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Should You Buy AT&T Inc. (T) Stock After it Has Risen 5.07% in a Week?

Thursday, January 26, 2023 02:35 PM | InvestorsObserver Analysts

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Should You Buy AT&T Inc. (T) Stock After it Has Risen 5.07% in a Week?

Overall market sentiment has been high on AT&T Inc. (T) stock lately. T receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator.

Sentiment Score - ,bullish
AT&T Inc. has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on T!

What is Stock Sentiment?

In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company. Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor. InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon. The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.

What's Happening With T Stock Today?

AT&T Inc. (T) stock is lower by -2.55% while the S&P 500 is higher by 0.74% as of 2:34 PM on Thursday, Jan 26. T is lower by -$0.52 from the previous closing price of $20.42 on volume of 26,743,457 shares. Over the past year the S&P 500 is lower by -7.13% while T is lower by -0.40%. T lost -$1.19 per share in the over the last 12 months. To screen for more stocks like AT&T Inc. click here.

More About AT&T Inc.

The wireless business contributes about two thirds of AT&T's revenue following the spinoff of WarnerMedia. The firm is the third-largest U.S. wireless carrier, connecting 69 million postpaid and 18 million prepaid phone customers. Fixed-line enterprise services, which account for about 20% of revenue, include internet access, private networking, security, voice, and wholesale network capacity. Residential fixed-line services, about 10% of revenue, primarily consist of broadband internet access service. AT&T also has a sizable presence in Mexico, serving 21 million customers, but this business only accounts for 2% of revenue. The firm still holds a 70% equity stake in satellite television provider DirecTV but does not consolidate this business in its financial statements. Click Here to get the full Stock Report for AT&T Inc. stock.

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