- The AT&T CFO says he is confident for the future growth of the company.
- The share price of the T share has advanced by 7.63% in the last one month.
AT&T Inc. is the world’s third largest telecommunication company by revenue formed in St. Louis in 1878. The current CEO of the company is John T. Stankey and the company has its headquarters in Dallas and has 160.7K employees. The company offers a wide range of communication and business solutions including managed networking, wholesale, and cloud-based services.
The dividend yield by the company for the year 2022 is 7.4% and the company has an EPS of -1.26 USD which means that the company loses $1.26 on its each share. The AT&T share follows a beta of 0.82 which means that the stock relatively moves less than the whole market.
The ROE of the company has declined by -7.96% following a decline of -2.05% decline in the ROA of the company and the current PE ratio of the company is -13.02. The current market cap of the company is $108.879B trading with an average volume of 44.42M.
AT&T Inc. Performance Analysis
AT&T made a total revenue of $120.74B in the year 2022 which is $13.3B less than the last year and the current net income is in negative as the company has made a net loss of $8.52B for the financial year also the company has a debt of $158.23B following up with a free cash flow of $12.40B.
T Share Technical Analysis
The share price has shown a consistent decline in price making lower low swings leading to the formation of a falling wedge pattern and the price is still trading inside the same pattern making a bullish candlestick pattern which indicates bullishness in the short-term.
The 50-day and the 200-day EMA are trading in a death cross declining to lower levels with the price resulting in a strong downtrend.
The RSI value for the T share has declined to the oversold zones and is currently trading at the 45.18 level following a bearish momentum and the price of the stock can stay bearish unless the RSI hits the overbought zones on the weekly chart.
Technical Overview of T Stock
On the daily timeframe the technical indicators are bullish in the stock following multiple Moving Averages and oscillators like RSI, Stochastic, ADX and others but considering the fundamentals data experts are neutral on the stock.
The price of the T stock is following a downtrend declining from higher levels and the RSI and EMA are bearish on the weekly timeframe but the stock is making bullish candlestick pattern which indicates that the price can advance to higher levels and the upper band of the falling wedge pattern.
Therefore the price of the share is expected to advance higher level in the shorter span of time but on the larger timeframe the trend of the stock is still negative.
- The support levels for T Stock are – $09.00 and $13.50
- The resistance levels for T stock are – $ 21.50 and $25.50
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