Market Analysts see AT&T, Inc. [T] gaining to $18.50. Time to buy?

AT&T, Inc. [NYSE: T] traded at a high on 11/03/23, posting a 0.95 gain after which it closed the day’ session at $15.88. The company report on November 2, 2023 at 4:30 PM that Tutor Perini Announces Conference Call to Discuss Third Quarter 2023 Results.

Tutor Perini Corporation (NYSE: TPC) (the “Company”), a leading civil, building and specialty construction company, announced today that it will host a conference call at 2:00 PM Pacific Time on Thursday, November 9, 2023, to discuss the Company’s third quarter 2023 results.

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Speakers on the call from Tutor Perini will be Ronald Tutor, Chairman and CEO, and Gary Smalley, Executive Vice President and CFO. The Company plans to issue its earnings announcement the same day after the market close.

The results of the trading session contributed to over 42789439 shares changing hands. Over the past one week, the price volatility of AT&T, Inc. stands at 1.78% while the volatility over the past one month is 2.43%.

The market cap for T stock reached $113.54 billion, with 7.15 billion shares outstanding and 7.14 billion shares in the current float. Compared to the average trading volume of 37.76M shares, T reached a trading volume of 42789439 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 $17.86 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 2.37. 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.

Scotiabank have made an estimate for AT&T, Inc. shares, keeping their opinion on the stock as Sector Outperform, with their previous recommendation back on October 20, 2023.

The Average True Range (ATR) for AT&T, Inc. is set at 0.39, with the Price to Sales ratio for T stock in the period of the last 12 months amounting to 0.93. The Price to Book ratio for the last quarter was 1.09, with the Price to Cash per share for the same quarter was set at 1.07. Price to Free Cash Flow for T in the course of the last twelve months was 7.09 with Quick ratio for the last quarter at 0.53.

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 7.15. With this latest performance, T shares gained by 7.08% in over the last four-week period, additionally sinking by -7.30% over the last 6 months – not to mention a drop of -13.84% 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 62.39, with the RSI for the last a single of trading hit 66.41, and the three-weeks RSI is set at 59.83 for AT&T, Inc. [T]. The present Moving Average for the last 50 days of trading for this stock 14.89, while it was recorded at 15.57 for the last single week of trading, and 16.54 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 +19.34 and a Gross Margin at +42.96. AT&T, Inc.’s Net Margin is presently recorded at -6.91.

Return on Total Capital for T is now 7.16, given the latest momentum, and Return on Invested Capital for the company is -2.85. Return on Equity for this stock declined to -6.32, with Return on Assets sitting at -1.75. When it comes to the capital structure of this company, AT&T, Inc. [T] has a Total Debt to Total Equity ratio set at 162.28. Additionally, T Total Debt to Total Capital is recorded at 61.87, with Total Debt to Total Assets ending up at 39.28. Long-Term Debt to Equity for the company is recorded at 150.85, with the Long-Term Debt to Total Capital now at 57.52.

Reflecting on the efficiency of the workforce at the company, AT&T, Inc. [T] managed to generate an average of -$51,917 per employee. Receivables Turnover for the company is 6.34 with a Total Asset Turnover recorded at a value of 0.25.AT&T, Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.53 and a Current Ratio set at 0.58.

Earnings analysis for AT&T, Inc. [T]

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 0.49%.

Insider trade positions for AT&T, Inc. [T]

The top three institutional holders of T stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2579%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $201.66 billion in T stocks shares; and BERKSHIRE HATHAWAY INC, currently with $177.59 billion in T stock with ownership which is approximately 5.7994%.