AT&T stock: buy or sell?

T stock price: $37.91 2.05% At close on September 20th, 2019

Updated on:
September 20th, 2019

4

AT&T shares escalated 2.05% to $37.91 today.

AT&T Inc. provides communications and digital entertainment services. The company operates through four segments: Business Solutions, Entertainment Group, Consumer Mobility, and International.

Should I buy AT&T stock?

Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. Having a trading plan helps to make decisions easier, quicker and with less hesitations. At Stocks2.com, we use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best.

Currently, AT&T stock doesn't match any of these trading strategies, so our recommendation is not to buy.

Buy setupElegible
New all-time highNo
New 52 week highNo
Price crossing up 200d MANo
100d MA crossing up 200d MANo
This doesn't mean T will fall in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems.

Is AT&T stock a buy?

Everyday, hundreds of stock ratings are published by financial analysts to indicate a particular stock's attractiveness. At Stocks2.com, we detected 13 ratings published for T stock in the last 30 days.

The general sentiment of these ratings is bullish for T stock, with 7 positive ratings.
Is T a good stock to buy?
DateAnalyst / BrokerPrevious ratingCurrent rating
2019-9-9BMO Capital Marketsn/an/a
2019-9-18DZ BankBuyHold
2019-9-10CitigroupReduceBuy
2019-9-10BarclaysBuyEqual Weight
2019-8-6DesjardinsBuyAverage
2019-8-1Morgan Stanleyn/aBuy
2019-7-25Raymond Jamesn/aOutperform
2019-7-25Credit Suisse GroupUnderperformNeutral
2019-7-25Cowenn/aOutperform
2019-6-24Bank of American/aBuy
2019-4-5DesjardinsBuyAverage
2019-3-15Raymond JamesMarket PerformOutperform
2019-1-31Cowenn/aBuy

AT&T stock analysis

Daily outlook

AT&T closed today at $37.91 and escalated a more than good 2.05%.

AT&T shares escalated 2.05% to $37.91 today. T shows a short term strength with several rising tops and rising bottoms. In the very short term, on Sep/18 it marked a new bottom at $36.49 that should act a support if AT&T starts a trading flat base in the range of $36.49 - $38.75 If AT&T breakouts over $38.75 with average or higher volume, this would be a signal that the uptrend resumes. On May, SMA100d and SMA200d crossed up triggering a rise of 19.21%. On May T price bounced up over the SMA of 200 days demonstrating to be a significant support for this stock. On September 11th, T hit a new all time high, pushing higher than on September/9 tops. Check different trading setups that use ATHs as triggers.

T stock chart (daily)

Weekly outlook

Shares of AT&T stayed stable a tight 0.00% this week. This week was the 4th green week in a row.

Not so far away is the last all-time high AT&T marked last week. AT&T stock is trading in the range of its last top and last bottom. Loosing would mean breaking the current uptrend. Breakdowns under last bottom are selling point signals for some trading strategies. Since SMA20d and SMA40w crossed up by mid May, T price climbed $7.75 per share (25.70%). By mid March T price bounced up over the SMA of 40 weeks that acted as support stopping new slides.

T stock chart (weekly)

AT&T stock price history

AT&T stock went public on November 21st, 1983 with a price of $0.861. Since then, T stock surged a 4,308.10%, with a yearly average of 123.10%. If you had invested right after T's IPO a $1,000 in AT&T stock in 1983, it would worth $43,081.00 today.

1: Adjusted price after possible price splits or reverse-splits.

AT&T stock historical price chart

T stock reached all-time highs on Sep/11 with a price of $38.75.

AT&T stock price target is $41.10

Nobody can reliably foresee how stock prices may evolve in the future. However, financial institutions invest time and resources to provide the most accurated estimations to help investors to make their decisions. You should not follow the analysts' T stock price predictions in the hope that they will be met as they may be wrong and not met. For the last 30 days we found 10 price forecasts for AT&T stock:
T stock price predictions
DateAnalyst / BrokerActionPrevious targetCurrent targetDiff
2019-9-18DZ BankReiteratesn/a$38.00-
2019-9-10CitigroupRaises Target$37.00$42.0013.5%
2019-9-10BarclaysRaises Target$31.00$35.0012.9%
2019-8-6DesjardinsReiteratesn/a$55.50-
2019-8-1Morgan StanleyReiteratesn/a$37.00-
2019-7-25Raymond JamesRaises Target$34.00$35.002.9%
2019-7-25CowenReiterates$34.00$40.0017.6%
2019-6-24Bank of AmericaReiteratesn/a$37.00-
2019-4-5DesjardinsReiteratesn/a$56.50-
2019-1-31CowenReiteratesn/a$35.00-
(in average)$34.00$41.1021.0%
The price forecast for AT&T stock is $41.10, moving in a range between $56.50 and $35.00. In average, analysts' outlook on T price forecast is positive, upgrading the forecast by a 21.00% from previous estimations.

Financials and fundamental analysis

Earnings date and Earnings per Share

After publishing its last earnings report on April, AT&T . As soon as we get its actual EPS from the earnings report, we will update this review.
T earnings date and EPS evolution
QuarterReporting dateEstimated EPSActual EPSSurprise
2017-Q2-n/a0.67n/a
2017-Q32017-10-240.750.74-1.3%
2017-Q42018-01-310.650.7820.0%
2018-Q12018-04-250.870.85-2.3%
2018-Q22018-07-240.850.917.1%
2018-Q32018-10-240.930.9-3.2%
2018-Q42019-01-300.850.861.2%
2019-Q12019-04-240.86n/an/a
2019-Q2-n/an/an/a
2019-Q3-n/an/an/a

Annual financial results

Compared to 2017, last anual revenues report draw a shining increase of 6.36% to $170,756.00 M dollars. When comparing 2018 vs 2017, on the other hand, profit margin (that is, the net income divided by revenues) fell a -7.00% to 11.34%.

AT&T fiscal year ends in December, and to evaluate its evolution since then, we estimate annual sales and income figures by adding results from the last 4 quarters. This is called TTM (or Twelve Trailing Months). So, AT&T TTM sales up to March 2019 were $177,545.00 and income $18,804.00 million USD. If we compare this TTM figures with the last reported annuality, we can esteem AT&T business evolution since December 2018: Annual turnover up to March, compared to lastest yearly report, inched a beatiful 3.98%. In contrary, profit margin (net income/revenues) remained stable at 11.34%.

T annual Sales and Income evolution
YearSalesYoYIncome/(margin)YoY
2013$128,750 M-$18,250 M14.2%-
2014$132,447 M2.87%$6,224 M4.7%-65.90%
2015$146,801 M10.84%$13,345 M9.1%114.41%
2016$163,786 M11.57%$12,976 M7.9%-2.77%
2017$160,546 M-1.98%$29,450 M18.3%126.96%
2018$170,756 M6.36%$19,370 M11.3%-34.23%
TTM $177,545 M3.98%$18,804 M10.6%-2.92%

Quarterly financial results

AT&T reported $44,827.00 million in sales for 2019-Q1, a -6.60% decline compared to previous quarter. Reported quarter earnings marked $4,096.00 M with a profit margin of 9.14%. Profit margin stayed constant a -0.98% compared to previous quarter when profit margin was 10.12%. When comparing turnover to same quarter last year, AT&T sales marked an extraordinary growth and rocketed a 17.85%.
T quarterly Sales and Income evolution
QuarterSales1QoQ2Income1/(margin)QoQ2
2017-Q2$39,840 M-$3,920 M9.8%-
2017-Q3$39,670 M-0.43%$3,030 M7.6%-22.70%
2017-Q4$41,676 M5.06%$19,037 M45.7%528.28%
2018-Q1$38,038 M-8.73%$4,662 M12.3%-75.51%
2018-Q2$38,986 M2.49%$5,132 M13.2%10.08%
2018-Q3$45,739 M17.32%$4,718 M10.3%-8.07%
2018-Q4$47,993 M4.93%$4,858 M10.1%2.97%
2019-Q1$44,827 M-6.60%$4,096 M9.1%-15.69%

AT&T ownership

When you are planning to buy shares of a company, it's worth to check its ownership structure.

AT&T shares owned by insiders (that is, founders, CEO, CTO, main executives or other management staff) currently counts a 0.07% of all shares.

In case of AT&T stock, 55.44% of its shares are held by institutions (mutual funds, pension funds, big banks and other large financial institutions). Bearish positions for T stock account 0.00%, no big difference from last month.

The following table compares ownership indicators for other stocks related to AT&T:

TAMXCMCSACTLDIS
Market cap$277.1 B$49.8 B$211.9 B$13.6 B$239.9 B
Total shares7,310.0 M3,300.0 M4,540.0 M1,090.0 M1,800.0 M
Float shares7,300.0 M1,520.0 M4,500.0 M985.1 M1,800.0 M
  - Institutional holdings (%)55.4%11.3%84.7%75.2%54.8%
  - Insider holdings (%)0.1%0.0%0.7%0.8%0.2%
Shares in short selling0.0%0.0%0.0%0.0%0.0%

AT&T summary

Friday, September 20th, 2019
Open$37.30
Close$37.91
Day range$37.18 - $38.01
Previous close$37.15
Session gain2.05%
Average true range$0.76
50d mov avg$34.99
100d mov avg$33.32
200d mov avg$31.44
Daily patternlb03a
Weekly pattern lt06a

AT&T performance

Stocks performance is always measured in comparision to the market or competitors and related stocks in the same industry. In the following table, we compare AT&T to America Movil, S.A.B. de, Comcast, CenturyLink, Disney, Shenandoah Telecommunications, Telephone and Data Systems, T-Mobile US, United States Cellular and Verizon Communications:
Stock3m6m12m
TAT&T18.58%25.82%19.40%
AMXAmerica Movil, S....0.67%3.28%-6.33%
CMCSAComcast7.68%19.51%25.79%
CTLCenturyLink12.89%7.65%-39.92%
DISDisney-4.37%23.91%22.41%
SHENShenandoah Teleco...-19.23%-27.53%-14.23%
TDSTelephone and Dat...-19.61%-16.48%-13.09%
TMUST-Mobile US6.46%12.09%16.68%
USMUnited States Cel...-23.11%-20.45%-16.31%
VZVerizon Communica...5.44%2.97%15.52%

AT&T competitors

One check before trading any stock is to have a look a list of its competitors, in this case for AT&T. We picked 9 companies as AT&T competitors as they are in the same industry or have similar market objectives.

Latest AT&T stock news