AT&T Inc (T): Today's Featured Telecommunications Winner
(
) pushed the Telecommunications industry higher today making it today's featured telecommunications winner. The industry as a whole closed the day up 3.8%. By the end of trading, AT&T Inc rose 92 cents (3.3%) to $28.98 on average volume. Throughout the day, 32.3 million shares of AT&T Inc exchanged hands as compared to its average daily volume of 29.3 million shares. The stock ranged in a price between $28.56-$28.98 after having opened the day at $28.57 as compared to the previous trading day's close of $28.06. Other companies within the Telecommunications industry that increased today were:
(
), up 21.4%,
(
), up 18.1%,
(
), up 18%, and
Leap Wireless International Inc
(
), up 16.1%.
AT&T Inc., together with its subsidiaries, provides telecommunication services to consumers, businesses, and other service providers worldwide. AT&T Inc has a market cap of $165.63 billion and is part of the
sector. The company has a P/E ratio of 14.1, below the average telecommunications industry P/E ratio of 14.3 and below the S&P 500 P/E ratio of 17.7. Shares are down 4.5% year to date as of the close of trading on Tuesday.
TheStreet Ratings rates AT&T as a
. The company's strengths can be seen in multiple areas, such as its 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 sub par growth in net income.
- You can view the full AT&T Ratings Report.
- 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
ProShares Ult Sht Telecommunication
(
).
- Find other investment ideas from our top rated ETFs lists.
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