In yesterday’s Wall Street session, AT&T, Inc. (NYSE:T) shares traded at $17.25, down -0.98% from the previous session.
T stock price is now 0.33% away from the 50-day moving average and 8.72% away from the 200-day moving average. The market capitalization of the company currently stands at $123.39B.
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 $6.82 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 $271.92B, which is based on a 8.79 price-to-earnings ratio, a 12.32 price-to-earnings-growth ratio, and a beta of 0.55. The fifty day moving average price for T is $17.20 and a two-hundred day moving average price translates $15.87 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 $30.59B in revenue.
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, carrying cases/protective covers, and wireless chargers 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, cloud solutions, outsourcing, and managed 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, legacy telephony voice communication services, and other VoIP services and equipment to residential customers. This segment markets its communications services and products under the AT&T, AT&T Business, 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.
