AT&T Inc. (T): What Technical Petterns Are Suggesting?

Taking everything into account, AT&T Inc. (NYSE:T) scores 40% Sell on the technical side. The stock is also flashing a Sell from the Barchart TrendSpotter trading system. Traders hoping to speculate on the T’s short-term trajectory should know that short terms indicators for the stock averaged 20% Sell with an average daily trading volume over the past 20 days at 35923602 shares. T stock has overall a 0.25% Sell signal considering medium term indicators and the 50-day average daily volume remained almost 38255637 shares. It’s also worth noting that the stock, whose average daily volume over the 100 days prior to this writing was shares, is 67% Sell on the basis of long term indicators.

The share price is currently staying around the first support level of $30.07. Below this, the next support is placed in the zone of $29.6. Till the time, the T stock trades above this level, bulls have nothing to fear. On momentum oscillators front, ‘RSI’ has touched 46.12 on daily chart, which may remain a cause for concern. If the price breaks below $29.6 level on closing basis, then we may see more profit booking and the stock may show further weakness. On the flipside, hitting the $30.78 mark may result into a pull-back move towards $31.02 level.

AT&T Inc. (T) is projected to climb by 12.55 percent over the next 12 months, according to price target estimates compiled by finviz. Meanwhile, they have set a $43-month high price target. This represents a whopping 40.85 percent increase from where shares are trading today. The 12-month median price target assigned by the analysts stands at $35, which represents a return potential of 14.64 percent when compared to the closing price of the stock of $30.53 on Thursday, December 06. The lowest price target for the stock is $22 — slightly more than -27.94 percent from T’s current share price.

Here’s a rundown of insider trading activity for sense of AT&T Inc. (NYSE:T). The earliest insider trade took place on 10/26/2018. Mccallister Michael B gathered a total of 4 thousand shares of company at average share price of $29.14. The total for the purchase was set at $116.56 thousand. After this transaction, the Director account balance stood at 40.65 thousand shares. The stock grew 5.46 percent since that insider purchase. On 08/08/2018, Di Piazza Samuel A Jr., Director, purchased 7.69 thousand shares at a price per share of $32.48. This added 249.77 thousand shares to the insider’s fortune and the stock saw a -5.39 percent retreat in value since the news became public. This transaction left 34.48 thousand shares in the Director account. On 07/27/2018, Director Roche Joyce M performed a purchase transaction worth $99.81 thousand. This purchase at $31.19 each has added 3.2 thousand shares into the insider’s portfolio position. Meanwhile, shares have recorded -1.47 percent decrease since the transaction was reported. The insider now is left with 11.86 thousand shares remaining in the account. Fisher Richard W, who performs the Director job, bought 7.4 thousand shares for $229.7 thousand. The acquisition occurred on 07/27/2018 was priced at $31.04 per share. The share price plunged -1 percent since the reporting date. Fisher Richard W now left with a stake of 10 thousand T stock worth $305.3 thousand after the insider buying.

T shares dropped -0.2 points or -0.65 percent on Thursday to $30.53 with a heavy trade volume of 50.002 million shares. After opening the session at $30.48, the shares went as high as $30.56 and as low as $29.85, the range within which the stock’s price traded throughout the day. The firm is left with a market cap of $222 billion and now has 7.28 billion shares outstanding. AT&T Inc. (T) stock has lost -0.33 percent of market value in 21 trading days.

Analysts at JP Morgan upped their rating on shares of AT&T Inc. (NYSE:T) from Neutral to Overweight in their opinion released on December 03. MoffettNathanson analysts bumped their recommendation on T stock from Sell to Neutral in a separate flash note to investors on November 26. Analysts at Tigress Financial issued an upgrade from Neutral to Buy for the stock, in a research note that dated back to October 22.

T stock has a trailing 3-year beta of 0.45, offering the possibility of a lower rate of return, but also posing less risk. The portion of a company’s profit allocated to each outstanding share of common stock was $2.01 a share in the trailing twelve months. The stock’s value has fallen -21.48 percent year to date (YTD) against a decline of -16.47 percent in 12 month’s time. The company’s shares still trade -22.36 percent away from its 1-year high of $39.33 and 5.82 percent up from 52-week low of $28.85. The average consensus rating on the company is 2.5, on a scale where 5 equates to a unanimous sell rating. In short, the mean analyst recommendations are calling this stock a sell.

Shares of AT&T Inc. (T) are trading at a P/E ratio of 18.14 times earnings reported for the past 12 months. The industry T operates in has an average P/E of 55.68. Its P/E ratio went as low as 10.27X and as high as 27.17 over the 5-year span. Further, it is sporting a 1.35 on the Price-to-Sales ratio. Compare this with the industry average P/S of 1.62. 52.3 percent is the gross profit margin for AT&T Inc. and operating margin sits at 12.3 percent. Along with this, the net profit margin is 20.4 percent.

T will be declaring its Q4 financial results on January 30. Analysts are forecasting revenue to climb 15.9 percent to $48.5B in the next fiscal quarter, while earnings are seen soaring by nearly 8.97 percent to $0.85 per share. History has shown that shares in AT&T Inc. have gone down on 21 different earnings reaction days and are predicted to add 0.02 percent when the company reports upcoming earnings. In last reported earnings results, it earned $0.9 per share, worse than the $0.94, adjusted, expected by Thomson Reuters consensus estimate. Revenue was $45.7B, better than the $45.6B analysts expected. Earnings are estimated to increase by -29.2 percent this year, 1.59 percent next year and continue to increase by 5.88 percent annually for the next 5 years.