AT&T, Inc. (T): A Great Stock For Handling Current Market Conditions?

Currently, there are 7.15B common shares owned by the public and among those 7.14B shares have been available to trade.

Insiders at the company have transacted a total of 104 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 83 of these insider trades were purchases, accounting for 1,324,955 shares. Insider sales of the common stock occurred on 21 occasions, with total insider shares sold totaling 1,222,042 shares.

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However, the script later moved the day high at 17.98, down -1.16%. The company’s stock has a 5-day price change of 3.12% and 14.44% over the past three months. T shares are trading 6.26% year to date (YTD), with the 12-month market performance down to -11.65% lower. It has a 12-month low price of $13.43 and touched a high of $20.49 over the same period. T has an average intraday trading volume of 38.29 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 4.87%, 6.40%, and 13.16% respectively.

Institutional ownership of AT&T, Inc. (NYSE: T) shares accounts for 56.29% of the company’s 7.15B shares outstanding.

It has a market capitalization of $127.48B and a beta (3y monthly) value of 0.55. The stock’s trailing 12-month PE ratio is 9.08, while the earnings-per-share (ttm) stands at $1.96. The company has a PEG of 11.84 and a Quick Ratio of 0.67 with the debt-to-equity ratio at 1.50. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.74% over the week and 1.87% over the month.

Analysts forecast that AT&T, Inc. (T) will achieve an EPS of $0.54 for the current quarter, $0.57 for the next quarter and $2.3 for 2025. The lowest estimate earnings-per-share for the quarter is $0.5 while analysts give the company a high EPS estimate of $0.6. Comparatively, EPS for the current quarter was $0.6 a year ago. Earnings per share for the fiscal year are expected to decrease by -7.34%, and 3.25% over the next financial year. EPS should grow at an annualized rate of 0.77% over the next five years, compared to -7.26% over the past 5-year period.

Looking at the support for the T, a number of firms have released research notes about the stock. JP Morgan stated their Overweight rating for the stock in a research note on February 01, 2024, with the firm’s price target at $18-$21.

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