AT&T Slips to 111th in Liquidity Despite Fiber Expansion and 5G Gains

On August 4, 2025, AT&T (T) closed with a 0.25% decline, trading on $0.83 billion in volume, a 22.91% drop from the previous day’s activity. The stock ranked 111th in market liquidity. Despite recent weakness, the company has outperformed broader technology and communications sectors over the past year, driven by growth in fiber broadband and 5G infrastructure. AT&T added 243,000 net fiber subscribers in Q2, expanding its network to 30 million locations, with a long-term target of 60 million by 2030. Strategic acquisitions, including Lumen’s fiber connectivity business, and legislative support via the One Big Beautiful Bill Act are accelerating its broadband expansion. Collaborations with Ericsson on RAN automation and AST SpaceMobile for satellite coverage further position AT&T to enhance rural connectivity and reduce vendor dependency.

Challenges persist, however. Intensifying competition from T-Mobile and Verizon threatens AT&T’s market share. T-Mobile’s recent acquisition of US Cellular added 4 million customers, while Verizon’s Frontier Communications deal bolsters its fiber footprint. AT&T’s Business Wireline segment faces declining revenues due to shifting demand from legacy services to IP-based solutions. Earnings estimates for 2025 have edged higher by 0.49% over 60 days, but valuation metrics suggest the stock trades at a 12.83 forward P/E—above its five-year average but below industry peers. Analysts highlight a balanced growth-risk profile, with a Zacks Rank #3 (Hold) reflecting cautious optimism amid macroeconomic uncertainties.

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