AT&T, Inc. (NYSE:T) price closed lower on Friday, April 12, dropping -0.67% below its previous close.
A look at the daily price movement shows that the last close reads $16.42. The company’s P/E ratio in the trailing 12-month period read 8.31. Taking into account the 52-week price action we note that the stock hit a 52-week high of $19.99 and 52-week low of $13.43. The stock subtracted -5.12% on its value in the past month.
AT&T, Inc., which has a market valuation of $116.66 billion. The company stock has a Forward Dividend ratio of 1.11, while the dividend yield is 6.81%. It is understandable that investor optimism is growing ahead of the company’s current quarter results.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give T a short term outlook of 50% Buy on average. Looking at the stock’s medium term indicators we note that it is averaging as a 50% Buy, while an average of long term indicators are currently assigning the stock as 25% Buy.
If we dive deeper into the stock’s performance we see the positive picture represented by the PEG ratio, currently standing at 11.65. The overview shows that T’s price is at present -5.24% off the SMA20 and -4.93% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 30.51, with weekly volatility standing at 1.54%. The indicator jumps to 1.50% when calculated based on the past 30 days. AT&T, Inc. (NYSE:T)’s beta value is holding at 0.55, while the average true range (ATR) indicator is currently reading 0.29. An analysis of the AT&T, Inc. (NYSE:T) stock in terms of its daily trading volume indicates that the 3-month average is 38.44 million.
Current records show that the company has 7.15B in outstanding shares. The insiders’ percentage holdings are 0.11% of outstanding shares while the percentage share held by institutions stands at 58.04%. But the -2.80% downside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.
