AT&T Inc. (T): Here Are Some Research Recommendations

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AT&T Inc. (NYSE:T) finished Thursday with a subtraction of -$0.01 to close at $16.24, a downside of -0.06 percent. An average of 43,286,859 shares of common stock have been traded in the last five days. There was a fall of -$0.52 in the past week, and it reached a new high 7 times over the past 12 months. The last 20 days have seen an average of 41,350,547 shares traded, while the 50-day average volume stands at 39,168,973.

T stock has decreased by -10.08% in the last month. The company shares reached their 1-month lowest point of $16.14 on 09/22/22. With the stock rallying to its 52-week high on 05/26/22, shares of the company touched a low of $16.25 and a high of $21.53 in 52 weeks. It has reached a new high 11 times so far this year and lost -12.81% or -$2.33 in price. In spite of this, the price is down -24.57% from the 52-week high.


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Valuation Metrics

AT&T Inc. (T) has a trailing price-to-earnings (P/E) ratio of 5.93. The stock’s beta is 0.45. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.83, the price-to-book (PB) ratio at 0.99, and the price-to-cash flow ratio at 115.29.

The company has a payout ratio of 66.80%. The company’s most recent quarterly dividend payment was $0.2775 a share, representing a down of -0.18% from $0.2780 last year. Its latest decrease dividend $0.0005 reported on Tuesday June 28 2022.

Financial Health

The quick ratio of AT&T Inc. for the three months ended June 29 was 0.60, and the current ratio was 0.70, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 1.10 and a total debt to equity ratio of 1.16 for the quarter ending June 29. Its gross profit as reported stood at $23.35 billion compared to revenue of $168.86 billion.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, AT&T Inc.’s return on assets was 3.80%.

Earnings Surprise

For the three-month period that ended June 29, AT&T Inc. had $129.75 billion in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of $4.11 billion in the quarter, while revenues of $4.76 billion were grew 63.12%. The analyst consensus anticipated AT&T Inc.’s latest quarter earnings to come in at $0.61 per share, but it turned out to be $0.65, a 6.60% surprise. For the quarter, EBITDA amounted to $5.32 billion. Shareholders own equity worth $7.13 billion.

Technical Picture

From a technical analysis perspective, let’s take a brief look at AT&T Inc. (T) price momentum. RSI 9-day as of the close on 22 September was 22.26%, suggesting the stock is oversold, with historical volatility in this time frame at 21.48%.

As of today, T’s price is $16.51 -3.10% or -$0.52 from its 5-day moving average. T is currently trading -9.83% lower than its 20-day SMA and -13.89% lower than its 100-day SMA. However, the stock’s current price level is -20.59% below the SMA50 and -7.57% below the SMA200.

The stochastic %K and %D were 9.83% and 11.40%, respectively, and the average true range (ATR) was 0.32. With the 14-day stochastic at 6.78% and the average true range at 0.32, the RSI (14) stands at 25.55%. The stock has reached -0.35 on the 9-day MACD Oscillator while the 14-day reading was at -0.43.

Analyst Ratings

Barclays downgraded AT&T Inc. (NYSE: T) to a an Equal weight rating in its most recent analyst report. Previously, the stock was rated as an Overweight. The consensus rating for AT&T Inc. (T) among analysts is Hold. According to current brokerage recommendations, 2 brokerage firms advise that investors sell T, while 18 suggest investors hold. There are 1 analyst who rate the stock as underweight. The stock is rated overweight by 2 analysts, while 7 others rate it as a “buy”.

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