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Oct 22, 2020

AT&T (T, $28.17) beats Q3 revenue expectations

AT&T Inc.  reported third quarter revenues that beat analysts’ expecttions, on strong additions to its media and wireless networks.  

The telecom & media giant’s adjusted earnings for the three months ending in September came in at 76 cents per share, quite in-line with Street forecasts . The figure is however -19% lower from the year-ago period.  The company estimated a -21 cents per share earnings hit linked to the coronavirus pandemic. 

Revenues fell -5.2%year-over-year  to $42.3 billion, but surpassed analysts' expectations of $41.6 billion.

According to AT&T, subscribers to its HBO Max streaming service hit 38 million in the U.S. last quarter, pushing  it ahead of its 2020 target. The company’s  wireless network added a higher-than-expected 645,000 new subscribers monthly-paying customers.

Also, speaking about AT&T’s "strong cash flow in the quarter”,  CEO John Stankey  said the company is positioned to continue investing in growth areas and pay down debt. He added, "We now expect 2020 free cash flow of $26 billion or higher with a full-year dividend payout ratio in the high 50s%.  “

According to Tickeron, T in downward trend: 10-day moving average crossed below 50-day moving average on September 04, 2020

The 10-day Moving Average for T crossed bearishly below the 50-day moving average on September 04, 2020. This indicates that the trend has shifted lower and could be considered a sell signal. In 12 of 19 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are 63%.

Current price $28.17 crossed the resistance line at $28.12 and is trading between $28.56 support and $28.12 resistance lines. Throughout the month of 09/21/20 - 10/21/20, the price experienced a -3% Downtrend. During the week of 10/14/20 - 10/21/20, the stock fell -3%.

Technical Analysis (Indicators)

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on October 15, 2020. You may want to consider selling the stock, shorting the stock, or exploring put options on T as a result. In 37 of 81 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are 46%.

The Moving Average Convergence Divergence Histogram (MACD) for T turned negative on October 16, 2020. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 49 similar instances when the indicator turned negative. In 21 of the 49 cases the stock turned lower in the days that followed. This puts the odds of success at 43%.

T moved below its 50-day Moving Average on October 09, 2020 date and that indicates a change from an upward trend to a downward trend.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where Apple declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 46%.

The Aroon Indicator for T entered a downward trend on October 06, 2020. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

Bullish Trend Analysis

The RSI Indicator demonstrates that the ticker has stayed in the oversold zone for 2 days, which means it's wise to expect a price bounce in the near future.

The Stochastic Indicator shows that the ticker has stayed in the oversold zone for 4 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.

Following a +1.96% 3-day Advance, the price is estimated to grow further. Considering data from situations where T advanced for three days, in 143 of 336 cases, the price rose further within the following month. The odds of a continued upward trend are 43%.

T may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

Fundamental Analysis (Ratings)

Tickeron has a negative outlook on this ticker and predicts a further decline by more than 4.00% within the next month with a likelihood of 65%. During the last month, the daily ratio of advancing to declining volumes was 1 to 1.79.

The Tickeron Profit vs. Risk Rating rating for this company is 75 (best 1 - 100 worst), indicating that the returns do not compensate for the risks. T’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 79, placing this stock better than average.

The Tickeron Price Growth Rating for this company is 62 (best 1 - 100 worst), indicating fairly steady price growth. T’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron SMR rating for this company is 53 (best 1 - 100 worst), indicating slightly weaker than average sales and a marginally profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron Valuation Rating of 7 (best 1 - 100 worst) indicates that the company is seriously undervalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (1.08) is normal, around the industry mean (1.49). P/E Ratio (16.32) is within average values for comparable stocks, (672.50). Projected Growth (PEG Ratio) (0.00) is also within normal values, averaging (76.04). Dividend Yield (5.25) settles around the average of (2.99) among similar stocks. P/S Ratio (1.24) is also within normal values, averaging (1.88).

The Tickeron PE Growth Rating for this company is 2 (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

Related Ticker: T

T in +2.44% Uptrend, rising for three consecutive days on March 28, 2024

Moving higher for three straight days is viewed as a bullish sign. Keep an eye on this stock for future growth. Considering data from situations where T advanced for three days, in of 321 cases, the price rose further within the following month. The odds of a continued upward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on March 27, 2024. You may want to consider a long position or call options on T as a result. In of 79 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for T just turned positive on March 27, 2024. Looking at past instances where T's MACD turned positive, the stock continued to rise in of 49 cases over the following month. The odds of a continued upward trend are .

T moved above its 50-day moving average on March 25, 2024 date and that indicates a change from a downward trend to an upward trend.

The 10-day moving average for T crossed bullishly above the 50-day moving average on March 08, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In of 14 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .

Bearish Trend Analysis

The Stochastic Oscillator entered the overbought zone. Expect a price pull-back in the foreseeable future.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where T declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

T broke above its upper Bollinger Band on March 27, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

The Aroon Indicator for T entered a downward trend on March 04, 2024. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly undervalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (1.219) is normal, around the industry mean (5.298). P/E Ratio (8.934) is within average values for comparable stocks, (107.321). Projected Growth (PEG Ratio) (1.369) is also within normal values, averaging (9.557). Dividend Yield (0.063) settles around the average of (0.087) among similar stocks. P/S Ratio (1.043) is also within normal values, averaging (71.281).

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. T’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to consistent earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. T’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 80, placing this stock better than average.

The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.

Notable companies

The most notable companies in this group are Verizon Communications (NYSE:VZ), Comcast Corp (NASDAQ:CMCSA), AT&T (NYSE:T), Lumen Technologies (NYSE:LUMN).

Industry description

Wireless Telecom includes companies that sell wireless antenna or satellite-based communication services. This is the fastest-growing area in communications, as more and more communication and computing happen on mobile devices and cloud-based platforms. Wireless telecom is a key industry for global connectivity, and has even further room for growth in emerging markets and in rural parts of developed nations. People’s growing need for speed in data connectivity, higher resolution, and smoother video streaming and multimedia applications should drive growth and competition within this segment. T-Mobile US, Inc., Vodafone Group, and Sprint Corporation are some major providers of wireless telecom.

Market Cap

The average market capitalization across the Wireless Telecommunications Industry is 15.19B. The market cap for tickers in the group ranges from 9.67K to 12.88T. LNETF holds the highest valuation in this group at 12.88T. The lowest valued company is IGLDF at 9.67K.

High and low price notable news

The average weekly price growth across all stocks in the Wireless Telecommunications Industry was 1%. For the same Industry, the average monthly price growth was 1%, and the average quarterly price growth was 7%. FRTN experienced the highest price growth at 57%, while DTGI experienced the biggest fall at -24%.

Volume

The average weekly volume growth across all stocks in the Wireless Telecommunications Industry was -12%. For the same stocks of the Industry, the average monthly volume growth was -11% and the average quarterly volume growth was -11%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 50
P/E Growth Rating: 62
Price Growth Rating: 52
SMR Rating: 67
Profit Risk Rating: 79
Seasonality Score: 18 (-100 ... +100)
Related Portfolios: TELECOMMUNICATION SECTOR
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A.I.Advisor
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General Information

a provider of dsl internet, local and long-distance voice and data services

Industry WirelessTelecommunications

Profile
Fundamentals
Details
Industry
Major Telecommunications
Address
208 S. Akard Street
Phone
+1 210 821-4105
Employees
149900
Web
https://www.att.com
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