AT&T, Inc. (T) Stock Price and Analyst Predictions

AT&T, Inc. (NYSE: T) has a price-to-earnings ratio that is above its average at 9.76x. The stock has a 36-month beta value of 0.57. Opinions on the stock are mixed, with 3 analysts rating it as a “buy,” 6 as “overweight,” 20 as “hold,” and 0 as “sell.”

The public float for T is 7.16B, and at present, short sellers hold a 1.28% of that float. On June 03, 2024, the average trading volume of T was 34.74M shares.

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T) stock’s latest price update

The stock of AT&T, Inc. (NYSE: T) has increased by 3.41 when compared to last closing price of 17.62. Despite this, the company has experienced a 4.29% gain in its stock price over the last five trading sessions. seekingalpha.com reported 2024-06-02 that AT&T has been making progress in deleveraging its balance sheet and growing its customer base. The company had a slow start in 2024 but added new subscribers and expanded its fiber footprint. AT&T is a solid value and dividend play, with a high dividend yield and potential for future growth.

T’s Market Performance

T’s stock has risen by 4.29% in the past week, with a monthly rise of 7.68% and a quarterly rise of 7.30%. The volatility ratio for the week is 2.31% while the volatility levels for the last 30 days are 1.46% for AT&T, Inc. The simple moving average for the past 20 days is 5.60% for T’s stock, with a 12.08% simple moving average for the past 200 days.

Analysts’ Opinion of T

Many brokerage firms have already submitted their reports for T stocks, with Barclays repeating the rating for T by listing it as a “Overweight.” The predicted price for T in the upcoming period, according to Barclays is $20 based on the research report published on April 29, 2024 of the current year 2024.

Wolfe Research, on the other hand, stated in their research note that they expect to see T reach a price target of $21. The rating they have provided for T stocks is “Outperform” according to the report published on March 05th, 2024.

JP Morgan gave a rating of “Overweight” to T, setting the target price at $21 in the report published on February 01st of the current year.

T Trading at 6.90% from the 50-Day Moving Average

After a stumble in the market that brought T to its low price for the period of the last 52 weeks, the company was able to rebound, for now settling with 0.36% of gains for the given period.

Volatility was left at 1.46%, however, over the last 30 days, the volatility rate increased by 2.31%, as shares surge +8.32% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +5.87% upper at present.

During the last 5 trading sessions, T rose by +4.29%, which changed the moving average for the period of 200-days by +28.85% in comparison to the 20-day moving average, which settled at $17.32. In addition, AT&T, Inc. saw 8.58% in overturn over a single year, with a tendency to cut further gains.

Insider Trading

Reports are indicating that there were more than several insider trading activities at T starting from LUCZO STEPHEN J, who purchase 62,500 shares at the price of $15.55 back on Nov 13 ’23. After this action, LUCZO STEPHEN J now owns 395,500 shares of AT&T, Inc., valued at $971,875 using the latest closing price.

Stock Fundamentals for T

Current profitability levels for the company are sitting at:

  • 0.22 for the present operating margin
  • 0.55 for the gross margin

The net margin for AT&T, Inc. stands at 0.11. The total capital return value is set at 0.07. Equity return is now at value 13.35, with 3.40 for asset returns.

Based on AT&T, Inc. (T), the company’s capital structure generated 0.56 points at debt to capital in total, while cash flow to debt ratio is standing at 0.3. The debt to equity ratio resting at 1.27. The interest coverage ratio of the stock is 3.93.

Currently, EBITDA for the company is 43.55 billion with net debt to EBITDA at 3.21. When we switch over and look at the enterprise to sales, we see a ratio of 2.27. The receivables turnover for the company is 7.8for trailing twelve months and the total asset turnover is 0.31. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.56.

Conclusion

To sum up, AT&T, Inc. (T) has seen a better performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.

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