Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.
) pushed the Telecommunications industry lower today making it today's featured Telecommunications laggard. The industry as a whole closed the day down 0.3%. By the end of trading, AT&T fell $0.41 (-1.1%) to $35.40 on average volume. Throughout the day, 30,806,988 shares of AT&T exchanged hands as compared to its average daily volume of 23,930,200 shares. The stock ranged in price between $34.93-$35.50 after having opened the day at $35.39 as compared to the previous trading day's close of $35.81. Other companies within the Telecommunications industry that declined today were:
), down 15.1%,
), down 9.9%,
), down 7.2% and
), down 6.6%.
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AT&T Inc. provides telecommunications services to consumers, businesses, and other providers in the United States and internationally. The company operates in three segments: Wireless, Wireline, and Other. AT&T has a market cap of $191.4 billion and is part of the technology sector. Shares are up 6.2% year to date as of the close of trading on Tuesday. Currently there are 7 analysts that rate AT&T a buy, 2 analysts rate it a sell, and 19 rate it a hold.
TheStreet Ratings rates
. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, expanding profit margins, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.
- You can view the full AT&T Ratings Report.
On the positive front,
), up 35.6%,
), up 10.6%,
), up 8.1% and
), up 6.2%.
- Use our telecommunications section to find industry-relevant news.
- Or find some new ideas from our top rated stocks lists.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the telecommunications industry could consider
) while those bearish on the telecommunications industry could consider
- Find other investment ideas from our top rated ETFs lists.