Taking a Fresh Look at AT&T Inc. (T)

AT&T Inc. (T) is an interesting player in the Technology space, with a focus on Telecom Services – Domestic. The stock has been active on the tape, currently trading at $32.22, down from yesterday’s close by -6.20%. Given the stock’s recent action, it seemed like a good time to take a closer look at the company’s recent data.

Fundamental Analysis

AT&T Inc. (T) currently trades with a market capitalization of $198.51 Billion. That value represents a market adjusting for revenues that have been falling by -3.37 % on a quarterly year/year basis as of the company’s last quarterly report.

You can get a sense of how sustainable that is by a levered free cash flow of $17.22 Billion over the past twelve months. Generally speaking, earnings are expected to fall in coming quarters. Analysts are forecasting earnings of $0.89 on a per share basis this quarter. Perhaps, that suggests something about why 0.11% of the outstanding share supply is held by institutional investors.



Technical Analysis

We’ve taken a serious look at this stock from a fundamental perspective, but the tale of the tape may offer more hints about what lies under the surface. Looking at the stock’s movement on the chart, AT&T Inc. recorded a 52-week high of $39.80. It is now trading 7.58% off that level. The stock is trading $33.43 its 50-day moving average by 1.21%. The stock carved out a 52-week low down at $31.17.

In recent action, AT&T Inc. (T) has made a move of +0.41% over the past month, which has come on Strong relative transaction volume. Over the trailing year, the stock is underperforming the S&P 500 by 14.57, and it’s gotten there by action that has been less volatile on a day-to-day basis than most other stocks on the exchange. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 3.16% with $6.13 Billion sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of T.

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