How Does AT&T, Inc.’s (NYSE: T) Short-Term Prospect Look Like?

AT&T, Inc. (NYSE:T) traded at $17.86 at close of the session on Monday, June 10, made a downward move of -1.33% on its previous day’s price.

Looking at the stock we see that its previous close was $18.10 . The company has a trailing 12-month PE ratio of 9.57. In terms of its 52-week price range, T has a high of $18.45 and a low of $13.43. The company’s stock has gained about 3.96% over that past 30 days.

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AT&T, Inc. has a market cap of $128.06 billion. With its Forward Dividend at 1.11 and a yield of 6.22%, 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.

There have been no upward and no 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 100% Buy, while medium term indicators assign it an average of 100% 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 7.86, and the current price level is 1.39% off its SMA20 and 4.05% from its 50-day simple moving average. The RSI (14) is pointing at 56.01 while the volatility over the past week is 1.55% and jumps to 1.61% over the past one month. The beta value is 0.56, while the average true range (ATR) is currently pointing at 0.31.

Coming back to AT&T, Inc. (NYSE:T), we note that the average 3-month trading volume was 35.09 million. Current shares outstanding are 7.17 billion.

The insiders hold 0.11% of the company’s shares while institutions hold 59.19%. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock 6.44% up in year-to-date price movement.

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