NEW YORK (

TheStreet

) --

AT&T

(NYSE:

T

) hit a new 52-week high Wednesday as it traded at $30.20 compared with its previous 52-Week high of $30.10. AT&T is changing hands at $30.18 with 563,778 shares traded as of 9:32 a.m. ET. Average volume has been 29.6 million shares over the past 30 days.

AT&T has a market cap of $173.6 billion and is part of the

technology

sector and

telecommunications

industry. Shares are up 2.3% year to date as of the close of trading on Tuesday.

AT&T Inc., together with its subsidiaries, provides telecommunication services to consumers, businesses, and other service providers worldwide. The company has a P/E ratio of 9.1, above the average telecommunications industry P/E ratio of 8.8 and below the S&P 500 P/E ratio of 16.1.

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TheStreet Ratings rates AT&T as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, increase in stock price during the past year, 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 sub par growth in net income. You can view the full

AT&T Ratings Report

.

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