AT&T Inc. (T) Monthly Stock Report
Publication Date: September 22, 2024
Company Overview
AT&T Inc. (T) is a prominent telecommunications and technology services provider headquartered in Dallas, Texas. Operating globally, the company specializes in the Telecom Services industry, delivering a diverse range of products, including wireless voice and data communications, broadband services, cloud solutions, and managed services. With a focus on fulfilling the needs of individual consumers and multinational corporations alike, AT&T has established a notable presence in the Communication Services sector. AT&T operates under well-known brand names such as AT&T, AT&T Business, and Cricket, emphasizing its commitment to technological innovation. The company’s Latin America segment further bolsters its portfolio by catering to wireless services and devices specifically in Mexico.
Financial Analysis
Currently, AT&T boasts a strong financial outlook, reporting total revenues of approximately $122.2 billion. Analysts rate the stock as a “buy,” reflecting optimism about growth potential. The stock trades at $21.54, with a target high price of $29.00, suggesting significant appreciation opportunities. Despite a more cautious target mean price of $21.31, the stock’s performance remains robust, given its current position above the fifty-two week low of $14.12 and just below the high of $22.34. The median target price of $22.00 and an analyst consensus score of 2.3 underscore the confidence in AT&T’s growth trajectory, providing favorable prospects for investors looking for opportunities in the telecommunications sector.
Market Sentiment and Investor Confidence
Investors’ confidence in AT&T is reflected in its share structure, with approximately 7.17 billion shares outstanding and only about 1.71% short interest relative to the total float. This indicates a generally positive sentiment towards the stock, suggesting that the market anticipates continued strong performance. The fifty-day moving average of $19.857 positions the stock comfortably above recent performance metrics, signaling a solid upward trend. With significant potential for growth and a favorable investment recommendation, AT&T presents an attractive option for investors looking to capitalize on developments in the telecommunications landscape.
| Metric | Value |
|---|---|
| Market Cap | $154.4b |
| Total Debt | $149.6b |
| Total Cash | $3.2b |
| Shares Outstanding | 7.2b |
| Float Shares | 7.2b |
Disclaimer:
The information provided in this monthly report is for informational purposes only and should not be construed as financial, investment, or trading advice. AltStation.io does not guarantee the accuracy, completeness, or timeliness of the data and analyses presented. The content is based on publicly available information, and while we strive to ensure its accuracy, errors and omissions may occur.
Investing in stocks, cryptocurrencies, and other financial instruments involves significant risk, including the potential loss of principal. Past performance is not indicative of future results. Readers should conduct their own research and consult with a qualified financial advisor before making any investment decisions. AltStation.io and its affiliates are not responsible for any losses incurred as a result of using this report.
By using this report, you acknowledge that you understand and accept these terms.