Think You Need A Good Stock? Look At This AT&T, Inc. (NYSE: T) Analysis

AT&T, Inc. (NYSE:T) traded at $17.40 at close of the session on Friday, May 17, made an upward move of 0.58% on its previous day’s price.

Looking at the stock we see that its previous close was $17.30 . The company has a trailing 12-month PE ratio of 9.32. 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 gained about 6.55% over that past 30 days.

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AT&T, Inc. has a market cap of $124.76 billion. With its Forward Dividend at 1.11 and a yield of 6.38%, 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 $30.46 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 $122.74 billion, or 0.30% up from figures reported last year.

On the other hand, looking at the outlook for the T stock, short term indicators assign the stock an average of Hold, while medium term indicators assign it an average of 75% Buy. Long term indicators on average place the stock in the category of 100% Buy.

Looking further, we note that the PEG ratio for the T stock currently stands at 7.65, and the current price level is 2.75% off its SMA20 and 2.35% from its 50-day simple moving average. The RSI (14) is pointing at 63.81 while the volatility over the past week is 1.09% and jumps to 1.62% over the past one month. The beta value is 0.57, while the average true range (ATR) is currently pointing at 0.25.

Coming back to AT&T, Inc. (NYSE:T), we note that the average 3-month trading volume was 35.67 million. Current shares outstanding are 7.17 billion.

The insiders hold 0.12% of the company’s shares while institutions hold 59.06%. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock 3.69% up in year-to-date price movement.

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