AT&T Inc. (T) Rises 1.04% for December 11

Equities Staff  |

Among the biggest risers on the S&P 500 on Friday December 11 was AT&T Inc. ($T), popping some 1.04% to a price of $31.01 a share with some 30.92 million shares trading hands.

Starting the day trading at $30.43, AT&T Inc. reached an intraday high of $31.09 and hit intraday lows of $30.39. Shares gained $0.32 apiece by day’s end. Over the last 90 days, the stock’s average daily volume has been n/a of its 7.13 billion share total float. Today’s action puts the stock’s 50-day SMA at $n/a and 200-day SMA at $n/a with a 52-week range of $26.08 to $39.55.

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 20 million television and 14 million Internet access customers. WarnerMedia now contributes a bit less than 20% of revenue with media assets that include HBO, the Turner cable networks, and the Warner Brothers studios. Fixed-line business communications (14%), Latin American satellite television (2%), and Mexican wireless services (1%) constitute the remainder of the firm.

AT&T Inc. has its corporate headquarters located in Dallas, TX and employs 235,000 people. Its market cap has now risen to $220.98 billion after today’s trading, its P/E ratio is now n/a, its P/S n/a, P/B 1.28, and P/FCF n/a.

You can find a complete fundamental analysis of this stock at our For a complete fundamental analysis analysis of AT&T Inc., check out Stock Valuation Analysis tool for T.

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The Dow Jones Industrial Average (DJIA) is the most visible stock index in the United States, but that doesn’t make it the best. In fact, the industry standard for market watchers and institutional investors in gauging portfolio performance is the S&P 500.

The DJIA relies on just 30 stocks as a sample of large- and mega-cap firms, dwarfed by the 500 contained in the S&P 500, and it also weights its returns using an outdated and flawed price-weighting method. The S&P 500’s weighting is based on market cap, making it a much better representation of actual market performance for large- and mega-cap stocks.

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.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer


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