) pushed the Telecommunications industry lower today making it today's featured Telecommunications loser. The industry as a whole closed the day down 2%. By the end of trading, AT&T fell 38 cents (-1.1%) to $35.02 on average volume. Throughout the day, 27.1 million shares of AT&T exchanged hands as compared to its average daily volume of 27.5 million shares. The stock ranged in price between $34.98-$35.65 after having opened the day at $35.44 as compared to the previous trading day's close of $35.41. Other company's within the Telecommunications industry that declined today were:
), down 19.3%,
), down 11.3%,
), down 9.5%, and
), down 7.8%.
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AT&T Inc., together with its subsidiaries, provides telecommunications services to consumers, businesses, and other providers worldwide. AT&T has a market cap of $207.96 billion and is part of the
sector. The company has a P/E ratio of 51.4, below the average telecommunications industry P/E ratio of 52.2 and above the S&P 500 P/E ratio of 17.7. Shares are up 17.3% year to date as of the close of trading on Wednesday. Currently there are 13 analysts that rate AT&T a buy, one analyst rates it a sell, and 16 rate it a hold.
TheStreet Ratings rates AT&T as a
. The company's strengths can be seen in multiple areas, such as its increase in net income, revenue growth, expanding profit margins, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.
- You can view the full AT&T Ratings Report.
On the positive front,
), up 8.4%,
), up 5.9%,
), up 4.9%, and
), up 4.2%, were all gainers within the telecommunications industry with
) being today's featured telecommunications industry winner.
- 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.