AT&T Inc. [NYSE: T] stock went on a downward path that fall over -0.87% on Monday, amounting to a one-week price decrease of less than -5.16%. The company report on May 25, 2021 that AT&T Chief Executive Officer John Stankey Updates Shareholders.
John Stankey, chief executive officer of AT&T Inc.* (NYSE:T), spoke at the J.P. Morgan Global Technology, Media and Communications Conference, where he provided an update to shareholders.
Underlying Business Momentum Supports Strategic FocusStankey said that he and AT&T’s board of directors considered a variety of opportunities for the company, and that the strategic separation of its media and communications operations reflects their confidence in the underlying market momentum in both businesses.
Over the last 12 months, T stock dropped by -0.44%. The one-year AT&T Inc. stock forecast points to a potential upside of 1.1. The average equity rating for T stock is currently 2.90, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $209.80 billion, with 7.16 billion shares outstanding and 7.13 billion shares in the current float. Compared to the average trading volume of 49.05M shares, T stock reached a trading volume of 47524971 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on 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 $30.08 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.
UBS have made an estimate for AT&T Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on May 21, 2021. The new note on the price target was released on May 21, 2021, representing the official price target for AT&T Inc. stock.
The Average True Range (ATR) for AT&T Inc. is set at 0.74, with the Price to Sales ratio for T stock in the period of the last 12 months amounting to 1.21. The Price to Book ratio for the last quarter was 1.29, with the Price to Cash per share for the same quarter was set at 1.61. Price to Free Cash Flow for T in the course of the last twelve months was 14.51 with Quick ratio for the last quarter at 0.80.
T Stock Performance Analysis:
AT&T Inc. [T] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -5.16. With this latest performance, T shares dropped by -5.25% in over the last four-week period, additionally plugging by 5.20% over the last 6 months – not to mention a drop of -0.44% 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 40.36, with the RSI for the last a single of trading hit 36.78, and the three-weeks RSI is set at 43.41 for AT&T Inc. [T]. The present Moving Average for the last 50 days of trading for this stock 30.66, while it was recorded at 29.58 for the last single week of trading, and 29.35 for the last 200 days.
Insight into AT&T Inc. 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.
T Stock EPS
With the latest financial reports released by the company, AT&T Inc. posted 0.83/share EPS, while the average EPS was predicted by analysts to be reported at 0.79/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 5.10%. 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 1.10%.
AT&T Inc. [T] Insider Position Details
There are presently around $109,598 million, or 52.70% of T stock, in the hands of institutional investors. The top three institutional holders of T stocks are: VANGUARD GROUP INC with ownership of 561,751,567, which is approximately 0.908% of the company’s market cap and around 0.10% of the total institutional ownership; BLACKROCK INC., holding 492,116,917 shares of the stock with an approximate value of $14.64 billion in T stocks shares; and STATE STREET CORP, currently with $8.57 billion in T stock with ownership of nearly 0.075% of the company’s market capitalization.
Positions in AT&T Inc. stocks held by institutional investors increased at the end of April and at the time of the April reporting period, where 1,288 institutional holders increased their position in AT&T Inc. [NYSE:T] by around 183,288,309 shares. Additionally, 1,268 investors decreased positions by around 198,945,195 shares, while 187 investors held positions by with 3,301,747,344 shares. The mentioned changes placed institutional holdings at 3,683,980,848 shares, according to the latest SEC report filing. T stock had 149 new institutional investments in for a total of 17,383,451 shares, while 121 institutional investors sold positions of 7,922,877 shares during the same period.