With over 32.93 million AT&T, Inc. (T) shares trading Friday and a closing price of $17.47 on the day, the dollar volume was approximately $575.24 million. The shares have shown a positive half year performance of 11.92% and its price on 01/05/24 gained nearly 1.87%. Currently, there are 7.15B common shares owned by the public and among those 7.14B shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 27 analysts who have offered their price forecasts for T have a consensus price objective of $17.93. The analysts have set the share’s price value over the next 12 months at a high of $25.00 and a low of $9.00. The average price target is 2.57% above its recent price level and a downside to the estimated low will see the stock lose -94.11% over that period. But an upside of 30.12% will see the stock hit the forecast high price target while median target price for the stock is $18.10.
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Insiders at the company have transacted a total of 240 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 138 of these insider trades were purchases, accounting for 3,003,604 shares. Insider sales of the common stock occurred on 102 occasions, with total insider shares sold totaling 2,712,699 shares.
Shares of AT&T, Inc. (NYSE: T) opened at $17.16, up $0.01 from a prior closing price of $17.15. However, the script later moved the day high at 17.51, up 1.87%. The company’s stock has a 5-day price change of 4.36% and 17.80% over the past three months. T shares are trading 4.11% year to date (YTD), with the 12-month market performance down to -8.73% lower. It has a 12-month low price of $13.43 and touched a high of $20.50 over the same period. T has an average intraday trading volume of 37.66 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 4.48%, 7.74%, and 9.37% respectively.
Institutional ownership of AT&T, Inc. (NYSE: T) shares accounts for 56.35% of the company’s 7.15B shares outstanding.
It has a market capitalization of $124.91B and a beta (3y monthly) value of 0.55. The earnings-per-share (ttm) stands at -$1.63. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.76% over the week and 1.67% over the month.
Analysts forecast that AT&T, Inc. (T) will achieve an EPS of $Tesla, Inc. for the current quarter, $237.49 for the next quarter and $Stocks for Type. The lowest estimate earnings-per-share for the quarter is $Medical Properties Trust, Inc. while analysts give the company a high EPS estimate of $Tuttle Capital Daily 2X Inverse. Comparatively, EPS for the current quarter was $Palantir Technologies Inc. a year ago. Earnings per share for the fiscal year are expected to decrease by -5.31%, and 1.07% over the next financial year.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 27 brokerage firm advisors rate AT&T, Inc. (T) as a “Moderate Buy” at a consensus score of 2.52. Specifically, 9 Wall Street analysts polled rate the stock as a buy, while 14 of the 27 advise that investors “hold,” and 3 rated it as a “Sell.”
Looking at the support for the T, a number of firms have released research notes about the stock. Scotiabank stated their Sector Outperform rating for the stock in a research note on October 20, 2023, with the firm’s price target at $18.50.
