Summary
-
AT&T (T) shows strong technical indicators with 100% buy signals, a 62.91% gain in the last year, and is above key moving averages.
The Barchart Brief: Your FREE insider update on the biggest news stories and investing trends, delivered midday Fundamental factors include a market cap of $203 billion, a P/E of 12.47, and a dividend yield of 3.93%, with mixed revenue and earnings growth projections.
Analysts' sentiment is generally positive with multiple strong buy ratings and a consensus price target of $26, despite some hold recommendations.
AT&T's strategic focus on 5G, streaming services, and potential acquisitions like Lumen's mass-markets business could drive future growth and monetization opportunities.
The Chart of the Day belongs to the communication services company AT&T (T) . I found the stock by using Barchart's powerful screening functions to find stocks with the highest technical buy signals, highest Weighted Alpha, superior current momentum and having a Trend Seeker buy signal then used the Flipchart feature to review the charts for consistent price appreciation. Since the Trend Seeker signaled a buy on 3/17 the stock gained 6.37%.
T Price vs Daily Moving Averages:
T (Barchart)
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. With assets like HBO, CNN and TNT, AT&T's acquisition of Time Warner has created new kinds of online videos and opened up avenues for targeted advertisements. The company is also focusing on streaming services with AT&T TV and HBO Max. This is likely to create other avenues to monetize content as it expands 5G coverage across the country.
Barchart's Opinion Trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 20 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com website when you read this report.
Barchart Technical Indicators:
- 100% technical buy signals
- 69.54+ Weighted Alpha
- 62.91% gain in the last year
- Trend Seeker buy signal
- Above its 20, 50 and 100 day moving averages
- 6 new highs and up 4.01% in the last month
- Relative Strength Index 71.16%
- Technical support level at $28.14
- Recently traded at $28.48 with 50 day moving average of $25.87
Fundamental Factors:
- Market Cap $203 billion
- P/E 12.47
- Dividend yield 3.93%
- Revenue expected to grow 1.32% this year and another 1.11% next year
- Earnings estimated to decrease 7.13% this year but increase again by 7.35% next year
Analysts and Investor Sentiment -- I don't buy stocks because everyone else is buying but I do realize that if major firms and investors are dumping a stock it's hard to make money swimming against the tide:
- Wall Street analysts issued 17 strong buy, 3 buy, 7 hold and 1 sell opinion on the stock with price targets between $15.49 and $32.00 with a consensus of $26.
- Value Line has an average rating with a price target of $26 and comments:" These shares are ranked to mirror the broader market averages in the coming six to 12 months. This equity is up nearly 16% since our last report three months ago. Even so, the stock still offers worthwhile 3- to 5-year capital appreciation potential and should be of interest to long-term investors. Income investors should like what they see here too"
- CFRAs MarketScope give the stock a hold rating with a price target of $26 and comments:"Our Hold recommendation reflects our view that AT&T is beginning to turn things around following strong Q3 2024 and Q4 results."
- MorningStar thinks the stock is fairly valued and comments:" Bloomberg reports that AT&T is in talks to acquire Lumen's mass-markets business, which owns fixed-line networks reaching about 22 million homes and businesses, primarily in the western US. Lumen sold a portion of this business in 2022 and has made no secret of its desire to sell the rest."
- Of the 12,124 investors following the stock on Motley Fool 10,784 investors think the stock will beat the market while 1,335 think it won't
- 570,870 investors monitor the stock on Seeking Alpha which rates the stock a hold while Seeking Alpha rates the stock a hold
Additional disclosure: The Barchart Chart of the Day highlights stocks that are experiencing exceptional current price appreciation. They are not intended to be buy recommendations as these stocks are extremely volatile and speculative. Should you decide to add one of these stocks to your investment portfolio it is highly suggested you follow a predetermined diversification and moving stop loss discipline that is consistent with your personal investment risk tolerance and reevaluate your stop losses at least on a weekly basis.
On the date of publication, Jim Van Meerten did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
