During the last session, AT&T, Inc. (NYSE:T)’s traded shares were 36.24 million, with the beta value of the company hitting 0.58. At the end of the trading day, the stock’s price was $22.02, reflecting an intraday loss of -0.72% or -$0.16. The 52-week high for the T share is $22.58, that puts it down -2.54 from that peak though still a striking 32.29% gain since the share price plummeted to a 52-week low of $14.91. The company’s market capitalization is $158.00B, and the average intraday trading volume over the past 10 days was 36.35 million shares, and the average trade volume was 33.17 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 2.25. 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 0.49.
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AT&T, Inc. (NYSE:T) trade information
AT&T, Inc. (T) registered a -0.72% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -0.72% in intraday trading to $22.02, hitting a weekly high. The stock’s 5-day price performance is -2.09%, and it has moved by -0.50% in 30 days. Based on these gigs, the overall price performance for the year is 44.30%. The short interest in AT&T, Inc. (NYSE:T) is 114.86 million shares and it means that shorts have 3.55 day(s) to cover.
The consensus price target of analysts on Wall Street is $24, which implies an increase of 8.25% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $19 and $41 respectively. As a result, T is trading at a discount of -86.19% off the target high and 13.71% 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 30.14% during the last six months, with a year-to-date growth rate less than the industry average at -7.88% against 5.20. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to shrink -9.30% this quarter and then jump 3.60% in the quarter after that. In the rating firms’ projections, revenue will decrease -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 32.16B as predicted by 15 analyst(s). Meanwhile, a consensus of 8 analyst(s) estimates revenue growth to 30.49B by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 32.02B and 30.54B respectively. In this case, analysts expect current quarter sales to grow by 0.40% and then drop by -0.20% in the coming quarter.
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 -8.20% in 2024, the next five years will return 1.20% per annum.
T Dividends
AT&T, Inc. is due to release its next quarterly earnings in November. 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 5.04 percent, continuing the trend of increasing dividends in recent years. The average dividend yield of the company for the last 5 years is 7.1%.
AT&T, Inc. (NYSE:T)’s Major holders
AT&T, Inc. insiders own 0.08% of total outstanding shares while institutional holders control 61.11%, with the float percentage being 61.16%. VANGUARD GROUP INC is the largest shareholder of the company, while 2979.0 institutions own stock in it. As of 2024-06-30, the company held over 629.67 million shares (or 8.7551% of all shares), a total value of $12.03 billion in shares.
The next largest institutional holding, with 527.05 million shares, is of BLACKROCK INC.’s that is approximately 7.3283% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $10.07 billion.
