AT&T Inc. (NYSE:T) reached $215.24B by 08-February-19 in the wake of 0.34% advance. The shares gained some momentum after bears carried it down to $29.1. The final price for the day of 29.55 was still down from $29.56. The stock remained range bound between $29.1 and $29.56. Trading activity significantly weakened as the volume at ready counter decreased to 24,186,814 shares versus 34,827,289 in average daily trading volume over the past 20 days. So far this year, the volume has averaged about 36,165,715 shares. The stock is now 10.26% above against its bear-market low of $26.8 on December 26, 2018. It has retreated -27.95% since it’s 52-week high of $37.81 reached in March. Now the market price is down -19.98% on the year and up 3.54% YTD.
T’s 50 day simple moving average (SMA 50) price is $30.01 and its 200-day simple moving average (SMA 200) price is $31.65. The company’s stock currently has a total float of 7.27B shares. Its weekly volatility is hovering around 1.43% and felt 1.67% volatility in price over a month. On the upside, the share price will test short term resistance at around $29.71. On a downside, the stock is likely to find some support, which begins at $29.25. The failure to get near-term support could push it to $28.94.
Separately, it has been reported that multiple insider activity took place at AT&T Inc. (T). Director Mccallister Michael B acquired 7,000 shares for $48,803 in transaction occurred on 2019/02/05. After making this transaction, the Director owns a direct stake of 207,130 shares, worth $1,442,129, as per the last closing price. On 2019/02/04 Yang Geoffrey Y, Director at T, purchased 33,558 shares at an average price of $29.79 per share. The new stake is valued at $6,107,808.
CEO, Warner Media, LLC, Stankey John T had divested 3,748 shares for $683,714 through a trade on 2019/01/31. Following this activity, the insider holds 111,840 shares worth $20,203,749 as of recent close. Wall Street’s most bullish AT&T Inc. (NYSE:T) analysts are predicting the share price to blow past $43 per share during the next 12 months. The current median share price forecast by them is $34, suggesting that the stock could increase 15.06% in that time frame. The average price target of $33.76 calls for a nearly 14.25% increase in the stock price.
It had seen a positive analyst call from Citigroup, which upgraded the stock from Neutral to Buy on December 11. Analysts at JP Morgan, shed their negative views on December 03 by lifting it fromNeutral to Overweight. The stock won favor of MoffettNathanson analysts who expressed their confidence in it using an upgrade from Sell to Neutral on November 26.
When looking at valuations, AT&T Inc. (T) has a cheap P/E of 10.3x as compared to industry average of 16.17x. Moreover, it trades for 8.11 times the next 12 months of expected earnings. Also, it is trading at rather expensive levels at just over 1.17x price/book and 1.26x price/sales. Compared to others, AT&T Inc. is in a different league with regards to profitability, having net margins of 18.7%. To put some perspective around this, the industry’s average net margin is 6.86%. T’s ROE is 19.5%, which is also considerably better than the industry’s ROE of 6.01%. It’s also not liquid in the near term, with a current ratio of 0.8. The stock has a debt/capital of 1.
T last reported earnings on January 30, 2019 when it released Dec-18 results that receded expectations. The company raked in $0.86 per share, 230.77% change on the same period last year. That was worse than consensus for $0.86. Revenue for the recent quarter stood at $47.99 billion, up 15% on last year and below the $48.49 billion predicted by analysts. For this quarter, Wall Street analysts forecast revenue in a range of $44.2 billion to $45.91 billion, which should be compared with $40.83 billion generated last year. EPS is seen in a range of $0.77 to $0.92, against the $0.91 reported a year ago.