AT&T Inc (NYSE: T) has reported a loss for its third fiscal quarter (ending September 30) of $-0.03 versus $0.48 for the same period a year ago. For the latest four quarters through September 30, E.P.S. were $1.23 versus $-1.53 for the same period a year ago.
Recent Price Action
AT&T Inc (NYSE: T) stock enjoyed a large increase of 4.6% on 10/23/24. The stock closed at $22.49. Moreover, trading volume in this advance was exceptionally high at 214% of normal. The stock has been exceptionally strong relative to the market over the last nine months and has risen 4.6% 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). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. AT&T has a neutral Appreciation Score of 56 but a good Power Rating of 81, with the Positive Value Trend Rating the result.
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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