At the time of writing, AT&T, Inc [T] stock is trading at $22.99, up 1.37%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The T shares have gain 3.05% over the last week, with a monthly amount glided 5.22%, 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 July 01, 2024, when Goldman initiated its Buy rating and assigned the stock a price target of $22. Previously, Exane BNP Paribas upgraded its rating to Neutral on June 11, 2024. On April 29, 2024, upgrade upgraded it’s rating to Overweight but maintained its price target of $20 on the stock. Wolfe Research upgraded its rating to a Outperform but stick to its price target of $21 on March 05, 2024. JP Morgan upgraded its rating to a Overweight and raised its price target to $21 on February 01, 2024. Oppenheimer upgraded its rating to Outperform for this stock on January 19, 2024, but kept the price target unchanged to $21. In a note dated October 20, 2023, Scotiabank upgraded an Sector Outperform rating on this stock but restated the target price of $18.50.
For the past year, the stock price of AT&T, Inc fluctuated between $15.75 and $22.75. Currently, Wall Street analysts expect the stock to reach $26.05 within the next 12 months. AT&T, Inc [NYSE: T] shares were valued at $22.99 at the most recent close of the market. An investor can expect a potential return of 13.31% based on the average T price forecast.
Analyzing the T fundamentals
According to AT&T, Inc [NYSE:T], the company’s sales were 122.06B for trailing twelve months, which represents an -0.45% plunge. Gross Profit Margin for this corporation currently stands at 0.6% with Operating Profit Margin at 0.16%, Pretax Profit Margin comes in at 0.12%, and Net Profit Margin reading is 0.07%. To continue investigating profitability, this company’s Return on Assets is posted at 0.02, Equity is 0.09 and Total Capital is 0.06. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.26.
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 22.78 points at the first support level, and at 22.57 for the second support level. However, for the 1st resistance point, the stock is sitting at 23.20, and for the 2nd resistance point, it is at 23.41.
Ratios To Look Out For
It is important to note that AT&T, Inc [NYSE:T] has a current ratio of 0.60. Also, the Quick Ratio is 0.54, while the Cash Ratio stands at 0.06. Considering the valuation of this stock, the price to sales ratio is 1.38, the price to book ratio is 1.61 and price to earnings (TTM) ratio is 18.69.
