AT&T's Mixed Signals: Bearish Trend But Bullish Indicators Ahead Of Q2 Earnings
Portfolio Pulse from Surbhi Jain
AT&T Inc. (NYSE:T) is set to report its Q2 earnings with Wall Street expecting 57 cents in EPS and $30 billion in revenues. The stock has shown a mixed trend with bearish short-term indicators but several bullish signals suggesting potential upside. Analysts have a consensus 'Buy' rating with a price target of $21.98, indicating a 13% upside.
July 23, 2024 | 1:25 pm
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AT&T is set to report Q2 earnings with mixed signals from technical indicators. While the stock is currently below its 8-day and 20-day SMAs, it is above the 50-day and 200-day SMAs, indicating potential bullish momentum. Analysts have a 'Buy' rating with a price target of $21.98, suggesting a 13% upside.
The stock is currently showing a moderately bearish trend but several technical indicators such as the MACD, RSI, and Bollinger Bands suggest potential upside. Analysts' consensus 'Buy' rating and a price target of $21.98 further support a bullish outlook.
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