In today’s recent session, 4.17 million shares of the AT&T, Inc. (NYSE:T) have been traded, and its beta is 0.56. Most recently the company’s share price was $19.40, and it changed around $0.21 or 1.07% from the last close, which brings the market valuation of the company to $139.07B. T at last check was trading at a discount to its 52-week high of $19.99, offering almost -3.04% off that amount. The share price’s 52-week low was $13.89, which indicates that the recent value has risen by an impressive 28.4% since then. We note from AT&T, Inc.’s average daily trading volume that its 10-day average is 42.18 million shares, with the 3-month average coming to 34.15 million.
AT&T, Inc. stock received a consensus recommendation rating of Hold, based on a mean score of 2.07. If we narrow it down even further, the data shows that 0 out of 30 analysts rate the stock as a Sell; another 6 rate it as Overweight. Among the rest, 20 recommended T as a Hold, whereas 3 deemed it a Buy, and 1 rated it as Underweight. AT&T, Inc. is expected to report earnings per share of 0.57 for the current quarter.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
AT&T, Inc. (NYSE:T) trade information
Instantly T has been showing a green trend so far today with a performance of 1.07% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 19.99 on recent trading dayincreased the stock’s daily price by 2.95%. The company’s shares are currently up 15.58% year-to-date, but still up 0.75% over the last five days. On the other hand, AT&T, Inc. (NYSE:T) is 3.16% up in the 30-day period. We can see from the shorts that 101.54 million shares have been sold at a short interest cover period of 2.95 day(s).
The consensus price target as assigned by Wall Street analysts is $26, which translates to bulls needing to increase their stock price by 25.38% from its current value. Analyst projections state that T is forecast to be at a low of $18 and a high of $210.
AT&T, Inc. (T) estimates and forecasts
AT&T, Inc. share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 10.14 percent over the past six months and at a -7.88% annual growth rate that is well below the industry average of 8.60%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will loss -10.90% in revenue this quarter, and will report a decrease of -5.60% in the next quarter. The year-over-year growth rate is expected to be 0.20%, up from the previous year.
Consensus estimates provided by 16 financial analysts predict the company will bring in an average of 30.49B in revenue for the current quarter. 15 analysts expect AT&T, Inc. to make 32.37B in revenue for the current ending quarter. Forecasts for the next quarter put sales growth at 1.10%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -7.15%. AT&T, Inc. earnings are expected to increase by -8.45% in 2024, but the outlook is positive 1.31% per year for the next five years.
T Dividends
AT&T, Inc.’s next quarterly earnings report is expected to be released on 2024-Oct-17. The annual dividend yield of the stock is 5.72 percent and its annual dividend per share was 1.11. It is important to note, however, that the 5.72% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision. The average dividend yield for the past five years averaged 7.11 per year.
AT&T, Inc. (NYSE:T)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 0.08% of AT&T, Inc. shares, and 59.50% of them are in the hands of institutional investors. The stock currently has a share float of 59.55%. AT&T, Inc. stock is held by 2961.0 institutions, with VANGUARD GROUP INC being the largest institutional investor. By 2024-03-31, it held 8.7035% of the shares, which is about 624.99 million shares worth $11.0 billion.
BLACKROCK INC., with 7.4231% or 533.05 million shares worth $9.38 billion as of 2024-03-31, holds the second largest percentage of outstanding shares.
Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund were the top two Mutual Funds as of Mar 31, 2024. The former held 224.83 shares worth $4.36 billion, making up 3.14% of all outstanding shares. On the other hand, Vanguard 500 Index Fund held roughly 180.19 shares worth around $3.49 billion, which represents about 2.51% of the total shares outstanding.
