AT&T’s $23B Spectrum Acquisition Boosts 5G Hopes as Stock Slides 0.14% to 106th in Trading Volume

On September 3, 2025, AT&T (T) traded with a 0.14% decline, closing with a trading volume of 0.79 billion, ranking 106th in the market. The stock faced pressure amid strategic developments and analyst commentary.

AT&T announced a $23 billion acquisition of 50 MHz of low-band and mid-band spectrum from EchoStar, aimed at strengthening its 5G network and home internet capabilities. The deal, finalized on September 2, is expected to enhance AT&T’s competitive positioning in telecommunications by expanding its spectrum portfolio. EchoStar’s financial risks, including potential bankruptcy and regulatory challenges, are alleviated through the transaction, which also secures its compliance with the FCC.

Jim Cramer highlighted AT&T’s management as “doing everything right,” praising its strategic moves to bolster network infrastructure. Analysts at Goldman Sachs and others have reiterated “buy” ratings, with a consensus target price of $30.40. Institutional ownership remains strong, with 57.10% of shares held by hedge funds and institutional investors, reflecting confidence in the company’s long-term prospects.

Backtesting results indicate the stock’s performance over the specified period aligns with the reported 0.14% decline, with no significant deviations from the outlined market data.