AT&T Inc (T): Today's Featured Telecommunications Laggard

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

AT&T ( T) pushed the Telecommunications industry lower today making it today's featured Telecommunications laggard. The industry as a whole closed the day down 1.4%. By the end of trading, AT&T fell $0.41 (-1.2%) to $34.80 on average volume. Throughout the day, 21,495,862 shares of AT&T exchanged hands as compared to its average daily volume of 23,744,500 shares. The stock ranged in price between $34.80-$35.21 after having opened the day at $35.18 as compared to the previous trading day's close of $35.21. Other companies within the Telecommunications industry that declined today were: Zoom Technologies ( ZOOM), down 25.7%, Cyan ( CYNI), down 9.5%, NII Holdings ( NIHD), down 9.1% and Zhone Technologies ( ZHNE), down 8.4%.

AT&T Inc. provides telecommunications services to consumers, businesses, and other providers in the United States and internationally. The company operates in three segments: Wireless, Wireline, and Other. AT&T has a market cap of $186.5 billion and is part of the technology sector. The company has a P/E ratio of 24.6, above the S&P 500 P/E ratio of 17.7. Shares are up 5.0% year to date as of the close of trading on Friday. Currently there are 8 analysts that rate AT&T a buy, 1 analyst rates it a sell, and 18 rate it a hold.

TheStreet Ratings rates AT&T as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share, increase in net income, increase in stock price during the past year and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows weak operating cash flow.

On the positive front, Gogo ( GOGO), up 17.4%, Barracuda Networks ( CUDA), up 11.1%, WPCS International ( WPCS), up 9.6% and Maxcom Telecomunicaciones S.A.B. de C.V ( MXT), up 5.9% , were all gainers within the telecommunications industry with Crown Castle International ( CCI) being today's featured telecommunications industry leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the telecommunications industry could consider iShares Dow Jones US Telecom ( IYZ) while those bearish on the telecommunications industry could consider ProShares Ult Sht Telecommunication ( TLL).

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

null

More from Markets

Let the Najarian Brothers Help You Generate Income With Options

Let the Najarian Brothers Help You Generate Income With Options

All Investors Can Trade Options, Just Ask the Najarian Brothers WATCH VIDEO

All Investors Can Trade Options, Just Ask the Najarian Brothers WATCH VIDEO

Dow Makes Move Higher as Bond Yields Hover Near 3% Threshold

Dow Makes Move Higher as Bond Yields Hover Near 3% Threshold

Aluminum Prices Plummet as U.S. Is Open to Easing Sanctions on Russia's Rusal

Aluminum Prices Plummet as U.S. Is Open to Easing Sanctions on Russia's Rusal

Akorn's Stock Crashes as Germany's Fresenius Ends Takeover Amid Data Allegations

Akorn's Stock Crashes as Germany's Fresenius Ends Takeover Amid Data Allegations