AT&T Inc. [NYSE: T] jumped around 0.37 points on Monday, while shares priced at $29.99 at the close of the session, up 1.25%. The company report on March 9, 2021 that AT&T Senior Executive Vice President and CFO John Stephens Updates Shareholders.
John Stephens, senior executive vice president and chief financial officer of AT&T Inc.* (NYSE:T), spoke at the Deutsche Bank Media, Internet & Telecom Conference where he provided an update to shareholders. He addressed the following areas and noted that the company will hold an Analyst & Investor Day on March 12 at 9 a.m. CT.
Mobility. Stephens noted that AT&T believes it has the right approach to the market, providing customers with the best possible wireless offers to reduce churn and maintain a high-quality base. The company has continued to invest strategically in its network, including during the recent C-Band Auction (Auction 107). Stephens said that through its flexible plans and best offers, AT&T is attracting and keeping customers on its higher value plans. AT&T also has the fastest wireless network in the nation,1 which also helps attract and retain customers.
AT&T Inc. stock is now 4.28% up from its year-to-date (YTD) trading value. T Stock saw the intraday high of $30.39 and lowest of $29.42 per share. The company’s 52-week high price is 37.25, which means current price is +7.53% above from all time high which was touched on 03/08/21.
Compared to the average trading volume of 45.27M shares, T reached a trading volume of 55830099 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus 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 $29.53 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 2.90. 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.
Oppenheimer have made an estimate for AT&T Inc. shares, keeping their opinion on the stock as Perform, with their previous recommendation back on February 25, 2021. The new note on the price target was released on January 04, 2021, representing the official price target for AT&T Inc. stock. Previously, the target price had yet another raise to $34, while Morgan Stanley analysts kept a Equal-Weight rating on T stock. On October 23, 2020, analysts decreased their price target for T shares from 33 to 31.
The Average True Range (ATR) for AT&T Inc. is set at 0.60, with the Price to Sales ratio for T stock in the period of the last 12 months amounting to 1.22. The Price to Book ratio for the last quarter was 1.33, with the Price to Cash per share for the same quarter was set at 1.40. Price to Free Cash Flow for T in the course of the last twelve months was 16.71 with Quick ratio for the last quarter at 0.80.
How has T stock performed recently?
AT&T Inc. [T] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 6.76. With this latest performance, T shares gained by 3.81% in over the last four-week period, additionally plugging by 1.35% over the last 6 months – not to mention a drop of -19.01% 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 62.20, with the RSI for the last a single of trading hit 67.89, and the three-weeks RSI is set at 58.74 for AT&T Inc. [T]. The present Moving Average for the last 50 days of trading for this stock 28.93, while it was recorded at 29.09 for the last single week of trading, and 29.29 for the last 200 days.
AT&T Inc. [T]: Deeper insight into the fundamentals
Operating Margin for any stock indicates how profitable investing would be, and AT&T Inc. [T] shares currently have an operating margin of +14.97 and a Gross Margin at +36.87. AT&T Inc.’s Net Margin is presently recorded at -3.01.
Return on Total Capital for T is now 6.83, given the latest momentum, and Return on Invested Capital for the company is -1.49. Return on Equity for this stock declined to -2.99, with Return on Assets sitting at -0.96. When it comes to the capital structure of this company, AT&T Inc. [T] has a Total Debt to Total Equity ratio set at 113.18. Additionally, T Total Debt to Total Capital is recorded at 53.09, with Total Debt to Total Assets ending up at 34.80. Long-Term Debt to Equity for the company is recorded at 108.85, with the Long-Term Debt to Total Capital now at 51.06.
Reflecting on the efficiency of the workforce at the company, AT&T Inc. [T] managed to generate an average of -$22,504 per employee. Receivables Turnover for the company is 6.93 with a Total Asset Turnover recorded at a value of 0.32.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 analysis for AT&T Inc. [T]
With the latest financial reports released by the company, AT&T Inc. posted 0.84/share EPS, while the average EPS was predicted by analysts to be reported at 0.85/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -1.20%. 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 1.36%.
Insider trade positions for AT&T Inc. [T]
There are presently around $111,013 million, or 53.10% of T stock, in the hands of institutional investors. The top three institutional holders of T stocks are: VANGUARD GROUP INC with ownership of 556,695,212, which is approximately -0.798% of the company’s market cap and around 0.08% of the total institutional ownership; BLACKROCK INC., holding 485,568,654 shares of the stock with an approximate value of $14.56 billion in T stocks shares; and STATE STREET CORP, currently with $8.63 billion in T stock with ownership of nearly -2.098% of the company’s market capitalization.
Positions in AT&T Inc. stocks held by institutional investors increased at the end of January and at the time of the January reporting period, where 1,217 institutional holders increased their position in AT&T Inc. [NYSE:T] by around 119,705,138 shares. Additionally, 1,344 investors decreased positions by around 157,295,674 shares, while 141 investors held positions by with 3,424,676,431 shares. The mentioned changes placed institutional holdings at 3,701,677,243 shares, according to the latest SEC report filing. T stock had 274 new institutional investments in for a total of 22,650,833 shares, while 106 institutional investors sold positions of 18,483,427 shares during the same period.