Following these proceedings, RBC Capital Mkts upgraded its AT&T, Inc [T] rating to an Outperform from a a Sector perform in a research note published on January 06, 2025; the price target was increased to $26 from $22. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who increased its forecast for the stock in mid December from “an Equal-weight” to “an Overweight”. Oppenheimer began covering T with “an Outperform” recommendation on December 10, 2024. Bernstein started covering the stock on December 10, 2024. It rated T as “an Outperform”.
Price Performance Review of T
On Tuesday, AT&T, Inc [NYSE:T] saw its stock jump 1.11% to $21.80. Over the last five days, the stock has lost -3.54%. AT&T, Inc shares have fallen nearly -4.26% since the year began. Nevertheless, the stocks have risen 34.32% over the past one year. While a 52-week high of $24.03 was reached on 01/02/25, a 52-week low of $15.94 was recorded on 01/14/25. SMA at 50 days reached $22.75, while 200 days put it at $20.02.
Levels Of Support And Resistance For T Stock
The 24-hour chart illustrates a support level at 21.51, which if violated will result in even more drops to 21.23. On the upside, there is a resistance level at 21.95. A further resistance level may holdings at 22.11. The Relative Strength Index (RSI) on the 14-day chart is 35.87, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.78, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 76.54%. Stochastics %K at 14.80% indicates the stock is a buying.
How much short interest is there in AT&T, Inc?
A steep rise in short interest was recorded in AT&T, Inc stocks on 2024-12-31, dropping by -17.32 million shares to a total of 105.35 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 122.67 million shares. There was a decline of -16.44%, which implies that there is a negative sentiment for the stock.
