AT&T, Inc. (NYSE:T) price closed higher on Friday, May 03, jumping 0.18% above its previous close.
A look at the daily price movement shows that the last close reads $16.82. The company’s P/E ratio in the trailing 12-month period read 9.03. Taking into account the 52-week price action we note that the stock hit a 52-week high of $18.16 and 52-week low of $13.43. The stock subtracted -4.10% on its value in the past month.
AT&T, Inc., which has a market valuation of $120.82 billion. The company stock has a Forward Dividend ratio of 1.11, while the dividend yield is 6.59%. It is understandable that investor optimism is growing ahead of the company’s current quarter results. Analysts tracking T have forecast the quarterly EPS to grow by 0.57 per share this quarter, while the same analysts predict the annual EPS to hit $2.22 for the year 2024 and up to $2.29 for 2025. In this case, analysts estimate an annual EPS growth of -7.90% for the year and 3.20% for the next year.
On average, analysts have forecast the company’s revenue for the quarter will hit $30.03 billion, with the likely lows of $29.44 billion and highs of $30.46 billion. The average estimate suggests sales growth for the quarter will likely rise by 0.30% when compared to those recorded in the same quarter in the last financial year. Staying with the analyst view, there is a consensus estimate of $122.77 billion for the company’s annual revenue in 2024. Per this projection, the revenue is forecast to grow 0.30% above that which the company brought in 2024.
On the technical perspective front, indicators give T a short term outlook of Hold 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 50% Buy.
If we dive deeper into the stock’s performance we see the positive picture represented by the PEG ratio, currently standing at 7.41. The overview shows that T’s price is at present 1.23% off the SMA20 and -0.56% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 51.18, with weekly volatility standing at 1.48%. The indicator jumps to 1.92% when calculated based on the past 30 days. AT&T, Inc. (NYSE:T)’s beta value is holding at 0.57, while the average true range (ATR) indicator is currently reading 0.33.
An analysis of the AT&T, Inc. (NYSE:T) stock in terms of its daily trading volume indicates that the 3-month average is 37.19 million.
Current records show that the company has 7.17B in outstanding shares. The insiders’ percentage holdings are 0.11% of outstanding shares while the percentage share held by institutions stands at 57.95%. But the 0.42% upside, 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.
