During the recent session, AT&T, Inc. (NYSE:T)’s traded shares were 5.93 million, with the beta value of the company hitting 0.55. At the last check today, the stock’s price was $19.43, reflecting an intraday gain of 0.96% or $0.18. The 52-week high for the T share is $19.99, that puts it down -2.88 from that peak though still a striking 28.36% gain since the share price plummeted to a 52-week low of $13.92. The company’s market capitalization is $139.35B, and the average intraday trading volume over the past 10 days was 38.74 million shares, and the average trade volume was 34.18 million shares over the past three months.
AT&T, Inc. (T) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 2.07. T has a Sell rating from 1 analyst(s) out of 25 analysts who have looked at this stock. 5 analyst(s) recommend to Hold the stock while 1 suggest Overweight, and 18 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 0.57.
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AT&T, Inc. (NYSE:T) trade information
AT&T, Inc. (T) registered a 0.96% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 0.96% in intraday trading to $19.43, hitting a weekly high. The stock’s 5-day price performance is -0.18%, and it has moved by 3.71% in 30 days. Based on these gigs, the overall price performance for the year is 37.06%. The short interest in AT&T, Inc. (NYSE:T) is 101.54 million shares and it means that shorts have 2.95 day(s) to cover.
The consensus price target of analysts on Wall Street is $26, which implies an increase of 25.27% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $18 and $210 respectively. As a result, T is trading at a discount of -980.8% off the target high and 7.36% 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 12.15% during the last six months, with a year-to-date growth rate less than the industry average at -7.88% against 8.60. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to shrink -10.90% this quarter and then drop -5.60% in the quarter after that. In the rating firms’ projections, revenue will increase 0.20% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 30.49B as predicted by 16 analyst(s). Meanwhile, a consensus of 15 analyst(s) estimates revenue growth to 32.37B by the end of current fiscal year.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -7.15%. While earnings are projected to return -8.45% in 2024, the next five years will return 1.31% per annum.
T Dividends
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 5.71 percent, continuing the trend of increasing dividends in recent years. The average dividend yield of the company for the last 5 years is 7.11%.
AT&T, Inc. (NYSE:T)’s Major holders
AT&T, Inc. insiders own 0.08% of total outstanding shares while institutional holders control 59.49%, with the float percentage being 59.54%. VANGUARD GROUP INC is the largest shareholder of the company, while 2957.0 institutions own stock in it. As of 2024-03-31, the company held over 624.99 million shares (or 8.7035% of all shares), a total value of $11.0 billion in shares.
The next largest institutional holding, with 533.05 million shares, is of BLACKROCK INC.’s that is approximately 7.4231% of outstanding shares. At the market price on 2024-03-31, these shares were valued at $9.38 billion.
