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June 07, 2023
Pay attention to the following communication_services stocks approaching critical price targets: Nexstar Media Group, Inc., AT&T, Vodafone Group Plc are the ones to watch.
A quick recap: Markets are mixed with Nasdaq trades at 13,135 after losing 1.06%. S&P 500 drawing back 0.31% to 4,270.54.
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. Check out this rundown of communication_services stocks and their price targets.
Buyers pushing Nexstar Media towards its price target of $163.35; currently at $166.83
Nexstar Media Group, Inc.'s run now faces a challenge at $163.35, which is only $3.48 away from the line. Overcoming it might send the company towards their next major resistance line— this will surely be interesting to follow.
Nexstar Media has posted further gains as part of a 5 day trend that has already seen the stock gain $10.34. this session seems to remain in the same lane for now — after ending yesterday at $161.26, the US media company went up to $167.65 only to drop back some of the way. It is now trading around $166.83 as it reaches the end of the trading session.
Buyers pushing AT&T towards its price target of $15.83; currently at $15.91
After closing yesterday at $15.67, the telecoms multinational spiked to $15.97 before giving back its gains and closing the session at $15.91. Today's gains are adding to AT&T's a 3 day bullish trend, during which it gained a total of 46 cents.
The telecoms multinational is now trading 16.52% below its 3-month high of $21.31. The telecoms multinational's market cap currently stands at $113.78 billion with an average daily trading volume of 43.99 million shares. So far this year, it has been under-performing the S&P by 27.11%. AT&T is forecasted to generate revenues of $30.26 billion and EPS of 58 cents.
AT&T's run now faces a challenge at $15.83, which is only 9 cents away from the line. Overcoming it might send the company towards their next major resistance line— this will surely be interesting to follow.
Also, the firm paid out a quarterly dividend of 27.75 cents per share on Monday, May 1st to all active shareholders as of Monday, April 10th. Eligible investors secured a quarterly dividend yield of 6.97% for this year.
Buyers pushing AT&T towards its price target of $15.83; currently at $15.91
After closing yesterday at $15.67, the telecoms multinational spiked to $15.97 before giving back its gains and closing the session at $15.91. Today's gains are adding to AT&T's a 3 day bullish trend, during which it gained a total of 46 cents.
The telecoms multinational is now trading 16.52% below its 3-month high of $21.31. The telecoms multinational's market cap currently stands at $113.78 billion with an average daily trading volume of 43.99 million shares. So far this year, it has been under-performing the S&P by 27.11%. AT&T is forecasted to generate revenues of $30.26 billion and EPS of 58 cents.
AT&T's run now faces a challenge at $15.83, which is only 9 cents away from the line. Overcoming it might send the company towards their next major resistance line— this will surely be interesting to follow.
Also, the firm paid out a quarterly dividend of 27.75 cents per share on Monday, May 1st to all active shareholders as of Monday, April 10th. Eligible investors secured a quarterly dividend yield of 6.97% for this year.
