Investors: What’s The Real Deal With AT&T Inc. (NYSE: T)

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The trading price of AT&T Inc. (NYSE:T) floating higher at last check on Tuesday, November 23, closing at $24.84, 0.59% higher than its previous close.

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Traders who pay close attention to intraday price movement should know that it has been fluctuating between $24.07 and $24.86. The company’s P/E ratio in the trailing 12-month period was 207.56, while its 5Y monthly beta was 0.66. In examining the 52-week price action we see that the stock hit a 52-week high of $33.88 and a 52-week low of $23.96. Over the past month, the stock has lost -3.10% in value.

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AT&T Inc., whose market valuation is $178.28 billion at the time of this writing, is expected to release its quarterly earnings report Jan 25, 2022 – Jan 31, 2022. The dividend yield on the company stock is 8.42%, while its Forward Dividend ratio is 2.08. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by $0.79 per share this quarter, however they have predicted annual earnings per share of $3.36 for 2021 and $3.22 for 2022. It means analysts are expecting annual earnings per share growth of 5.70% this year and -4.20% next year.

Analysts have forecast the company to bring in revenue of $42.6 billion for the current quarter, with the likely lows of $36.1 billion and highs of $44.58 billion. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue in 2021 is $175.73 billion. The company’s revenue is forecast to grow by 2.30% over what it did in 2021.

A company’s earnings reviews provide a brief indication of a stock’s direction in the short term, where in the case of AT&T Inc. No upward and no downward comments were posted in the last 7 days. On the technical side, indicators suggest T has a 100% Sell on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Sell, while an average of long term indicators suggests that the stock is currently 100% Sell.

Here is the average analyst rating on the stock as represented by 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock should be considered as either strong buy or strong sell respectively. The number of analysts that have assigned T a recommendation rating is 29. Out of them, 18 rate it a Hold, while 5 recommend Buy, whereas 2 assign an Overweight rating. 1 analyst(s) have tagged AT&T Inc. (T) as Underweight, while 3 advise Sell. Analysts have rated the stock Hold, likely urging investors to take advantage of the opportunity to add to their holdings of the company’s shares.

If we dig deeper into the stock’s outlook, we see that the stock’s PEG is 57.02, which symbolizes a positive outlook. A quick review shows that T’s price is currently -0.35% off the SMA20 and -4.29% off the SMA50. The RSI metric on the 14-day chart is currently showing 44.75, and weekly volatility stands at 1.56%. When measured over the past 30 days, the indicator reaches 1.49%. AT&T Inc. (NYSE:T)’s beta value is currently sitting at 0.65, while the Average True Range indicator is currently displaying 0.39. With analysts defining $23.00-$37.00 as the low and high price targets, we arrive at a consensus price target of $31.33 for the trailing 12-month period. The current price is about 7.41% off the estimated low and -48.95% off the forecast high, based on this estimate. Investors will be thrilled if T’s share price rises to $31.00, which is the median consensus price. At that level, T’s share price would be -24.8% below current price.

To see how AT&T Inc. stock has been performing today in comparison to its peers in the industry, here are the numbers: T stock’s performance was 0.59% at last check in today’s session, and -12.78% in the past year, while The Walt Disney Company (DIS) has been trading -2.46% in recent session and positioned 9.28% higher than it was a year ago. Another comparable company Netflix Inc. (NFLX) saw its stock trading -1.65% lower in today’s session but was up 35.02% in a year. Furthermore, Comcast Corporation (CMCSA) showed an increase of 1.23% today while its price kept inclining at 4.76% over the past year. AT&T Inc. has a P/E ratio of 207.56, compared to The Walt Disney Company’s 139.39 and Netflix Inc.’s 60.46. Also during today’s trading, the S&P 500 Index has plunged -0.22%, while the Dow Jones Industrial also saw a positive session, up 0.07% today.

An evaluation of the daily trading volume of AT&T Inc. (NYSE:T) indicates that the 3-month average is 40.63 million. However, this figure has increased over the past 10 days to an average of 40.1 million.

Currently, records show that 7.17 billion of the company’s shares remain outstanding. The insiders hold 0.09% of outstanding shares, whereas institutions hold 54.10%. The stats also highlight that short interest as of Oct 28, 2021, stood at 98.75 million shares, resulting in a short ratio of 2.09 at that time. From this, we can conclude that short interest is 1.38% of the company’s total outstanding shares. It is noteworthy that short shares in October were down slightly from the previous month’s figure, which was 109.75 million. However, since the stock’s price has seen -14.12% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.