The telecommunications industry closed the day up 2%. Orsus Xelent Technologies Inc ( ORS), Motricity Inc ( MOTR), Westell Technologies Inc ( WSTL), and RigNet Inc ( RNET) were all winners today within the telecommunications industry with AT&T Inc ( T) being today's featured telecommunications winner. AT&T Inc rose 19 cents (0.7%) to $29.21 on light volume. Throughout the day, 19.5 million shares of AT&T Inc exchanged hands as compared to its average daily volume of 35.5 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 $172.9 billion and is part of the technology sector. The company has a P/E ratio of 8.8, above the average telecommunications industry P/E ratio of 8.5 and below the S&P 500 P/E ratio of 17.7. Shares are down 1.2% year to date as of the close of trading on Monday. 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, solid stock price performance 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.
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