Analysts Provide Insight Into AT&T, Inc.’s (T) Potential.

AT&T, Inc. (NYSE:T) price on Friday, May 31, rose 1.76% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $17.93.

A look at the stock’s price movement, the level at last check in today’s session was $17.62. The PE ratio in trailing twelve months stood at 9.61. Turning to its 52-week performance, $18.16 and $13.43 were the 52-week high and 52-week low respectively. Overall, T moved 5.97% over the past month.

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AT&T, Inc.’s market cap currently stands at around $128.56 billion. The company has a Forward Dividend ratio of 1.11, with its dividend yield at 6.19%. 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 27.8B for the company’s revenue for the quarter, with a low and high estimate of 27.25B and 28.2B respectively. The average forecast suggests down to a -7.10% 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 113.63B, representing a -7.20% decline 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 100% Buy. 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 7.89, with T’s current price about 3.92% and 5.20% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 66.38, while 7-day volatility ratio is 1.61% and 1.34% in the 30-day chart. Further, AT&T, Inc. (T) has a beta value of 0.57, and an average true range (ATR) of 0.29.

If we refocus on AT&T, Inc. (NYSE:T), historical trading data shows that trading volumes averaged 34.74 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 59.13% of the company’s shares. Current price change has pushed the stock 6.85% 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.

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