In today’s recent session, 4.41 million shares of the AT&T, Inc (NYSE:T) have been traded, and its beta is 0.57. Most recently the company’s share price was $23.39, and it changed around $0.02 or 0.06% from the last close, which brings the market valuation of the company to $167.79B. T at last check was trading at a discount to its 52-week high of $24.03, offering almost -2.74% off that amount. The share price’s 52-week low was $15.94, which indicates that the recent value has risen by an impressive 31.85% since then. We note from AT&T, Inc’s average daily trading volume that its 10-day average is 40.92 million shares, with the 3-month average coming to 34.48 million.
AT&T, Inc stock received a consensus recommendation rating of Buy, based on a mean score of 2.20. If we narrow it down even further, the data shows that 2 out of 27 analysts rate the stock as a Sell; another 5 rate it as Overweight. Among the rest, 10 recommended T as a Hold, whereas 10 deemed it a Buy, and 0 rated it as Underweight. AT&T, Inc is expected to report earnings per share of 0.5 for the current quarter.
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AT&T, Inc (NYSE:T) trade information
Instantly T has been showing a green trend so far today with a performance of 0.06% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 23.99 on recent trading dayincreased the stock’s daily price by 2.5%. The company’s shares are currently up 39.36% year-to-date, but still down -1.50% over the last five days. On the other hand, AT&T, Inc (NYSE:T) is 4.68% up in the 30-day period. We can see from the shorts that 107.43 million shares have been sold at a short interest cover period of 3.15 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 2.54% from its current value. Analyst projections state that T is forecast to be at a low of $19 and a high of $28.
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 30.94 percent over the past six months and at a -9.13% annual growth rate that is well below the industry average of -2.10%. The year-over-year growth rate is expected to be -0.25%, down from the previous year.
Consensus estimates provided by 16 financial analysts predict the company will bring in an average of 31.97B in revenue for the current quarter. 9 analysts expect AT&T, Inc to make 30.43B in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 32.02B and 30.03B respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -0.15%. Forecasts for the next quarter put sales growth at 1.32%.
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 -8.73% in 2024, but the outlook is positive 1.20% per year for the next five years.
T Dividends
AT&T, Inc’s next quarterly earnings report is expected to be released in January. The annual dividend yield of the stock is 4.75 percent and its annual dividend per share was 1.11. It is important to note, however, that the 4.75% 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 7.08 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 62.31% of them are in the hands of institutional investors. The stock currently has a share float of 62.37%. AT&T, Inc stock is held by 3020.0 institutions, with VANGUARD GROUP INC being the largest institutional investor. By 2024-06-30, it held 8.7502% 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.
Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund were the top two Mutual Funds as of Sep 30, 2024. The former held 227.38 shares worth $5.3 billion, making up 3.17% of all outstanding shares. On the other hand, Vanguard 500 Index Fund held roughly 187.79 shares worth around $4.37 billion, which represents about 2.62% of the total shares outstanding.
