A share price of AT&T, Inc. [T] is currently trading at $16.33, up 1.30%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The T shares have lost -0.55% over the last week, with a monthly amount drifted -4.89%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
AT&T, Inc. [NYSE: T] stock has seen the most recent analyst activity on March 05, 2024, when Wolfe Research upgraded its rating to a Outperform but kept the price target unchanged to $21 for it. Previously, JP Morgan upgraded its rating to Overweight on February 01, 2024, and elevated its price target to $21. On January 19, 2024, upgrade upgraded it’s rating to Outperform but maintained its price target of $21 on the stock. Scotiabank upgraded its rating to a Sector Outperform but stick to its price target of $18.50 on October 20, 2023. Citigroup upgraded its rating to a Buy but $17 remained the price target by the analyst firm on August 29, 2023. Argus downgraded its rating to Hold for this stock on July 19, 2023. In a note dated July 17, 2023, Citigroup downgraded an Neutral rating on this stock and revised its target price from $22 to $16.
AT&T, Inc. experienced fluctuations in its stock price throughout the past year between $13.43 and $19.87. Currently, Wall Street analysts expect the stock to reach $37.94 within the next 12 months. AT&T, Inc. [NYSE: T] shares were valued at $16.33 at the most recent close of the market. An investor can expect a potential return of 132.33% based on the average T price forecast.
Analyzing the T fundamentals
Trailing Twelve Months sales for AT&T, Inc. [NYSE:T] were 122.43B which represents 2.17% growth. Gross Profit Margin for this corporation currently stands at 0.59% with Operating Profit Margin at 0.22%, Pretax Profit Margin comes in at 0.16%, and Net Profit Margin reading is 0.12%. To continue investigating profitability, this company’s Return on Assets is posted at 0.04, Equity is 0.14 and Total Capital is 0.08. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.32.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 16.17 points at the first support level, and at 16.00 for the second support level. However, for the 1st resistance point, the stock is sitting at 16.42, and for the 2nd resistance point, it is at 16.51.
Ratios To Look Out For
To put it in perspective, the Current Ratio for AT&T, Inc. [NYSE:T] is 0.60. Further, the Quick Ratio stands at 0.56, while the Cash Ratio is 0.13. Considering the valuation of this stock, the price to sales ratio is 0.95, the price to book ratio is 1.13 and price to earnings (TTM) ratio is 8.32.
Transactions by insiders
Recent insider trading involved LUCZO STEPHEN J, Director, that happened on Nov 13 ’23 when 62500.0 shares were purchased.
