As of Friday close, AT&T Inc.’s (NYSE:T) stock was down -$0.09, moving down -0.64 percent to $14.00. The average number of shares traded per day over the past five days has been 43,094,082 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.45 fall in that time frame. In the last twenty days, the average volume was 67,007,945, while in the previous 50 days, it was 51,023,016.
Since last month, T stock retreated -11.78%. Shares of the company fell to $13.43 on 07/18/23, the lowest level in the past month. A 52-week high of $20.50 was reached on 02/01/23 after having rallying from a 52-week low of $13.43. Since the beginning of this year, T’s stock price has dropped by -23.95% or -$4.41, and marked a new high 5 times. However, the stock has declined by -31.71% since its 52-week high.
Valuation Metrics
The stock’s beta is 0.61. Besides these, the trailing price-to-sales (P/S) ratio of 0.83, the price-to-book (PB) ratio of 0.99, and the price-to-cash flow ratio of 9.84 may also be considered.
The latest dividend of $0.2775 per share was paid out, remained unchanged from last year’s $0.2775. On Tuesday June 28 2022, a $0.0005 dividend decrease was announced.
Financial Health
In the three months ended June 29, AT&T Inc.’s quick ratio stood at 0.60, while its current ratio was 0.70, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 1.26, and the total debt-to-equity ratio was 1.41. On the profitability front, the trailing twelve-month gross margin is 58.90% percent. In the year ended June 29, EBITDA margin amounted to 34.27%, whereas operating margins totaled -2.20%. Based on annual data, T earned -$4.59 billion in gross profit and brought in $120.74 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -3.60%. Return on equity (ROE) for the past 12 months was -8.50%.
In AT&T Inc.’s quarter-end financial report for June 29, it reported total debt of $128.01 billion. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. T’s revenue rose 0.92% to $30.14 billion during the quarter, while net income inched up to $29.92 billion. While analysts expected AT&T Inc. to report $0.6 quarterly earnings, the actual figure was $0.63 per share, beating the consensus estimate by 5.00%. During the quarter, the company generated $11.08 billion in EBITDA. The liabilities of AT&T Inc. were 292.38 billion at the end of its most recent quarter ended June 29, and its total debt was $168.69 billion. The value of shareholders’ equity is $7.15 billion.
Technical Picture
This quick technical analysis looks at AT&T Inc.’s (T) price momentum. With a historical volatility rate of 15.53%, the RSI 9-day stood at 32.15% on 04 August.
With respect to its five-day moving average, the current AT&T Inc. price is down by -3.11% percent or -$0.45. At present, T shares trade -10.31% below its 20-day simple moving average and -23.50% percent below its 100-day simple moving average. However, the stock is currently trading approximately -13.04% below its SMA50 and -8.56% below its SMA200.
Stochastic coefficient K was 42.66% and Stochastic coefficient D was 48.47%, while ATR was 0.33. Given the Stochastic reading of 33.93% for the 14-day period, the RSI (14) reading has been calculated as 34.89%. As of today, the MACD Oscillator reading stands at -0.29, while the 14-day reading stands at -0.30.
Analyst Ratings
AT&T Inc. downgraded its rating on AT&T Inc. (NYSE: T) to a Hold in a note to investors on July 19, 2023. The analysts firm previously had a Buy rating on the stock.AT&T Inc. (T) has been rated Hold by analysts. According to 2 brokerage firms, T is a sell, and 16 firms recommend it is a Hold. There are 1 analyst who say the stock is underweight. A total of 0 analysts rate AT&T Inc. stock as buy, with 8 recommending it as overweight.
With a median target price of $19.00, the current consensus forecast for the stock is $8.00 – $25.00. Based on these forecasts, analysts predict AT&T Inc. (T) will achieve an average price target of $19.07.
