AT&T, Inc. (NYSE:T) price on Wednesday, May 09, rose 0.18% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $17.11.
A look at the stock’s price movement, the close in the last trading session was $17.08. The PE ratio in trailing twelve months stood at 9.17. Turning to its 52-week performance, $18.16 and $13.43 were the 52-week high and 52-week low respectively. Overall, T moved 1.24% over the past month.
AT&T, Inc.’s market cap currently stands at around $122.68 billion. The company has a Forward Dividend ratio of 1.11, with its dividend yield at 6.49%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
Analysts have a consensus estimate of 30.03B for the company’s revenue for the quarter, with a low and high estimate of 29.44B and 30.46B respectively. The average forecast suggests up to a 0.30% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 122.74B, representing a 0.30% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that T is a Hold. On the other hand, the stock is on average a 100% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
The technical evaluation for the stock shows the PEG ratio is 7.53, with T’s current price about 2.99% and 0.86% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 57.17, while 7-day volatility ratio is 1.17% and 1.85% in the 30-day chart. Further, AT&T, Inc. (T) has a beta value of 0.57, and an average true range (ATR) of 0.31.
If we refocus on AT&T, Inc. (NYSE:T), historical trading data shows that trading volumes averaged 36.95 million over the past 3 months. The company’s latest data on shares outstanding shows there are 7.17 billion shares.
The 0.11% of AT&T, Inc.’s shares are in the hands of company insiders while institutional holders own 57.98% of the company’s shares. Current price change has pushed the stock 1.97% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the T stock continues to rise going into the next quarter.
