🎁$T Reaffirmed Great Cash Flow & Dividend, More Bounce Ahead?
1. $AT&T Inc(T)$ Rose up 3% and Shaping a Bullish Continuation Pattern？
American multinational telecommunications holding company $AT&T Inc(T)$ rank the 4th by trading volume on Thursday trading, what happened? Any good news?
2.What May Drive $AT&T Inc(T)$ ‘s Price？
Business： $AT&T Inc(T)$ is ranked #30 on the Fortune 500, and also ranked #1 on BMW's Top 50 Green Fleets list. The company will offer deals on a new iPhone come Friday as it tries to win more customers in a slowing market. Recent News telling its free cash flow and dividend should Be Fine.
Strong Earnings: Revenues of $29.9 billion(+0.9% YoY),Cash from operating activities of $9.9 billion(+28.2% YoY) and up $1.2 billion in first-half 2023 compared to first-half 2022,Operating income of $6.4 billion(+ 29.3%YoY). The company reaffirmed its commitment to achieving a back-end loaded year in free cash flow of $16 billion or more, which is welcome news for investors focused on dividends.
Valuation: $AT&T Inc(T)$ 's current price-to-earnings ratio (TTM) is -11.78, lower than the industrial average data at 21.56%.
Target Price From Tiprank: 13 Wall Street analysts offering 12 month price targets for $AT&T in the last 3 months. The average price target is $20.40 with a high forecast of $25.00 and a low forecast of $17.00. The average price target represents a 35.46% change from the last price of $15.06.
YTD 2023: $AT&T Inc(T)$ has experienced a 3-month loss of 5.5% and the YTD 2023 is -18.2%.
Welcome to Read More:
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3. More Discussions on $AT&T Inc(T)$
Trading Bangers Daily: $AT&T Inc(T)$ show Cup & Handle pattern. William O'Neil's Cup with Handle is a bullish continuation pattern that marks a consolidation period followed by a breakout. There are two parts to the pattern: the cup and the handle. The cup forms after an advance and looks like a bowl or rounding bottom.
EWFLuis from Elliottwave Forecast: AT&T $T Ended A Cycle Possible Corrective Bounce Ahead. Since the beginning of 1999, the value has held a downtrend and we are looking to end this correction. we expect to see a bounce higher in 3, 7 or 11 swings without breaking $21.53 wave ((4)) high to complete wave (B) before resuming lower in wave (C).
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4. Question for Tigers
How do you like the $AT&T Inc(T)$ ?
Will you trust $AT&T Inc(T)$ enough to invest in them again?
Any other stocks are shaping the same pattern?
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