Market Analysts see AT&T Inc. [T] falling to $31. Time to buy?

AT&T Inc. [NYSE: T] closed the trading session at $29.03 on 11/27/20. The day’s price range saw the stock hit a low of $28.88, while the highest price level was $29.19. The company report on November 21, 2020 that AT&T Senior Executive Vice President and CFO John Stephens Updates Shareholders.

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John Stephens, senior executive vice president and chief financial officer of AT&T Inc.* (NYSE:T), spoke at the Morgan Stanley European Tech, Media and Telecommunications Conference where he provided an update to shareholders. He touched on the following areas:.

Customer-centric focus continues to resonate across strategic areas of broadband connectivity (both 5G and fiber) and software-based entertainment. Stephens said he is pleased to see momentum from the third quarter continue in postpaid wireless. He further noted that the ability to further reduce churn, drive incremental adoption of higher-tier unlimited plans that include HBO Max, showcase the company’s industry leading network and give customers what they want should yield positive long-term value creation across AT&T’s customer base. In addition, the combination of HBO Max’s availability on Amazon’s Fire TV and the launch of Wonder Woman 84 on HBO Max and in theaters simultaneously December 25 should expand HBO Max’s attractiveness to both existing and new customers.

The stocks have a year to date performance of -25.72 percent and weekly performance of 2.65 percent. The stock has been moved at -6.14 percent over the last six months. The stock has performed 9.55 percent around the most recent 30 days and changed -3.36 percent over the most recent 3-months.

If compared to the average trading volume of 38.65M shares, T reached to a volume of 15620393 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about AT&T Inc. [T]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for T shares is $31.36 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on T stock is a recommendation set at 2.80. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Credit Suisse have made an estimate for AT&T Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on October 23, 2020. The new note on the price target was released on October 20, 2020, representing the official price target for AT&T Inc. stock. Previously, the target price had yet another raise to $25, while KeyBanc Capital Markets analysts kept a Underweight rating on T stock.

The Average True Range (ATR) for AT&T Inc. is set at 0.55, with the Price to Sales ratio for T stock in the period of the last 12 months amounting to 1.19. The Price to Book ratio for the last quarter was 1.18, with the Price to Cash per share for the same quarter was set at 1.37. Price to Free Cash Flow for T in the course of the last twelve months was 15.87 with Quick ratio for the last quarter at 0.80.

T stock trade performance evaluation

AT&T Inc. [T] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 2.65. With this latest performance, T shares gained by 9.55% in over the last four-week period, additionally sinking by -6.14% over the last 6 months – not to mention a drop of -22.92% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for T stock in for the last two-week period is set at 58.56, with the RSI for the last a single of trading hit 61.21, and the three-weeks RSI is set at 56.32 for AT&T Inc. [T]. The present Moving Average for the last 50 days of trading for this stock 28.08, while it was recorded at 28.84 for the last single week of trading, and 30.18 for the last 200 days.

AT&T Inc. [T]: An insightful look at the core fundamentals

Operating Margin for any stock indicates how profitable investing would be, and AT&T Inc. [T] shares currently have an operating margin of +16.76 and a Gross Margin at +38.01. AT&T Inc.’s Net Margin is presently recorded at +7.67.

Return on Total Capital for T is now 7.99, given the latest momentum, and Return on Invested Capital for the company is 3.93. Return on Equity for this stock inclined to 7.55, with Return on Assets sitting at 2.57. When it comes to the capital structure of this company, AT&T Inc. [T] has a Total Debt to Total Equity ratio set at 102.27. Additionally, T Total Debt to Total Capital is recorded at 50.56, with Total Debt to Total Assets ending up at 34.15. Long-Term Debt to Equity for the company is recorded at 93.97, with the Long-Term Debt to Total Capital now at 46.46.

Reflecting on the efficiency of the workforce at the company, AT&T Inc. [T] managed to generate an average of $56,516 per employee. Receivables Turnover for the company is 6.59 with a Total Asset Turnover recorded at a value of 0.33.AT&T Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.80 and a Current Ratio set at 0.80.

Earnings per share (EPS) analysis for AT&T Inc. [T] stock

With the latest financial reports released by the company, AT&T Inc. posted 0.89/share EPS, while the average EPS was predicted by analysts to be reported at 0.87/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 2.30%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for T. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for AT&T Inc. go to -1.74%.

AT&T Inc. [T]: Insider Ownership positions

There are presently around $108,801 million, or 53.70% of T stock, in the hands of institutional investors. The top three institutional holders of T stocks are: VANGUARD GROUP INC with ownership of 561,173,481, which is approximately -1.674% of the company’s market cap and around 0.08% of the total institutional ownership; BLACKROCK INC., holding 481,902,231 shares of the stock with an approximate value of $13.99 billion in T stocks shares; and STATE STREET CORP, currently with $8.53 billion in T stock with ownership of nearly 0.086% of the company’s market capitalization.

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Positions in AT&T Inc. stocks held by institutional investors increased at the end of October and at the time of the October reporting period, where 1,117 institutional holders increased their position in AT&T Inc. [NYSE:T] by around 88,830,889 shares. Additionally, 1,260 investors decreased positions by around 186,387,592 shares, while 184 investors held positions by with 3,472,671,291 shares. The mentioned changes placed institutional holdings at 3,747,889,772 shares, according to the latest SEC report filing. T stock had 88 new institutional investments in for a total of 10,501,713 shares, while 123 institutional investors sold positions of 14,430,144 shares during the same period.

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