At the time of writing, AT&T, Inc. [T] stock is trading at $18.40, up 1.60%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The T shares have gain 4.13% over the last week, with a monthly amount glided 6.54%, and 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 June 11, 2024, when Exane BNP Paribas upgraded its rating to a Neutral. Previously, Barclays upgraded its rating to Overweight on April 29, 2024, and kept the price target unchanged to $20. On March 05, 2024, upgrade upgraded it’s rating to Outperform but maintained its price target of $21 on the stock. JP Morgan upgraded its rating to a Overweight and increased its price target to $21 on February 01, 2024. Oppenheimer upgraded its rating to a Outperform but $21 remained the price target by the analyst firm on January 19, 2024. Scotiabank upgraded its rating to Sector Outperform for this stock on October 20, 2023, but kept the price target unchanged to $18.50. In a note dated August 29, 2023, Citigroup upgraded an Buy rating on this stock but restated the target price of $17.
For the past year, the stock price of AT&T, Inc. fluctuated between $13.43 and $18.45. Currently, Wall Street analysts expect the stock to reach $37.13 within the next 12 months. AT&T, Inc. [NYSE: T] shares were valued at $18.40 at the most recent close of the market. An investor can expect a potential return of 101.79% based on the average T price forecast.
Analyzing the T fundamentals
According to AT&T, Inc. [NYSE:T], the company’s sales were 122.32B for trailing twelve months, which represents an -0.37% plunge. Gross Profit Margin for this corporation currently stands at 0.55% with Operating Profit Margin at 0.22%, Pretax Profit Margin comes in at 0.15%, and Net Profit Margin reading is 0.11%. To continue investigating profitability, this company’s Return on Assets is posted at 0.03, Equity is 0.13 and Total Capital is 0.07. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.27.
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 18.16 points at the first support level, and at 17.92 for the second support level. However, for the 1st resistance point, the stock is sitting at 18.55, and for the 2nd resistance point, it is at 18.69.
Ratios To Look Out For
It is important to note that AT&T, Inc. [NYSE:T] has a current ratio of 0.56. As well, the Quick Ratio is 0.51, while the Cash Ratio is 0.08. Considering the valuation of this stock, the price to sales ratio is 1.08, the price to book ratio is 1.26 and price to earnings (TTM) ratio is 9.86.
Transactions by insiders
Recent insider trading involved LUCZO STEPHEN J, Director, that happened on Nov 13 ’23 when 62500.0 shares were purchased.
