In the last trading session, 22.66 million shares of the AT&T, Inc. (NYSE:T) were traded, and its beta was 0.57. Most recently the company’s share price was $21.86, and it changed around $0.08 or 0.37% from the last close, which brings the market valuation of the company to $156.74B. T currently trades at a discount to its 52-week high of $22.34, offering almost -2.2% off that amount. The share price’s 52-week low was $14.23, which indicates that the current value has risen by an impressive 34.9% since then. We note from AT&T, Inc.’s average daily trading volume that its 10-day average is 26.55 million shares, with the 3-month average coming to 34.41 million.
AT&T, Inc. stock received a consensus recommendation rating of Hold, based on a mean score of 2.18. 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.
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AT&T, Inc. (NYSE:T) trade information
Instantly T has showed a green trend with a performance of 0.37% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 22.24 on recent trading dayincreased the stock’s daily price by 1.71%. The company’s shares are currently up 30.27% year-to-date, but still down -1.22% over the last five days. On the other hand, AT&T, Inc. (NYSE:T) is 1.67% up in the 30-day period. We can see from the shorts that 143.38 million shares have been sold at a short interest cover period of 4.4 day(s).
The consensus price target as assigned by Wall Street analysts is $24, which translates to bulls needing to increase their stock price by 8.92% from its current value. Analyst projections state that T is forecast to be at a low of $18 and a high of $44.
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 29.35 percent over the past six months and at a -7.88% annual growth rate that is well below the industry average of 4.70%. 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 17 financial analysts predict the company will bring in an average of 30.47B in revenue for the current quarter. 16 analysts expect AT&T, Inc. to make 32.31B in revenue for the current ending quarter. Forecasts for the next quarter put sales growth at 0.90%.
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 -8.57% in 2024, but the outlook is positive 2.28% per year for the next five years.
T Dividends
AT&T, Inc.’s next quarterly earnings report is expected to be released in November. The annual dividend yield of the stock is 3.81 percent and its annual dividend per share was 0.83. It is important to note, however, that the 3.81% 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 7.1 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 61.11% of them are in the hands of institutional investors. The stock currently has a share float of 61.16%. AT&T, Inc. stock is held by 2949.0 institutions, with VANGUARD GROUP INC being the largest institutional investor. By 2024-06-30, it held 8.7551% of the shares, which is about 629.67 million shares worth $12.03 billion.
BLACKROCK INC., with 7.3283% or 527.05 million shares worth $10.07 billion as of 2024-06-30, holds the second largest percentage of outstanding shares.
