Stocks like AT&T, Inc. [T] still have plenty of sunny days ahead

In yesterday’s Wall Street session, AT&T, Inc. (NYSE:T) shares traded at $16.10, up 1.26% from the previous session.

As of this writing, 27 analysts cover AT&T, Inc. (NYSE:T). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $25.00 and a low of $9.00, we find $18.00. Given the previous closing price of $15.90, this indicates a potential upside of 13.21 percent. T stock price is now 6.42% away from the 50-day moving average and -1.41% away from the 200-day moving average. The market capitalization of the company currently stands at $115.12B.

There are 14 analysts who have given it a hold rating, whereas 10 have given it a buy rating. Brokers who have rated the stock have averaged $17.90 as their price target over the next twelve months.

With the price target maintained at $18.50, Scotiabank recently Upgraded its rating from Sector Perform to Sector Outperform for AT&T, Inc. (NYSE: T).

In other news, LUCZO STEPHEN J, Director bought 62,500 shares of the company’s stock on Nov 13. The stock was bought for $971,875 at an average price of $15.55. Upon completion of the transaction, the Director now directly owns 395,500 shares in the company, valued at $6.37 million. Insiders disposed of 2,735,344 shares of company stock worth roughly $44.04 million over the past 1 year. A total of 0.08% of the company’s stock is owned by insiders.

Monday morning saw AT&T, Inc. (NYSE: T) opened at $15.90. During the past 12 months, AT&T, Inc. has had a low of $13.43 and a high of $20.50. As of last week, the company has a debt-to-equity ratio of 1.54, a current ratio of 0.58, and a quick ratio of 0.53. The fifty day moving average price for T is $15.13 and a two-hundred day moving average price translates $16.33 for the stock.

The latest earnings results from AT&T, Inc. (NYSE: T) was released for Sep, 2023. The net profit margin was -9.46% and return on equity was -9.97% for T. The company reported revenue of $30.35 billion for the quarter, compared to $30.04 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 1.02 percent.

AT&T, Inc.(T) Company Profile

AT&T Inc. provides telecommunications and technology services worldwide. The company operates through two segments, Communications and Latin America. The Communications segment offers wireless voice and data communications services; and sells handsets, wireless data cards, wireless computing devices, and carrying cases and hands-free devices through its own company-owned stores, agents, and third-party retail stores. It also provides Virtual Private Networks, AT&T Dedicated Internet, Ethernet, data services, security, cloud solutions, outsourcing, and managed and professional services, as well as customer premises equipment for multinational corporations, small and mid-sized businesses, governmental, and wholesale customers. In addition, this segment offers broadband services, including fiber connections and legacy telephony voice communication services to residential customers. This segment markets its communications services and products under the AT&T, Cricket, AT&T PREPAID, and AT&T Fiber brand names. The Latin America segment provides postpaid and prepaid wireless services in Mexico under the AT&T and Unefon brand names, as well as sells smartphones through its owned stores, agents and third-party retail stores. The company was formerly known as SBC Communications Inc. and changed its name to AT&T Inc. in 2005. AT&T Inc. was incorporated in 1983 and is based in Dallas, Texas.