AT&T Inc. (T) Moves Higher on Volume Spike for March 15

Equities Staff  |

AT&T Inc. (T) traded on unusually high volume on Mar. 15, as the stock gained 1.29% to close at $30.67. On the day, AT&T Inc. saw 52.86 million shares trade hands on 95,336 trades. Considering that the stock averages only a daily volume of 29.74 million shares a day over the last month, this represents a pretty significant bump in volume over the norm.

Generally speaking, when a stock experiences a sudden spike in trading volume, it may be seen as a bullish signal for investors. An increase in volume means more market awareness for the company, potentially setting up a more meaningful move in stock price. The added volume also provides a level of support and stability for price advances.

The stock has traded between $37.34 and $26.80 over the last 52-weeks, its 50-day SMA is now $30.29, and its 200-day SMA $30.76. AT&T Inc. has a P/B ratio of 1.22. It also has a P/E ratio of 10.6.

Wireless communication remains AT&T's largest business, contributing nearly 40% of revenue. As the second- largest U.S. wireless carrier, AT&T connects more than 100 million devices, including 63 million postpaid and 16 million prepaid phone customers. The consumer and entertainment segment (about 25% of revenue) includes the consumer fixed-line and DirecTV satellite television businesses, serving 24 million television and 14 million Internet access customers. WarnerMedia (formerly Time Warner) now contributes about 18% of revenue with media assets that include HBO, the Turner cable networks, and the Warner Brothers studios. Fixed-line business communications (15%), Latin American satellite television (3%), and Mexican wireless services (2%) constitute the remainder of the firm.

Headquartered in Dallas, TX, AT&T Inc. has 268,000 employees and is currently under the leadership of CEO Randall L. Stephenson.

For a complete fundamental analysis analysis of AT&T Inc., check out Equities.com’s Stock Valuation Analysis report for T.

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To get more information on AT&T Inc. and to follow the company’s latest updates, you can visit the company’s profile page here: T’s Profile. For more news on the financial markets and emerging growth companies, be sure to visit Equities.com’s Newsdesk. Also, don’t forget to sign-up for our daily email newsletter to ensure you don’t miss out on any of our best stories.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.



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