD) 2025 (USD)

Communications - Mobility

78.25B 81.78B 83.98B 85.26B 89.48B

Latin America

2.75B 3.14B 3.93B 4.23B 4.38B

Communications - Business Wireline

23.94B 22.54B 20.88B 18.82B 17.23B

Communications - Consumer Wireline

12.54B 12.75B 13.17B 13.58B 14.18B

Unallocated Value Portfolio

- 489M 380M 338M 259M

Unallocated Securitization Fees

- 65M 85M 116M 115M

Unallocated DTV-Related Retained Costs

- 8M - - -

Eliminations and Consolidations

-3.63B - - - -

Corporate

1.26B - - - -

Unallocated Parent Administration Support

- -32M -7M -2M -1M

Video

15.51B - - - -

Latin America - Vrio

2.61B - - - -

Warnermedia

35.63B - - - -

Geographical breakdown of sales: AT&T Inc.

Fiscal Period: December 2021 (USD) 2022 (USD) 2023 (USD) 2024 (USD) 2025 (USD)

United States

152B 116B 117B 117B 120B

Mexico

3.04B 3.21B 3.99B 4.29B 4.43B

Asia/Pacific Rim

2.64B 592M 521M 462M 395M

Europe

6.08B 584M 504M 441M 382M

Other

870M 132M 119M 116M 114M

Latin America

- 217M 194M 149M 110M

All Other Latin America

3.12B - - - -

Brazil

1.49B - - - -

Executive Committee: AT&T Inc.

Manager TitleAgeSince
Chief Executive Officer 63 30/06/2020
Director of Finance/CFO 62 31/03/2021
Chief Tech/Sci/R&D Officer 57 21/04/2022
Chief Operating Officer 55 21/04/2022
Investor Relations Contact - 31/12/2023

Composition of the Board of Directors: AT&T Inc.

Director TitleAgeSince
Director/Board Member 66 23/09/2010
Director/Board Member 73 31/01/2013
Director/Board Member 64 27/06/2013
Director/Board Member 71 26/09/2013
Chairman 69 20/01/2021
Chairman 63 13/02/2025
Director/Board Member 69 31/10/2019
Director/Board Member 63 24/06/2021
Director/Board Member 50 29/02/2024
Director/Board Member 56 31/08/2025

Shareholders: AT&T Inc.

NameStocks%Valuation
Vanguard Capital Management LLC
6.545 %
454,765,528 6.545 % 11 278 M $
BlackRock Advisors LLC
6.129 %
425,851,271 6.129 % 10 561 M $
4.545 %
315,804,934 4.545 % 7 832 M $
Newport Trust Co LLC
2.583 %
179,474,938 2.583 % 4 451 M $
Geode Capital Management LLC
2.519 %
175,017,151 2.519 % 4 340 M $
NameStocks%Valuation
PNC Wealth Management LLC
7.118 %
3,416,793 7.118 % 67 M $
Franklin Templeton SinoAm Securities Investment Mgmt, Inc
0.1167 %
56,017 0.1167 % 1 M $
Lawrence W. Kelly & Associates, Inc.
0.0788 %
37,800 0.0788 % 740 124 $
Manulife Investment Management (Taiwan) Co. Ltd.
0.0292 %
14,004 0.0292 % 274 198 $
Ethos Financial Group LLC
0.0224 %
10,750 0.0224 % 210 485 $
NameStocks%Valuation
Itaú Unibanco Asset Management Ltda.
0.000896 %
186,696 0.000896 % 2 M $
Caixa DTVM SA
0.000346 %
72,200 0.000346 % 590 652 $
NameStocks%Valuation
Uniplan Investment Counsel, Inc.
0.2302 %
161,172 0.2302 % 3 M $
Roanoke Asset Management Corp.
0.0336 %
23,500 0.0336 % 433 810 $
Capital Investment Trust Corp.
0.0192 %
13,468 0.0192 % 248 619 $
ORG Partners LLC
0.000714 %
500 0.000714 % 9 230 $
Russell Investments Canada Ltd.
0.000639 %
447 0.000639 % 8 252 $

Holdings: AT&T Inc.

NameStocks%Valuation
6,260,4402.1% 710 M $

Company details: AT&T Inc.

AT&T, Inc.

208 South Akard Street

75202, Dallas

+210 821 4105

http://www.att.com
address AT&T Inc.(T)

Group companies: AT&T Inc.

NameCategory and Sector
GigaPower LLC
AT&T Global Network Services Hong Kong Ltd.
AT&T Telecom Holdings S de Rl de CV
Packaged Software
Movies/Entertainment

Other Wireless Telecommunications Services

Change 5-day change 1-year change 3-year change Capi.($)
+2.06%+3.10%-23.18%+38.95% 146B
-4.39%-8.13% - - 2,005B
+10.65%+2.82%+141.06%+278.94% 202B
+2.02%+2.90%-18.01%+35.22% 196B
-0.52%+2.46%+13.30%+30.06% 65.77B
-1.32%+1.36%+31.34%+74.30% 33.67B
+12.62%+11.55%+36.19%+55.86% 30.16B
+0.42%+1.83%-7.36%+35.39% 20.27B
+1.76%-0.65%+6.72%+30.98% 17.75B
-1.56%-4.55%+1,436.59%+1,251.93% 16.91B
Average +2.19%-1.15%+179.63%+203.51% 273.38B
Weighted average by Cap. -2.02%-4.66%+67.00%+133.81%
Trader
Investor
Global
Quality
ESG MSCI
A
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
26
Last Close Price
21.04USD
Average target price
29.50USD
Spread / Average Target
+40.21%

Quarterly revenue - Rate of surprise

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