AT&T Stock Hits New 52-Week High (T)

NEW YORK ( TheStreet) -- AT&T (NYSE: T) hit a new 52-week high Wednesday as it is currently trading at $31.96, above its previous 52-week high of $31.94 with 8.7 million shares traded as of 12:15 p.m. ET. Average volume has been 25 million shares over the past 30 days.

AT&T has a market cap of $178.31 billion and is part of the technology sector and telecommunications industry. Shares are up 5.1% year to date as of the close of trading on Tuesday.

AT&T Inc., together with its subsidiaries, provides telecommunications services to consumers, businesses, and other providers worldwide. The company has a P/E ratio of 48, above the average telecommunications industry P/E ratio of 15.4 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates AT&T as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins, largely solid financial position with reasonable debt levels by most measures and solid stock price performance. 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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