AT&T (T) Stock Down Ahead of Q2 Earnings
NEW YORK (TheStreet) -- Shares of AT&T (T) - Get Report are lower by 0.25% to $42.67 in afternoon trading on Wednesday, ahead of the company's fiscal 2016 second quarter earnings results due out after Thursday's market close.
Analysts surveyed by Thomson Reuters are looking for earnings of 72 cents per share on $40.632 billion revenues.
For the 2015 second quarter, AT&T reported earnings of 58 cents per share on $33 billion revenues.
Shares of the phone company have climbed nearly 24% in 2016 as investors turn toward dividend-paying stocks amidst historically high global interest rates.
AT&T is a Dallas-based telecommunications company.
(AT&T is a holding in TheStreet's Dividend Stock Advisor portfolio. Learn more here.)
Separately, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author. TheStreet Ratings has this to say about the recommendation:
We rate AT&T INC as a Buy with a ratings score of A+. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its robust revenue growth, compelling growth in net income, good cash flow from operations, expanding profit margins and solid stock price performance. We feel its strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.
You can view the full analysis from the report here: T
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