AT&T, Inc. (NYSE:T) traded at $18.21 at close of the session on Tuesday, July 23, made a downward move of -1.83% on its previous day’s price.
Looking at the stock we see that its previous close was $18.55 . The company has a trailing 12-month PE ratio of 9.76. In terms of its 52-week price range, T has a high of $19.33 and a low of $13.89. The company’s stock has lost about -1.03% over that past 30 days.
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AT&T, Inc. has a market cap of $130.57 billion. With its Forward Dividend at 1.11 and a yield of 6.10%, 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 current year and 2.22 for next year.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at 29.92B, with a low of 28.9B and a high of 30.46B. The median projection represents growth adding up to -0.10% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for current year is expected to hit 122.89B, or 0.40% up from figures reported last year.
Based on estimates by 22 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 4 have rated the AT&T, Inc. (T) stock as a Hold, while 16 rate it as a Buy. 1 analyst(s) rate it as overweight while 0 of them rated it as underweight, whereas 1 suggest the stock as a Sell. The stock has an overall rating of Buy and investors could take advantage and scoop up stock of the company.
Looking further, we note that the PEG ratio for the T stock currently stands at 8.00, and the current price level is -3.30% off its SMA20 and 0.39% from its 50-day simple moving average. The RSI (14) is pointing at 42.23 while the volatility over the past week is 2.01% and jumps to 1.60% over the past one month. The beta value is 0.56, while the average true range (ATR) is currently pointing at 0.34. The average price target for the stock over the next 12 months is $26, with the estimates having a low of $16 and a high of $210. These price ends are 12.14% and -1053.21% off the current price level respectively, although investors could be excited at the prospect of a -42.78% if the T share price touches on the median price of $26.
Coming back to AT&T, Inc. (NYSE:T), we note that the average 3-month trading volume was 33.25 million, while that of the preceding 10-day period stands at 37.23 million. Current shares outstanding are 7.17 billion.
The insiders hold 0.12% of the company’s shares while institutions hold 59.03%. The data shows that short shares as of 2024-06-28, stood at 112.27 million at a short ratio of 3.18. This represents a 1.57000010000000011.57000010000000011.57000010000000011.57000010000000011.57000010000000011.57000010000000011.57000010000000011.57000010000000011.57000010000000011.57000010000000011.57000010000000011.57000010000000011.57000010000000011.57000010000000011.57000010000000011.57000010000000011.57000010000000011.57000010000000011.57000010000000011.57000010000000011.57000010000000011.57000010000000011.57000010000000011.57000010000000011.57000010000000011.57000010000000011.57000010000000011.57000010000000011.57000010000000011.57000010000000011.57000010000000011.57000010000000011.57000010000000011.57000010000000011.57000010000000011.57000010000000011.57000010000000011.57000010000000011.57000010000000011.57000010000000011.57000010000000011.57000010000000011.57000010000000011.57000010000000011.57000010000000011.57000010000000011.57000010000000011.57000010000000011.57000010000000011.57000010000000011.57000010000000011.57000010000000011.57000010000000011.57000010000000011.57000010000000011.57000010000000011.57000010000000011.57000010000000011.57000010000000011.57000010000000011.57000010000000011.57000010000000011.57000010000000011.57000010000000011.57000010000000011.57000010000000011.57000010000000011.57000010000000011.57000010000000011.57000010000000011.57000010000000011.57000010000000011.57000010000000011.57000010000000011.57000010000000011.57000010000000011.57000010000000011.57000010000000011.57000010000000011.57000010000000011.57000010000000011.57000010000000011.57000010000000011.57000010000000011.57000010000000011.57000010000000011.57000010000000011.57000010000000011.57000010000000011.57000010000000011.57000010000000011.57000010000000011.57000010000000011.57000010000000011.57000010000000011.57000010000000011.57000010000000011.57000010000000011.57000010000000011.5700001000000001 short interest in shares outstanding on 2024-06-28. Shares short rose in June from the previous month at 93.27 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock 8.52% up in year-to-date price movement.
