AT&T Inc. (T) shares are trading at lower $29.67 and the avg recommendation for the stock is Moderate Buy. while the current analyst price target stands at $32.46.
To add more color to this target, the company’s high over the last year is $39.70 and the low is $26.08. Over the last 52 weeks, T is down -25.26% while the S&P 500 is up 0.31%. The catalyst for this interesting swing was the company’s recent earnings report.
A Notable Earnings Report
In the last quarter, T reported a profit of $3.53 billion. AT&T Inc. also saw revenues increase to $40.95 billion. In addition, T has free cash flow of $11.55 billion as of 06-2020. The company’s EBITDA came in at $12.53 billion which compares well with its peers.
T booked profit margins of 6.80%, its Return on Equity (ROE) is 6.60%, and its Return on Assets is 2.20%. All told, it is clear that, T needs to be on your watchlist.
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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. T has a short ratio of 3.50 and outstanding shares of 7.15B.
T has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 25.85 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at 1.64. AT&T Inc. T also noted assets of $547.9 billion at the end of the last quarter. Investors should also keep an eye on sector updates as T has historically followed its peers on positive news.
All told, AT&T Inc. T has strung together solid data and demonstrated underlying fundamentals. At its current valuation, T represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.
AT&T Inc. T is now commanding a market cap of 210.69B and a float of 7.12B. T is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of T stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!
Disclosure: we hold no position in T, either long or short, and we have not been compensated for this article.