During the recent session, AT&T Inc. (NYSE:T)’s traded shares were 7.58 million, with the beta value of the company hitting 0.57. At the last check today, the stock’s price was $20.46, reflecting an intraday gain of 0.69% or $0.14. The 52-week high for the T share is $22.22, that puts it down -8.6 from that peak though still a striking 18.52% gain since the share price plummeted to a 52-week low of $16.67. The company’s market capitalization is $142.32B, and the average intraday trading volume over the past 10 days was 47.85 million shares, and the average trade volume was 52.24 million shares over the past three months.
AT&T Inc. (T) received a consensus recommendation of an Overweight from analysts. That translates to a mean rating of 2.60. T has a Sell rating from 1 analyst(s) out of 29 analysts who have looked at this stock. 16 analyst(s) recommend to Hold the stock while 3 suggest Overweight, and 8 recommend a Buy rating for it. 1 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be $0.61.
AT&T Inc. (NYSE:T) trade information
AT&T Inc. (T) registered a 0.69% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 0.69% in intraday trading to $20.46 this Wednesday, 06/22/22, hitting a weekly high. The stock’s 5-day price performance is 4.47%, and it has moved by -0.39% in 30 days. Based on these gigs, the overall price performance for the year is -6.75%. The short interest in AT&T Inc. (NYSE:T) is 85.64 million shares and it means that shorts have 1.79 day(s) to cover.
The consensus price target of analysts on Wall Street is $22.50, which implies an increase of 9.07% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $14.00 and $27.00 respectively. As a result, T is trading at a discount of -31.96% off the target high and 31.57% off the low.
AT&T Inc. (T) estimates and forecasts
Statistics show that AT&T Inc. has underperformed its competitors in share price, compared to the industry in which it operates. AT&T Inc. (T) shares have gone up 10.95% during the last six months, with a year-to-date growth rate less than the industry average at -24.71% against -13.70. Yet analysts are ramping up their growth forecast for the fiscal year 2022. Revenue is predicted to shrink -31.50% this quarter and then drop -27.60% in the quarter after that. In the rating firms’ projections, revenue will decrease -24.00% compared to the previous financial year.
Revenue for the current quarter is expected to be $29.56 billion as predicted by 18 analyst(s). Meanwhile, a consensus of 17 analyst(s) estimates revenue growth to $29.55 billion by the end of Sep 2022.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 5.70%. While earnings are projected to return 468.40% in 2022, the next five years will return -3.85% per annum.
AT&T Inc. is due to release its next quarterly earnings on July 21. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for AT&T Inc. is 1.11, with the dividend yield indicating at 5.46 percent, continuing the trend of increasing dividends in recent years.
AT&T Inc. (NYSE:T)’s Major holders
AT&T Inc. insiders own 0.12% of total outstanding shares while institutional holders control 54.29%, with the float percentage being 54.36%. Vanguard Group, Inc. (The) is the largest shareholder of the company, while 3,063 institutions own stock in it. As of Mar 30, 2022, the company held over 585.67 million shares (or 8.18% of all shares), a total value of $13.84 billion in shares.
The next largest institutional holding, with 521.45 million shares, is of Blackrock Inc.’s that is approximately 7.28% of outstanding shares. At the market price on Mar 30, 2022, these shares were valued at $12.32 billion.
Also, the Mutual Funds coming in first place with the largest holdings of AT&T Inc. (T) shares are Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund. Data provided on Mar 30, 2022 indicates that Vanguard Total Stock Market Index Fund owns about 206.22 million shares. This amounts to just over 2.88 percent of the company’s overall shares, with a $4.87 billion market value. The same data shows that the other fund manager holds slightly less at 156.27 million, or about 2.18% of the stock, which is worth about $3.69 billion.