AT&T, Inc (NYSE:T) has a beta value of 0.58 and has seen 24.31 million shares traded in the last trading session. The company, currently valued at $154.35B, closed the last trade at $21.92 per share which meant it lost -$0.2 on the day or -0.90% during that session. The T stock price is -3.7% off its 52-week high price of $22.73 and 29.47% above the 52-week low of $15.46. If we look at the company’s 10-day average daily trading volume, we find that it stood at 40.75 million shares traded. The 3-month trading volume is 33.49 million shares.
The consensus among analysts is that AT&T, Inc (T) is Buy stock at the moment, with a recommendation rating of 2.25. 1 analysts rate the stock as a Sell, while 1 rate it as Overweight. 5 out of 25 have rated it as a Hold, with 18 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 0.49.
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AT&T, Inc (NYSE:T) trade information
Sporting -0.90% in the red in last session, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the T stock price touched $21.92 or saw a rise of 3.56%. Year-to-date, AT&T, Inc shares have moved 30.63%, while the 5-day performance has seen it change -0.86%. Over the past 30 days, the shares of AT&T, Inc (NYSE:T) have changed 0.05%. Short interest in the company has seen 114.86 million shares shorted with days to cover at 3.55.
Wall Street analysts have a consensus price target for the stock at $24, which means that the shares’ value could jump 8.67% from current levels. The projected low price target is $19.0 while the price target rests at a high of $41.0. In that case, then, we find that the current price level is -87.04% off the targeted high while a plunge would see the stock lose 13.32% from current levels.
AT&T, Inc (T) estimates and forecasts
Figures show that AT&T, Inc shares have underperformed across the wider relevant industry. The company’s shares have gained 29.02% over the past 6 months, with this year growth rate of -7.88%, compared to 7.60% for the industry. Revenue growth from the last financial year stood is estimated to be -0.20%.
16 analysts offering their estimates for the company have set an average revenue estimate of 32.1B for the current quarter. 9 have an estimated revenue figure of 30.46B for the next ending quarter. Year-ago sales stood 32.02B and 30.54B respectively for this quarter and the next, and analysts expect sales will grow by 0.20% for the current quarter and -0.20% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -7.15% over the past 5 years. Earnings growth for 2024 is a modest -8.20% while over the next 5 years, the company’s earnings are expected to increase by 1.20%.
T Dividends
AT&T, Inc is expected to release its next earnings report in December this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 1.11 at a share yield of 5.06%. The company’s dividend yield has gone up over the past 12 months, with a 5 Year Average Dividend Yield of 7.09%.
AT&T, Inc (NYSE:T)’s Major holders
Insiders own 0.08% of the company shares, while shares held by institutions stand at 61.28% with a share float percentage of 61.33%. Investors are also buoyed by the number of investors in a company, with AT&T, Inc having a total of 2988.0 institutions that hold shares in the company. The top two institutional holders are VANGUARD GROUP INC with over 629.67 million shares worth more than $12.03 billion. As of 2024-06-30, VANGUARD GROUP INC held 8.7551% of shares outstanding.
The other major institutional holder is BLACKROCK INC., with the holding of over 527.05 million shares as of 2024-06-30. The firm’s total holdings are worth over $10.07 billion and represent 7.3283% of shares outstanding.
