TRAI quant day-trading research

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T — AT&T Inc.

_Last updated 2026-10-30 10:00 ET from report. Screening/research, not investment advice._

Business

US national wireless carrier plus fiber and fixed-wireless home internet. Selling its Mexico wireless business (agreement Oct 13, 2026) (AT&T 8-K Ex. 99.1, 2026-10-21).

Catalysts, guidance & news

  • 2026-10-21 BMO, Q3: revenue $32.3B (+5.3%), adj. EPS $0.65 (vs $0.54), GAAP EPS $0.13 incl. a $2.6B non-cash impairment on the held-for-sale Mexico wireless business. 379k postpaid phone net adds, churn 0.92%, 442k fiber adds. 2026 adj. EPS raised to "the $2.40 range". Net debt $149.8B (up on the EchoStar spectrum close). FCF guide $18B+ for 2026 (AT&T 8-K Ex. 99.1). Prior range $2.25–2.35 per Ad-Hoc-News.
  • PT cuts: Goldman $30→$27 (Buy), Oct 21 (TipRanks/The Fly); MS $25, JPM $31, KeyBanc $33, Barclays $21 (Investing.com, 2026-10-23).
  • 2026-10-22 AMC, SpaceX news: Bloomberg reports SpaceX in talks for ≥80,000 US cell sites, a path to a fourth carrier (Reuters via Investing.com). T −5.7% at ~11:15 ET Oct 23 (Yahoo), after +3.79% on Oct 22 (TRAI). A TD Cowen survey found 52% of AT&T customers would consider Starlink Mobile vs 30% (TMUS) and 23% (VZ) (Rolling Out, 2026-10-09).
  • T−VZ daily spread −3.63 pp on Oct 23, z −3.17 vs 252d (Yahoo daily; report §6.3).

TRAI data (2026-10-23 8:53 AM ET premarket run; daily stats = Oct 22 session)

  • Sector (TRAI): Telecom. Oct 22: +3.79%, relVol 1.15, ATR 3.50%, beta60 -0.33, indicated gap -4.93%, signals: none (TRAI /api/latest).
  • Next earnings: none on file (next = null) (TRAI /api/events, asOf 2026-10-23).
  • Typical earnings reaction (last 4): avg |gap| 4.05% (1.54 ATR), max |gap| 6.53%, gap fill rate 25%, continuation 25%, avg day-1 move in gap direction -0.52% (TRAI /api/events).
  • Recent events: 2026-01-28 BMO: gap +1.83%, day-1 +2.78%, close-close +4.65%, EPS surprise 11.58%; 2026-04-22 BMO: gap -2.82%, day-1 +3.30%, close-close +0.39%, EPS surprise 3.42%; 2026-07-22 BMO: gap +5.03%, day-1 -1.45%, close-close +3.50%, EPS surprise 10.49%; 2026-10-21 BMO: gap -6.53%, day-1 +0.09%, close-close -6.45%, EPS surprise 7.75% (TRAI /api/events).
  • Correlation cluster 10 (avg ρ 0.717, 60d): CMCSA, TMUS, T, VZ (TRAI /api/correlations, asOf 2026-10-22).
  • Highest 60d correlations: VZ 0.90, TMUS 0.84, CMCSA 0.56, NFLX 0.48, PEP 0.37 (TRAI /api/correlations).

Report links

2026-10-30 10:00 update