AT&T Shares Close at $23.44, Below the Prior Close of $23.50

AT&T shares closed below their previous close on Oct. 16 as the company pursued changes to its fiber and Mexico businesses.

At 4 p.m. ET (20:00 UTC), they closed at $23.44, down 0.26% from the $23.50 prior close.

In its Oct. 8 trading session, AT&T shares rose 1.63% to $24.87 and finished above the 50-day exponential moving average while remaining below the 20-day and 200-day averages.

Separately, AT&T completed a $5.75 billion purchase of substantially all of Lumen’s Mass Markets fiber business on Feb. 2. The acquired business had more than 1 million subscribers across more than 4 million fiber locations.

On Oct. 13, AT&T agreed to transfer its Mexico unit to Grupo Televisa and Fintech Holdings in a deal with $2 billion in cash due at closing, subject to adjustments and additional benefits. The sale has not closed. AT&T expects it to close in the first quarter of 2027, subject to customary conditions and any necessary Mexican regulatory approvals.

AT&T Chairman and CEO John Stankey said the planned sale would help the company “focus our capital allocation on opportunities for growth in the vibrant U.S. market.”