AT&T Inc (NYSE: T) has reported E.P.S. of $0.47 for its first fiscal quarter (ending March 31) versus $0.58 for the same period a year ago. E.P.S. were $1.86 for the latest four quarters through March 31 versus $-1.20 for the same period a year ago.
Recent Price Action
On 4/24/24, AT&T Inc (NYSE: T) stock increased 1.9%, closing at $16.81. Moreover, this advance was accompanied by exceptionally high trading volume at 201% of normal. Relative to the market the stock has been strong over the last nine months and has risen 4.5% during the last week.
Current PriceTarget Research Rating
T is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
AT&T has a current Value Trend Rating of B (Positive). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. AT&T has a slightly positive Appreciation Score of 63 and a good Power Rating of 72, leading to the Positive Value Trend Rating.
Rating Review
In light of this new information and positive market action we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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