Uncovering Institutional Buying In AT&T, Inc (NYSE: T)

Currently, there are 7.17B common shares owned by the public and among those 7.16B shares have been available to trade.

The company’s stock has a 5-day price change of -1.05% and 6.11% over the past three months. T shares are trading 40.82% year to date (YTD), with the 12-month market performance up to 43.65% higher. It has a 12-month low price of $15.94 and touched a high of $24.03 over the same period. T has an average intraday trading volume of 33.87 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 1.63%, 5.16%, and 21.11% respectively.

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Institutional ownership of AT&T, Inc (NYSE: T) shares accounts for 61.83% of the company’s 7.17B shares outstanding.

It has a market capitalization of $171.51B and a beta (3y monthly) value of 0.57. The stock’s trailing 12-month PE ratio is 19.21, while the earnings-per-share (ttm) stands at $1.23. The company has a PEG of 16.01 and a Quick Ratio of 0.54 with the debt-to-equity ratio at 1.43. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.06% over the week and 1.72% over the month.

Earnings per share for the fiscal year are expected to decrease by -8.73%, and -0.51% over the next financial year. EPS should grow at an annualized rate of 1.20% over the next five years, compared to -7.15% over the past 5-year period.

Looking at the support for the T, a number of firms have released research notes about the stock. Oppenheimer stated their Outperform rating for the stock in a research note on December 10, 2024, with the firm’s price target at $28. Bernstein coverage for the AT&T, Inc (T) stock in a research note released on December 10, 2024 offered a Outperform rating with a price target of $28. New Street was of a view on December 03, 2024 that the stock is Buy, while Goldman gave the stock Buy rating on July 01, 2024, issuing a price target of $22. Exane BNP Paribas on their part issued Neutral rating on June 11, 2024.

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