3 Stocks Underperforming Today In The Telecommunications Industry
1. As of noon trading, AT&T ( T) is down $0.22 (-0.6%) to $34.85 on average volume. Thus far, 16.2 million shares of AT&T exchanged hands as compared to its average daily volume of 30.5 million shares. The stock has ranged in price between $34.65-$35.14 after having opened the day at $35.01 as compared to the previous trading day's close of $35.07. AT&T Inc. provides telecommunications services to consumers and businesses in the United States and internationally. AT&T has a market cap of $182.6 billion and is part of the technology sector. Shares are down 0.3% year-to-date as of the close of trading on Monday. Currently there are 9 analysts that rate AT&T a buy, 1 analyst rates it a sell, and 15 rate it a hold. TheStreet Ratings rates AT&T as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, compelling growth in net income, notable return on equity, expanding profit margins and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full AT&T Ratings Report now. STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more. If you are interested in one of these 3 stocks, ETFs may be of interest. Investors who are bullish on the telecommunications industry could consider iShares Dow Jones US Telecom ( IYZ) while those bearish on the telecommunications industry could consider ProShares Ult Sht Telecommunication ( TLL).
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