In yesterday’s Wall Street session, AT&T, Inc. (NYSE:T) shares traded at $17.12, up 0.82% from the previous session.
T stock price is now 0.48% away from the 50-day moving average and 8.36% away from the 200-day moving average. The market capitalization of the company currently stands at $122.46B.
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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 $6.77 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 $269.63B, which is based on a 8.72 price-to-earnings ratio, a 11.74 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 $15.80 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 $30.6B in revenue.
