| 
April 08, 2023
Telefónica, S.A., AT&T, T-Mobile, among others, are the communication_services stocks approaching important price targets.
Thursday's session summary: Leading equity indices in the US rose as Nasdaq ended the session at 12,100 after a 0.76% gain. S&P 500 gained 0.36% and closed at 4,105.
What is a Price Target?
A "price target" is an estimate of the future price of a stock based on earnings forecasts and assumed valuation multiples. Price targets are typically generated by respected market analysts who believe a stock to be fairly valued relative to its projected and historical earnings. Target prices are used to evaluate stocks and can help investors evaluate the potential risk/reward profile of a stock. Let's review some communication_services stocks and their price targets.
Buyers pushing Telefonica towards its price target of $4.45; currently at $4.44
Telefónica, S.A.'s run now faces a challenge at $4.45, which is only 1 cents away from the line. Overcoming it might send the company towards their next major resistance line— this will surely be interesting to follow.
Telefonica has posted further gains as part of a 16 day trend that has already seen the stock gain 47 cents. Telefonica lived up to expectations Thursday by maintaining its set course — Telefonica spiked to $4.44 Thursday and consolidated before initiating a fresh rally to $4.44. This comes following Wednesday's session in which it closed at $4.4. The day's trading volume totalled 722,764 shares — slightly below the 21-day average of 885,848.
Buyers pushing AT&T towards its price target of $19.93; currently at $19.65
AT&T's recent run now faces a major challenge as concentrated supply is likely found at $19.93 with price action currently 28 cents away.
AT&T has posted further gains as part of a 15 day trend that has already seen the stock gain $1.47. on-trend AT&T closed the session Thursday with more of the same: generally flat but with a slight bullish bias, AT&T ranged between $19.51 and $19.79 before closing higher at $19.65. Trading volume totalled 28.27 million which equates to around 93% of the stock's 21-day average Thursday.
Buyers pushing AT&T towards its price target of $19.93; currently at $19.65
AT&T's recent run now faces a major challenge as concentrated supply is likely found at $19.93 with price action currently 28 cents away.
AT&T has posted further gains as part of a 15 day trend that has already seen the stock gain $1.47. on-trend AT&T closed the session Thursday with more of the same: generally flat but with a slight bullish bias, AT&T ranged between $19.51 and $19.79 before closing higher at $19.65. Trading volume totalled 28.27 million which equates to around 93% of the stock's 21-day average Thursday.
