AT&T Inc. (NYSE:T) finished Thursday with an addition of $0.14 to close at $15.01, an upside of 0.94 percent. An average of 31,037,459 shares of common stock have been traded in the last five days. There was a fall of -$0.30 in the past week, and it reached a new high 20 times over the past 12 months. The last 20 days have seen an average of 35,807,090 shares traded, while the 50-day average volume stands at 38,956,867.
T stock has increased by 1.62% in the last month. The company shares reached their 1-month lowest point of $14.32 on 09/06/23. With the stock rallying to its 52-week high on 02/01/23, shares of the company touched a low of $13.43 and a high of $20.50 in 52 weeks. It has reached a new high 5 times so far this year and lost -18.47% or -$3.40 in price. In spite of this, the price is down -26.78% from the 52-week high.
Valuation Metrics
AT&T Inc. (T) stock’s beta is 0.59. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.88, the price-to-book (PB) ratio at 1.05, and the price-to-cash flow ratio at 7.40.
Financial Health
The quick ratio of AT&T Inc. for the three months ended June 29 was 0.53, and the current ratio was 0.58, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 1.44 and a total debt to equity ratio of 1.62 for the quarter ending June 29. AT&T Inc.’s EBITDA margin for the year ending June 29 is 34.27%, while its operating margin for the same period stands at 20.04%. Its gross profit as reported stood at -$4.59 billion compared to revenue of $120.74 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 -2.11%.
Earnings Surprise
For the three-month period that ended June 29, AT&T Inc. had $128.01 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 $4.44 billion in the quarter, while revenues of $4.18 billion were grew 7.48%. The analyst consensus anticipated AT&T Inc.’s latest quarter earnings to come in at $0.6 per share, but it turned out to be $0.63, a 5.00% surprise. For the quarter, EBITDA amounted to $11.08 billion. Shareholders own equity worth $7.15 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 28 September was 53.10%, suggesting the stock is Neutral, with historical volatility in this time frame at 18.45%.
As of today, T’s price is $15.02 -1.96% or -$0.30 from its 5-day moving average. T is currently trading +1.90% higher than its 20-day SMA and -12.38% lower than its 100-day SMA. However, the stock’s current price level is +2.88% above the SMA50 and -21.37% below the SMA200.
The stochastic %K and %D were 44.02% and 47.48%, respectively, and the average true range (ATR) was 0.28. With the 14-day stochastic at 46.67% and the average true range at 0.28, the RSI (14) stands at 54.31%. The stock has reached -0.17 on the 9-day MACD Oscillator while the 14-day reading was at -0.04.
Analyst Ratings
Citigroup upgraded AT&T Inc. (NYSE: T) to a a Buy rating in its most recent analyst report. Previously, the stock was rated as a Neutral. 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 14 suggest investors hold. There are 1 analyst who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 9 others rate it as a “buy”.
