The stock of AT&T, Inc. (NYSE:T) last traded at $17.52, up 0.69% from the previous session.
T stock price is now 3.02% away from the 50-day moving average and 8.64% away from the 200-day moving average. The market capitalization of the company currently stands at $125.62B.
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With the price target maintained at $20, Barclays recently Upgraded its rating from Equal Weight to Overweight for AT&T, Inc. (NYSE: T). On March 05, 2024, Wolfe Research Upgraded its previous ‘Peer Perform’ rating to ‘Outperform’ on the stock keeping its target price maintained at $21, while ‘JP Morgan’ rates the stock as ‘Overweight’
In other news, LUCZO STEPHEN J, Director bought 62,500 shares of the company’s stock on Nov 13 ’23. The stock was bought for $971,875 at an average price of $15.55. Upon completion of the transaction, the Director now directly owns 395,500 shares in the company, valued at $6.93 million. A total of 0.12% of the company’s stock is owned by insiders.
During the past 12 months, AT&T, Inc. has had a low of $13.43 and a high of $18.16. As of last week, the company has a debt-to-equity ratio of 1.44, a current ratio of 0.56, and a quick ratio of 0.51. According to the stock market information, the enterprise value for the company is $290166308864, which is based on a 9.39 price-to-earnings ratio, a 7.71 price-to-earnings-growth ratio, and a beta of 0.57. The fifty day moving average price for T is $17.0132 and a two-hundred day moving average price translates $16.1432 for the stock.
The latest earnings results from AT&T, Inc. (NYSE: T) was released for 2024-03-31. According to the Telecom Services Company, earnings per share came in at 0.63, beating analysts’ expectations of 0.6 by 0.03. This compares to $0.57 EPS in the same period last year. The net profit margin was 10.96% and return on equity was 13.35% for T. The company reported revenue of $30.03 billion for the quarter, compared to $30.14 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -0.37 percent. For the current quarter, analysts expect T to generate $27.56B in revenue.
