Market Report: Wall Street Is Betting Big On AT&T Inc. (T)

AT&T Inc. (T), a Telecom Services corporation, was a gaining stock in the previous trading session. AT&T Inc. (T) stock started the day for trading at $30.85 and closed the day at $31.23 with momentum of +3.55%. The increase movement in AT&T Inc. (T) beat the movement in the DOW for the day which gained +2.99% in previous trading session.

AT&T Inc. (T) is focused on the Telecom Services sector. This sector has seen some action from day traders in recent days. Bullish day traders of AT&T Inc. (T) will be looking for positive upcoming earnings whereas bearish day traders of AT&T Inc. (T) will be looking for negative earnings. The last time AT&T Inc. (T) had an earnings surprise was on Qtr Ending 12/19 when they reported $0.89 compared to an estimate of $0.88 which was a difference of $+0.01 resulting in a change of +1.14%. Current earnings estimates are to be released for Current Qtr 03/2020 on AT&T Inc. (T) and out of 18 Wall Street estimates the average is saying $0.85. The high estimate is saying $0.90 whereas the low estimate is saying $0.72 and the prior year AT&T Inc. (T) announced earnings at $0.86 a growth rate est. (year over year) of -1.16%.

The market performance of AT&T Inc. (T) has varied recently. Year to date AT&T Inc. (T)’s shares are down -20.09%. Over the past 12 weeks AT&T Inc. (T) is down -19.16% and over the last 4 weeks AT&T Inc. (T) is up 0.26%. AT&T Inc. (T) current income statement shows revenue (ttm) of $181.19B. Gross Profit is $97.05B. This puts the current EBITDA of AT&T Inc. (T) at $52.64B.

Wall street day traders might also notice recent changes to stock analyst estimates for AT&T Inc. (T). The stock is trading with an RSI (relative strength index) of 50.14 indicating AT&T Inc. (T) is neither overbought nor oversold. Technically, T’s short term support levels are around $12.14, $174.19 and $165.30 on the downside. Ts short term resistance levels are $23.72, $23.12 and $22.49 on the upside. The market cap of AT&T Inc. (T) is $224.329B and institutions hold 57.52% of the stock. The outstanding share count stands at 7.31B while the short float (shares short) stands at 1.79%.

Research shows that these earning estimate changes look to be directly correlated with short-term stock prices. The day traders can look to capitalize on the basis of ranking. AT&T Inc. (T) has short term rating of Neutral (0.02), Intermediate rating of Neutral (-0.10) and long-term rating of Very Bearish (-0.54) giving AT&T Inc. (T) an overall rating of Neutral (-0.21).

The EPS growth this year on AT&T Inc. (T) is decreased -30.90% and is expected to increase 5.47% next year. However, quarterly earnings (EPS) growth year over year on AT&T Inc. (T) has decreased by -42.30% and quarterly revenue (Sales) growth year over year stands at -2.40%. Gross margin is detected at 53.60% that represents the percent of total sales revenue that the company retains after direct cost of goods sold. Net profit margin (ttm) is 7.70% while return on equity (ttm) is 7.50%.

Recent Developments:

2020-04-15 – WarnerMedia And Charter Communications Announce Distribution Agreement For HBO Max.
2020-04-07 – CNN Says Acquired Assets, Hired Development Team Of Canopy – Blog.
2020-04-07 – At&T Inc On April 6, Entered Into A $5.5 Billion Term Loan Credit Agreement.
2020-04-01 – Jason Kilar Named CEO Of Warnermedia.
2020-03-27 – At&T Sets Quarterly Dividend Of $0.52 Per Share.

About Company:

Based in Dallas, TX, AT&T Inc. is the second largest wireless service provider in North America and one of the world’s leading communications service carriers. Through its subsidiaries and affiliates, the company offers a wide range of communication and business solutions that include wireless, local exchange, long-distance, data/broadband and Internet, video, managed networking, wholesale and cloud-based services.

Leave a Comment