AT&T Inc. [T] Revenue clocked in at $140.24 billion, down -14.04% YTD: What’s Next?

AT&T Inc. [NYSE: T] closed the trading session at $16.01 on 09/23/22. The day’s price range saw the stock hit a low of $15.85, while the highest price level was $16.13. The company report on September 21, 2022 that Tutor Perini Selected as the Design and Construction Contractor for Phase 1 South of the New American Legion Bridge I-270 Traffic Relief Plan.

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Tutor Perini Corporation (NYSE: TPC) (the “Company”), a leading civil, building and specialty construction company, announced today that it has been selected by Accelerate Maryland Partners LLC (“AM Partners”) as the design and construction contractor for Phase 1 South of the New American Legion Bridge I-270 Traffic Relief Plan, one of the largest civil works projects ever undertaken in the United States. Tutor Perini was selected by AM Partners to design and construct both the Phase 1 South A and Phase 1 South B components of the project. Tutor Perini’s team includes O&G Industries (for Phase 1 South A), the Company’s subsidiary – Lunda Construction (for Phase 1 South B), as well as Parsons Corporation (NYSE: PSN) as the lead designer for both Phase 1 South A and B components.

AM Partners, led by Transurban and Macquarie Capital, was selected as the Phase 1 Developer in February 2021 by the Maryland Department of Transportation State Highway Administration (MDOT SHA) following a competitive international search to advance one of the largest transportation projects and leverage a progressive, or predevelopment, P3 delivery model. The predevelopment agreement approach will help ensure project risks are identified and minimized early in the design process, with robust community engagement, to ensure the project is set up for success. The project scope of work includes design and construction to replace and expand the American Legion Bridge and will include two new High Occupancy Toll (HOT) managed lanes in each direction from south of the George Washington Memorial Parkway in Fairfax County, Virginia, to west of MD 187 (Old Georgetown Road) in Montgomery County, Maryland. On I‑270, the project will convert the existing high occupancy vehicle (HOV) lane in each direction to a HOT managed lane and add one new HOT managed lane in each direction on I-270 from I-495 to north of I-370, and on the I-270 east and west spurs.

The stocks have a year to date performance of -14.04 percent and weekly performance of -4.36 percent. The stock has been moved at -9.36 percent over the last six months. The stock has performed -11.10 percent around the most recent 30 days and changed -23.73 percent over the most recent 3-months.

If compared to the average trading volume of 37.55M shares, T reached to a volume of 45931201 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 $21.29 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 2.70. 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.

Barclays have made an estimate for AT&T Inc. shares, keeping their opinion on the stock as Equal Weight, with their previous recommendation back on July 22, 2022. While these analysts kept the previous recommendation, Goldman raised their target price to Buy. The new note on the price target was released on April 25, 2022, representing the official price target for AT&T Inc. stock. Previously, the target price had yet another drop from $34 to $22, while JP Morgan kept a Overweight rating on T stock. On January 27, 2022, analysts decreased their price target for T shares from 29 to 27.

The Average True Range (ATR) for AT&T Inc. is set at 0.31, with the Price to Sales ratio for T stock in the period of the last 12 months amounting to 0.83. The Price to Book ratio for the last quarter was 0.98, with the Price to Cash per share for the same quarter was set at 0.56. Price to Free Cash Flow for T in the course of the last twelve months was 115.15 with Quick ratio for the last quarter at 0.60.

T stock trade performance evaluation

AT&T Inc. [T] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -4.36. With this latest performance, T shares dropped by -11.10% in over the last four-week period, additionally sinking by -9.36% over the last 6 months – not to mention a drop of -22.23% 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 23.07, with the RSI for the last a single of trading hit 18.82, and the three-weeks RSI is set at 26.66 for AT&T Inc. [T]. The present Moving Average for the last 50 days of trading for this stock 17.98, while it was recorded at 16.36 for the last single week of trading, and 18.87 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 +16.85 and a Gross Margin at +39.20. AT&T Inc.’s Net Margin is presently recorded at +11.89.

Return on Equity for this stock inclined to 12.24, with Return on Assets sitting at 3.73.

AT&T Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.60 and a Current Ratio set at 0.70.

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

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 -4.76%.

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

There are presently around $61,534 million, or 54.90% of T stock, in the hands of institutional investors. The top three institutional holders of T stocks are: VANGUARD GROUP INC with ownership of 596,629,289, which is approximately 1.872% of the company’s market cap and around 0.14% of the total institutional ownership; BLACKROCK INC., holding 502,329,367 shares of the stock with an approximate value of $8.04 billion in T stocks shares; and STATE STREET CORP, currently with $4.43 billion in T stock with ownership of nearly -1.143% of the company’s market capitalization.

Positions in AT&T Inc. stocks held by institutional investors increased at the end of July and at the time of the July reporting period, where 1,340 institutional holders increased their position in AT&T Inc. [NYSE:T] by around 309,831,593 shares. Additionally, 1,104 investors decreased positions by around 266,141,335 shares, while 205 investors held positions by with 3,267,521,245 shares. The mentioned changes placed institutional holdings at 3,843,494,173 shares, according to the latest SEC report filing. T stock had 149 new institutional investments in for a total of 23,668,777 shares, while 220 institutional investors sold positions of 59,796,678 shares during the same period.


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