AT&T, Inc. (NYSE:T) shares traded 1.47% higher at $17.30 on Wall Street last session.
T stock price is now 1.54% away from the 50-day moving average and 9.78% away from the 200-day moving average. The market capitalization of the company currently stands at $123.74B.
With the price target maintained at $21, Wolfe Research recently Upgraded its rating from Peer Perform to Outperform for AT&T, Inc. (NYSE: T). On February 01, 2024, JP Morgan Upgraded its previous ‘Neutral’ rating to ‘Overweight’ on the stock increasing its target price from $18 to quote $21, while ‘Oppenheimer’ rates the stock as ‘Outperform’
In other news, LUCZO STEPHEN J, Director bought 62,500 shares of the company’s stock on Nov 13 ’23. 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 $6.84 million. A total of 0.11% of the company’s stock is owned by insiders.
During the past 12 months, AT&T, Inc. has had a low of $13.43 and a high of $19.99. As of last week, the company has a debt-to-equity ratio of 1.53, a current ratio of 0.60, and a quick ratio of 0.56. According to the stock market information, the enterprise value for the company is $270.13B, which is based on a 8.81 price-to-earnings ratio, a 11.49 price-to-earnings-growth ratio, and a beta of 0.54. The fifty day moving average price for T is $17.04 and a two-hundred day moving average price translates $15.77 for the stock.
The latest earnings results from AT&T, Inc. (NYSE: T) was released for Dec, 2023. According to the Telecom Services Company, earnings per share came in at $0.54, missing analysts’ expectations of $0.56 by -0.02. This compares to -$3.14 EPS in the same period last year. The net profit margin was 11.59% and return on equity was 14.34% for T. The company reported revenue of $32.02 billion for the quarter, compared to $31.34 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 2.17 percent. For the current quarter, analysts expect T to generate $30.63B in revenue.
