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Saturday, December 9, 2023

AT&T, Inc. (NYSE: T) May Be Attracting Institutional Investments

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. After-hours trades for AT&T, Inc. (T) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.01, or -0.06%, to $15.62. The AT&T, Inc. has recorded 699,288 volume in the after hours trading session. Most recently, Yahoo Finance reported about the stock as it publicized that Tutor Perini Reports Third Quarter 2023 Results.

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Stocks Info

This NYSE-listed company operates within the Telecom Services industry segment, falling under the Communication Services sector. At the end of the last regular session, the stock closed at $15.63 and fluctuated between $15.75 as its day high and $15.55 as its day low. The current market capitalization of AT&T, Inc. is $111.75B. A total of 26.07 million shares were traded on the day, compared to an average of 37.35M shares.

Insider trades can also provide insight into a stock’s future direction. During the recent three months, T has seen 11 BUY and 2 SELL insider trades, representing the acquisition of 13,360 and the disposition of 339,481 shares. Over the last 12 months, there were 155 BUYs and 109 SELLs from insiders. Insiders purchased 2,970,981 shares during that period but sold 2,735,344.

Dividend

The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. T’s most recent ex-dividend date was 10/6/2023 when it declared a $0.2775 quarterly dividend that was paid in cash on 11/1/2023. Previously, the company paid the dividend on 8/1/2023 with an ex-dividend date of 7/7/2023. The T stock dividend was $0.2775 per share in cash.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for T in the last 3 months, the mean price target is $17.86 with high estimates of $25.00 and low estimates of $8.00. In terms of 52-week highs and lows, T has a high of $20.50 and a low of $13.43.

As of this writing, T has an earnings estimate of $0.53 per share for the current quarter. EPS was calculated based on a consensus of 18 estimates, with a high estimate of $0.59 per share and a lower estimate of $0.48. The company reported an EPS of $0.63 in the last quarter, which was 5.00% higher than expectations of $0.6.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. T’s latest balance sheet shows that the firm has $21.17B in Cash & Short Term Investments as of fiscal 2021. There were $199.96B in debt and $85.59B in liabilities at the time. Its Book Value Per Share was $14.50, while its Total Shareholder’s Equity was $183.85B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for T is Buy with a score of 3.95.

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