Browsing the financial new sections, one company name keeps standing out to me. AT&T.
I have taken note of a few key factors. First, their acquisition of Time Warner caught my eye. Second, they have a modest P/E of 11.46x, and a current EPS of 2.771. Aside from the ratios, the company generates strong operating margins and huge free cash flows.
The price has been oscillating in the $30 range of late, moving mostly sideways. I believe that T is breaking out of the recent trend on strong volume, as modeled with a linear regression. I believe the stock could break the .786 mark and move to the fib level 1 very soon.
Something to possibly keep an eye on.
I have taken note of a few key factors. First, their acquisition of Time Warner caught my eye. Second, they have a modest P/E of 11.46x, and a current EPS of 2.771. Aside from the ratios, the company generates strong operating margins and huge free cash flows.
The price has been oscillating in the $30 range of late, moving mostly sideways. I believe that T is breaking out of the recent trend on strong volume, as modeled with a linear regression. I believe the stock could break the .786 mark and move to the fib level 1 very soon.
Something to possibly keep an eye on.