AT&T Inc. (NYSE:T) currently has a daily average trading volume of 34.92M but it saw 102758192 shares traded on Thursday. With a market cap of 109.90B USD, stock’s current market price of $15.15 came falling about -5.02 while comparing to the previous closing price of $15.95. In past 52 weeks, the stock remained buoying in the range of price level as high as $21.53 and as low as $14.46. In the recent trading on the day, stock has struck highest price mark of $15.67 while lowest mark touched by it was $15.00.
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Taking a look at 20-day trading activity of AT&T Inc. (T) gives us an average price of $16.76, while its current price level is -29.63% below from 52-week high level whereas it is 4.77% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $18.03 while that of 200 days or SMA-200 reads an average of $18.13. A closer look into the stock’s movement over the week reveals that its volatility is standing at 2.17% during that period while stretching the period over a month that decreases to 1.65%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 19.41 which implies that the stock is in oversold territory.
AT&T Inc. (T)’s stock is currently under the radar of 27 analysts who are in consensus at a 12-month price target range of between $9.00 and $25.00 for company’s shares. The average price target assigned by the average number of analysts to a stock is a way to gauge worth of any stock in next 52 weeks. And in assigning price target to a stock, some analysts adopt a bearish approach by advocating lower-than-average price target which in this case is $9.00 while some adopt bullish approach by assigning higher-than-average price target which reads the price to top $25.00. Average price target assigned by them is $20.60 which highlights an upside potential of 26.46% for the stock over that period. And to attain the median price target of $21.50 assigned by those analysts, stock has to add about 29.53% of value to its current levels.
Data by FactSet Research shows that 27 analysts have issued their ratings for the stock. 3 of them are in opinions that stock is a Sell, while 1 are advising it as an Overweight. 9 analysts suggested the investors to Buy the stock while 13 advised them to Hold. Recommendations by all of those brokerages imply a consensus rating of Hold for the stock and that issued by Wall Street to investors is Moderate Buy.
Over the week, T’s stock price is moving -8.46% down while it is -11.92% when we observe its performance for the past one month. Year-to-date it is -17.71% down and over the past year, the stock is showing a downside performance of -28.40%.
The latest quarterly earnings report issued by the company was for quarter ended 3/30/2023, when its quarterly earnings per share (EPS) of $0.6 beat the consensus estimate of $0.58 for the same. The company is expected to be releasing its next quarterly report in 07/26/2023, for which analysts forecasted an EPS of $0.6 while estimate for next year EPS is $2.43. For T, analysts are forecasting an EPS-growth rate of -5.40% for current year and estimate for EPS growth in next year is 2.50%. In next quarter, company is expected to be making quarterly sales of $30.36 billion as analysts are expecting the sales for current fiscal year at $122.11 billion and seeing the company making $123.5 billion in sales next year. Moreover, analysts are in estimates of $30.03 billion for current-quarter revenue.
Currently, AT&T Inc.’s total number of outstanding shares is 7.17B with 0.08% of that held by the insiders while 55.65% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at -3.60% and return on equity (ROE) at -8.50%. It has a 6.09 of forward P/E ratio. Stock’s beta reads 0.63. Stock has a price to book (P/B) ratio of 1.09 while price to sale or P/S ratio amounts to 0.91. Its return on asset (ROA) is -2.20% on average.
A filing at the U.S. Securities and Exchange Commission revealed that Vanguard Total Stock Market ETF came shrinking its share ownership by 0.34% in the AT&T Inc. (T) increasing its stake to 3.11% with control over 0.75 million shares in the company. As per SEC documents, Vanguard Total Stock Market ETF sought 221,679,466 of company’s common stock of worth $3.92 billion as per recent closing price of the stock. Vanguard Total Stock Market ETF is not the only institutional holder which restructured its stake in AT&T Inc., as Vanguard 500 Index Fund picked 167,306,578 shares of worth $2.96 billion to bring its holdings to a total of 0.89 million shares. In the most recent quarter, Fidelity 500 Index Fund came rising its stake by 0.95% in the company and now holds 78.87 million or 1.11% of the company’s stake having worth of about 1.39 billion.
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