AT&T, Inc. (NYSE:T) shares traded -0.23% lower at $21.49 on Wall Street last session.
T stock price is now 8.22% away from the 50-day moving average and 20.04% away from the 200-day moving average. The market capitalization of the company currently stands at $154.09B.
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With the price target of $22, Goldman recently initiated with Buy rating for AT&T, Inc. (NYSE: T). , while ‘Barclays’ 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 $8.5 million. A total of 0.29% of the company’s stock is owned by insiders.
During the past 12 months, AT&T, Inc. has had a low of $14.12 and a high of $22.34. As of last week, the company has a debt-to-equity ratio of 1.40, a current ratio of 0.58, and a quick ratio of 0.53. According to the stock market information, the enterprise value for the company is $316552544256, which is based on a 12.34 price-to-earnings ratio, a 9.42 price-to-earnings-growth ratio, and a beta of 0.57. The fifty day moving average price for T is $19.9106 and a two-hundred day moving average price translates $17.92325 for the stock.
The latest earnings results from AT&T, Inc. (NYSE: T) was released for 2024-06-30. The net profit margin was 10.25% and return on equity was 12.28% for T. The company reported revenue of $29.8 billion for the quarter, compared to $29.92 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -0.4 percent.
