AT&T Inc (T) Prepares for Q4 Earnings Report

Anticipation Builds Around Fourth-Quarter Results as Stock Performance Remains Strong

AT&T Inc T is set to announce its fourth-quarter earnings on Monday, with analysts predicting earnings per share (EPS) of 50 cents and revenues of $32.04 billion before markets open.

Over the past year, AT&T’s stock has increased by 36%, with an impressive 18.40% rise in the last six months.

Let’s take a closer look at AT&T’s stock performance and how it compares to Wall Street estimates.

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Charts Indicate a Bullish Trend for AT&T Stock Before Earnings

AT&T Inc T is showing a strong bullish trend in its stock price. Currently, it is trading above the five-day, 20-day, and 50-day exponential moving averages, which signals slight buying pressure.

Chart created using Benzinga Pro

Currently priced at $22.70, AT&T stock has surpassed both its eight-day simple moving average of $22.26 and its 20-day simple moving average (SMA) of $22.38, which supports a bullish outlook for the near term. However, it trades slightly below the 50-day SMA of $22.76, signaling a short-term bearish stance.

On a larger scale, AT&T’s 200-day simple moving average stands at $20.19, reinforcing a long-term upward trend. The moving average convergence divergence (MACD) indicator reads at a negative 0.11, indicating some caution for traders, while the relative strength index (RSI) sits at 54.78, reflecting neutral momentum.

These mixed technical signals present a possibility for further gains. Investors with a long-term view may find these trends favorable for building positions, whereas short-term traders should monitor for a breakout above the 50-day moving average.

Analysts Predict a 22% Upside for AT&T

Consensus Ratings and Price Target: Analysts currently rate AT&T stock as a Buy, with a price target averaging $23.52. Notable ratings from Argus Research, RBC Capital, and UBS suggest a potential upside of approximately 21.96%, with an average price target of $27.67.

Current Trading Status: AT&T stock was trading at $22.68 at the time of this publication.

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