AT&T, Inc. (NYSE:T) traded at $16.75 at close of the session on Friday, April 26, made an upward move of 1.03% on its previous day’s price.
Looking at the stock we see that its previous close was $16.58 . The company has a trailing 12-month PE ratio of 8.98. In terms of its 52-week price range, T has a high of $18.16 and a low of $13.43. The company’s stock has lost about -4.56% over that past 30 days.
AT&T, Inc. has a market cap of $119.81 billion. With its Forward Dividend at 1.11 and a yield of 6.63%, the company’s investors could be anxious for the T stock to gain ahead of the earnings release. Estimates by analysts give the company expected earnings per share (EPS) of $0.57, with the EPS growth for the year raised at $2.22 for 2024 and $2.29 for next year. These figures represent -7.90% and 3.20% growth in EPS for the two years respectively.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $30.03 billion, with a low of $29.44 billion and a high of $30.45 billion. The median projection represents growth squeezing down to 0.30% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2024 is expected to hit $122.93 billion, or 0.40% up from figures reported last year.
There have been 3 upward and — downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the T stock, short term indicators assign the stock an average of 50% Sell, while medium term indicators assign it an average of 50% Buy. Long term indicators on average place the stock in the category of 50% Buy.
Looking further, we note that the PEG ratio for the T stock currently stands at 7.37, and the current price level is -0.39% off its SMA20 and -1.21% from its 50-day simple moving average. The RSI (14) is pointing at 49.69 while the volatility over the past week is 2.98% and jumps to 1.93% over the past one month. The beta value is 0.56, while the average true range (ATR) is currently pointing at 0.35.
Coming back to AT&T, Inc. (NYSE:T), we note that the average 3-month trading volume was 38.27 million. Current shares outstanding are 7.15 billion.
The insiders hold 0.11% of the company’s shares while institutions hold 58.10%. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock -0.18% down in year-to-date price movement.
