
AT&T Stock Inched Up by 1.5% Last Week
By Ambrish ShahUpdated
AT&T stock
Last week, AT&T (T) stock rose 1.5%. As of May 24, the stock has risen 4.2% month-to-date and 13.1% year-to-date. Meanwhile, Sprint (S) and T-Mobile (TMUS) have risen ~28.3% and ~5.9% month-to-date, respectively.
AT&T stock is trading 20.4% above its 52-week low of $26.80 and 6.5% below its 52-week high of $34.53. Analysts estimate that AT&T stock could rise ~4.9% over the next year. The company’s market cap is $235.5 billion.
Key technical levels
AT&T stock closed at $32.27 on May 24, 3.5% above its 20-day moving average of $31.19, 2.8% above its 50-day moving average of $31.38, and 4.6% above its 100-day moving average of $30.86.
Its 14-day RSI (relative strength index) score of 64 implies investors are neutral toward the stock. On the downside, immediate support lies near $32.13, while $32.38 could act as immediate resistance. On May 24, AT&T’s 12-month forward PE and EV[1.enterprise value]-to-EBITDA ratios were 8.96x and 6.84x, respectively.