How to Buy AT&T Stock to Invest in T? Step-by-Step Guide

Buying AT&T stock (NYSE: T) allows you to gain exposure to the growth potential of AT&T, one of the leading companies in the Major Telecommunications industry. The process of buying AT&T stocks involves creating and funding a brokerage account and allocating the amount of funds to T you’re comfortable investing.

One of the most convenient ways to invest in T is to buy AT&T stock on eToro, a leading online trading platform where users can buy, sell, and trade more than 3,000 different stocks.

AT&T’s company profile

NameAT&TSymbolTCEORandall L. StephensonCountryUSTotal Employees246,000SectorCommunicationsIndustryMajor Telecommunications

How to buy AT&T stock in 3 steps

In this article, we will provide a step-by-step guide on how to buy AT&T stock, including creating an account on eToro, choosing the appropriate order type, making a purchase, and keeping track of your investment. With this information, you’ll have the right knowledge and confidence required to start investing in AT&T (T).

  1. Research your AT&T stock investment
  2. Set your investment budget
  3. Buy AT&T stock on eToro

Let’s get started!

1. Research your AT&T stock investment

Before buying T, or any of the other stocks, it is advisable to check the company’s financials to gain a sense of how the recent business results and market trends could impact the price of the stock going forward. In addition to the financials, which can be classified as fundamental factors, you should also pay attention to the stock’s technicals before even thinking of how to invest in AT&T stocks.

AT&T financials

You can check the most important AT&T financials in the chart below (note that TTM stands for “trailing 12 months”):

PE Ratio (TTM)-12.46EPS (TTM)-1.15DIV PS TTM (YIELD)1.36261Outstanding Shares7.15BMarket Cap$ 104.23BAll-time High$ 43.89

AT&T technical data

At the moment, T stock is trading below the 200-day simple moving average (SMA), which is considered a bearsih signal. In addition, the price of AT&T stock is currently below the 50-day SMA, which is a bearsih indicator. Meanwhile, the Relative Strength Index (RSI), a popular market momentum indicator, is at 51.9224, which suggests that T is trading in a neutral zone. All in all, 6 technical analysis indicators signal bullish activity, and 20 signal bearish activity for the T stock.

According to the technical indicators outlined above, the price of AT&T stock is predicted to decrease by -0.82% in the next five days and hit $ 14.46 on Oct 23, 2023.

On a monthly basis, AT&T stock is expected to gain 10.37% and reach $ 16.09 on Nov 19, 2023.

In the medium to long term, AT&T stock could lose -11.37% and trade at $ 12.92 on Apr 19, 2024. In the next year, our stock price prediction algorithm forecasts T to lose -3.95% and reach $ 14.00 on Oct 21, 2024.

Over the next 12 months, AT&T stock is expected to trade at a high of $ 17.28 on Dec 03, 2023, and expected to hit a bottom of $ 12.26 on Jun 16, 2024.

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Today’s T Price$ 14.585-Day T Prediction$ 14.461-Month T Prediction$ 16.096-Month T Prediction$ 12.921-Year T Prediction$ 14.00

2. Set your T investment budget

Before skipping to the section that covers how to buy AT&T shares, you should have a clear plan and a ready-to-execute investing strategy in mind. Otherwise, you risk making emotionally-driven and sudden decisions that could have a detrimental effect on your investing performance.

How much should you invest in T?

The saying “never invest more than you are willing to lose” is a wise piece of advice for anyone considering investing their hard-earned money. Investing always carries some degree of risk, whether you’re putting your money in T, some other stock, gold, or into Bitcoin and other crypto assets.

Let’s take a look at how many T shares you would get if you invested at the current AT&T stock price on eToro of $ 14.58.

InvestmentAmount of T shares$ 10,000685.92$ 5,000.00342.96$ 2,500.00171.48$ 1,000.0068.59$ 500.0034.30$ 100.006.86

What’s AT&T’s stock price?

AT&T stock is currently trading at $ 14.58, up 0.79% over the last 24 hours. In the same time period, $ 28.26M worth of T changed hands on the NYSE New York exchange.

AT&T stock’s last price was $ 14.58, whereas the previous close was $ 14.41.

The price of AT&T stock decreased by -4.24% in the last month. Additionally, AT&T stock’s price increased by 8.23% in the past three months and declined by -3.03% in the past year.

T is changing hands -66.78% removed from its all-time high of $ 43.89, which the AT&T stock reached on Jul 05, 2016.

According to our T historical prices data, the AT&T stock price has decreased by -23.65% since 2005.

Why should you practice portfolio diversification?

Placing all your financial resources in one venture exposes you to significant risk. If that particular asset underperforms and loses its value, you may lose your entire investment. Therefore, it’s wise to spread your investments across multiple assets to reduce the risk of a single failure wiping out your entire portfolio. Diversifying your holdings is one of the best ways to mitigate risk and safeguard your capital.

Which investment strategy should you choose?

Novice investors are recommended to use a simple but proven dollar-cost averaging (DCA) investment strategy, which alleviates the stress of when to buy Apple stock and how much to spend. More experienced investors can try to time the market or engage in technical analysis and use trend lines to become more proficient at entering and exiting positions.

1. Buy AT&T stock on eToro

The process of buying AT&T stock on eToro is very straightforward and can be completed in just a couple of clicks. Thanks to eToro’s beginner-friendly user interface, even beginner investors shouldn’t have any problems purchasing the stock they want.

Step 1: Register an account on eToro

In order to buy AT&T stock on eToro, you first need to register a free account. You will have to enter your preferred username, password, and email address, or signup with your Facebook or Google credentials. Next, you’ll have to provide your real name, address, and other personal information.

In addition, you’ll have to fill out various trading information, including your trading experience, how much you’re willing to invest, what’s your source of income, and more. You’ll have to complete a short quiz designed to test out your trading knowledge as well.

Open eToro Account

Your capital is at risk.

Step 2: Fund your eToro account

Next, you need to deposit funds into your eToro account. The platform supports a number of deposit options, including:

  • Credit/Debit Card (Visa/MasterCard/Maestro)
  • Regular Bank Transfer
  • PayPal (activates after first deposit)
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Users can choose between four different fiat currencies: USD, EUR, GBP, and AUD.

Step 3: Search for the stock you want to buy – AT&T (T)

After completing the account registration process, you can proceed by searching for the stock you want to buy. Simply enter the name or ticker of the stock you want to buy in the search field at the top of the screen. Since we’re buying AT&T stock, you can search either for “AT&T” or the stock ticker, “T”.

Step 4: Make a buy order for AT&T stock

Decide whether to choose a Market or Limit order when buying AT&T stock. Here’s a brief overview of each order type:

Buying T using Market Order: Market orders (called “Trade” on eToro) are used when the investor wants to buy or sell a particular stock or some other asset as quickly as possible without regard to the specific price at which the order is executed.

When a market order is placed, the investor is essentially requesting that their broker execute the trade immediately, at the best available price. This means that the order will be filled as soon as possible, regardless of the price. Market orders are commonly used by traders who need to execute a trade quickly and are willing to accept the current market price.

Buying T using Limit Order: The limit order (called “Order” on eToro) specifies the price at which the investor is willing to buy the stock.

Unlike market orders, which are executed immediately at the current market price, a limit order is executed only when the asset reaches the specified price. This allows traders to set a maximum purchase price or minimum sale price, thereby providing greater control over the trade execution. Limit orders may take longer to execute than market orders, and there is no guarantee that the order will be filled if the specified price is not reached.

How to sell AT&T stock

The process of selling AT&T stock is just as straightforward as buying it – you need to log in to your eToro account, find your AT&T stock position in the portfolio, and click on the “Trade” button.

Next, you have to decide between the market sell order and the limit sell order. The main difference between the two is that with the market order, you’re selling your AT&T stock at the current price, whereas using the limit order allows you to enter the price at which T will be sold automatically once reached.

Here’s a quick step-by-step breakdown of the AT&T stock selling process:

  1. Log in to your eToro account on the eToro website or mobile app.
  2. Go to the “Portfolio” tab.
  3. Find the AT&T stock in your portfolio and click on the “Trade” button next to it.
  4. Switch to the “Sell” tab.
  5. Choose the amount or number of shares you want to sell.
  6. Review the details of the sale, including the current price, market/limit order type, as well as “Stop Loss” and “Take Profit” options.
  7. Click on the “Set Order” button to execute your sell order.

Once you sell your AT&T stock, the corresponding amount of fiat currency will be deposited into your eToro account.

Buying AT&T stock FAQs

Should you buy AT&T stock?

Whether AT&T stock is a good buy depends primarily on your personal investment approach. However, looking at the technical analysis data for AT&T can still help make your decision about buying shares of AT&T easier.

According to the market indicators tracked by CoinCodex, 6 indicators are signaling bullish activity, while 20 are signaling bearish activity.

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Per our algorithmic AT&T stock forecast, T’s price could see a decrease of -0.82% over the next five days and reach $ 14.46 on Oct 23, 2023. In the next month, AT&T stock is forecasted to gain 10.37% and hit $ 16.09 on Nov 19, 2023.

On a longer time horizon, AT&T stock could lose -11.37% and change hands at $ 12.92 on Apr 19, 2024. In the 12-month period, T is expected to lose -3.95% and reach $ 14.00 on Oct 21, 2024.

Should I sell my AT&T stock?

If you are thinking about selling AT&T stock, you should first evaluate the company’s long-term prospects and potential for market growth. Acting on short-term market fluctuations can be costly and goes against the old adage: “Time in the market beats timing the market.”

Here are some pointers you should consider when deciding to sell AT&T stock:

  • Financial performance: Consider market share, revenue growth, earnings, and cash flow
  • Industry and market trends: Evaluate the industry and market trends that are impacting the company and its competitors.
  • Competitive advantage: Look at the company’s products or services, customer base, and brand strength.
  • Valuation: Consider the stock’s valuation and whether it’s trading at a fair price (examine P/E and other important metrics).
  • Dividends: This can be an important factor for investors looking for a source of regular income, and alleviates short-term stock price volatility.
  • Risks: Asses market risks, industry risks, and company-specific risks and how they could impact your portfolio.

Does Apple pay dividends?

Yes, AT&T pays dividends to its shareholders. AT&T’s twelve-month trailing dividend rate is 1.36261.

How much is AT&T’s dividend per share?

In the trailing 12-month period, AT&T’s dividend per share rate was 1.36261, with a dividend yield of 7.08%.

Is AT&T stock overvalued or undervalued?

You can use a range of metrics and analyses to help determine whether AT&T stock is undervalued or overvalued. These may include factors such as the company’s financial performance, earnings growth, price-to-earnings (P/E) ratio, price-to-book (P/B) ratio, and dividend yield.

The relative strength index (RSI), a popular metric that examines a 14-day moving average of a stock’s gains on its up days, in relation to losses on its down days, is one of the most popular ways of assessing whether AT&T stock is overbought or oversold. The RSI is considered overbought when above 70 and oversold when below 30. The current T RSI is 51.9224, suggesting that AT&T stock is neutral.

The investor sentiment for AT&T stock is presently bearish, which could suggest that investors believe that AT&T will drop lower in the near future.

How many AT&T shares are outstanding?

According to AT&T’s latest financial reports, there are 7.15B AT&T shares outstanding.

Outstanding shares refer to the total number of shares of a company’s stock that are currently owned by shareholders, including both institutional and individual investors

What does AT&T company do?

AT&T, Inc. is a holding company, which engages in the provision of telecommunications media and technology service. It operates through the following segments: Communications, WarnerMedia, Latin America and Xandr. The Communications segment provides services to businesses and consumers located in the U.S., or in U.S. territories, and businesses globally. The WarnerMedia segment develops, produces and distributes feature films, television, gaming and other content over various physical and digital formats. The Latin America segment provides entertainment and wireless services outside of the U.S. The Xandar segment provides advertising services. The company was founded in 1983 and is headquartered in Dallas, TX.