The stock of AT&T Inc. (NYSE:T) increased by $0.56 on Tuesday to finish at $14.77, up 3.94 percent. The last five days have seen an average of 31,372,281 shares of common stock traded. 5 times new highs were reached in the current year, with a fall of -$3.64. The average number of shares traded over the last 20 days was 34,818,559, while the average volume over the last 50 days totaled 46,529,195.
T stock appreciated 1.72% since last month. On 08/07/23, the company’s shares reached a one-month low of $13.89. The stock touched a high of $20.50 on 02/01/23, after rallying from a low of $13.43 in 52 weeks. The price of T stock has declined by -19.77% or -$3.64 this year, reaching a new high 5 times. Still, the stock price is down -27.95% from the 52-week high.
Valuation Metrics
Beta for the stock is 0.61. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 0.87, the price-to-book (PB) ratio of 1.04, and the price-to-cash flow ratio of 5.81.
Company paid $0.2775 per share in dividends, remained unchanged from $0.2775 last year. A $0.0005 dividend decrease was reported on Tuesday June 28 2022.
Financial Health
For the three months ended June 29, AT&T Inc.’s quick ratio was 0.60, while its current ratio was 0.70, indicating its inability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 1.26, and the total debt to equity ratio is 1.41. As far as profitability goes, gross margin for the trailing twelve months is 58.90% percent. AT&T Inc.’s EBITDA margin for the year ended June 29 was 34.27%, whereas its operating margin stood at -2.20% for the same period. Based on annual data, it had gross profit of -$4.59 billion and revenue of $120.74 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. T’s return on assets (ROA) during the last 12 months has been -2.20%. There was a -3.60% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -8.50%.
Earnings Surprise
According to AT&T Inc.’s quarterly financial report for the quarter that ended June 29. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $29.92 billion, while revenues rose by 0.92% to $30.14 billion. It was predicted that AT&T Inc.’s quarterly earnings would be $0.63, but it ended up being $0.6, beating the consensus by 5.00%. EBITDA was $11.08 billion for the quarter. At the end of AT&T Inc.’s most recent quarter ended June 29, its liabilities totaled 292.38 billion, while its total debt was $168.69 billion. Equity owned by shareholders amounts to $7.15 billion.
Technical Picture
Here’s a quick look at AT&T Inc.’s (T) price momentum from a technical perspective. As of 29 August, the RSI 9-day stood at 70.40%, suggesting the stock is Overbought, with a 20.41% historical volatility rate.
The stochastic %K and %D were 65.17% and 54.44% respectively, while the average true range (ATR) was 0.26. Based on the 14-day stochastic reading of 95.51%, the RSI (14) reading is 59.63%. On the 9-day MACD Oscillator, the stock is at 0.16, and the 14-day reading is at 0.16.
Analyst Ratings
In its most recent analyst report, Citigroup raised its rating on AT&T Inc. (NYSE: T) to a Buy. Prior to this, analysts firm rated the stock as a Neutral. Analysts have assigned AT&T Inc. (T) an Hold rating. T is a stock that is recommended for selling by 2 brokerage firms, while 15 companies recommend holding. The stock is underweighted by 1 analyst. Among the analysts who rate the stock, 0 rates it overweight and 9 others recommend it as a buy.
