The telecommunications industry closed the day up 2.8%. Dialogic Inc ( DLGC), RIT Technologies ( RITT), Globalstar Incorporated ( GSAT), and Internet Gold Golden Lines ( IGLD) were all winners today within the telecommunications industry with AT&T Inc ( T) being today's featured telecommunications winner. AT&T Inc rose 73 cents (2.6%) to $29.17 on light volume. Throughout the day, 20.3 million shares of AT&T Inc exchanged hands as compared to its average daily volume of 35.9 million shares. 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 $167.8 billion and is part of the technology sector. The company has a P/E ratio of 8.6, above the average telecommunications industry P/E ratio of 8.3 and below the S&P 500 P/E ratio of 17.7. Shares are down 3.3% year to date as of the close of trading on Friday. TheStreet Ratings rates AT&T as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income.
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