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.
Read Also: T-Mobile Sued Over Data Breach Affecting 79 Million Americans: Sensitive Information Compromised
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.
Read Next:
Overview Rating:
Speculative
Market News and Data brought to you by Benzinga APIs
