Shareholder returns and stock trends

AT&T (T) stock fell ~3.4% on October 11 and closed at $31.75 as part of the significant sell-off in the tech sector. Based on that closing price, AT&T has a market capitalization of ~$230.6 billion—the largest among the major US wireless service operators.

Year-to-date, AT&T’s stock price has fallen 18.3%. The stock has generated a return of -2.8% in the trailing-one-month period and -16.9% in the trailing-12-month period. In comparison, Verizon (VZ) and T-Mobile (TMUS) have seen their stock prices rise 9.2% and 8.2%, respectively, in the trailing-12-month period. Meanwhile, Sprint’s (S) stock price fell 13.6% in the trailing-12-month period.

What Is AT&T’s Outlook after the Major Market Sell-Off?

Analysts’ recommendations

Of the 31 analysts covering AT&T, 11 rated the stock as a “buy.” Three rated it as a “sell,” and 17 rated it as a “hold.” Analysts have set a target price of $35.48 for AT&T stock and a median consensus estimate of $36.00. AT&T was trading at $31.75 on October 11, which is a 13.4% discount to its consensus median target estimate.

Wall Street analysts’ estimates

Wall Street analysts expect AT&T to report an ~7.5% rise in revenues to $172.8 billion in 2018 compared to $160.8 billion in 2017. Its adjusted earnings per share are expected to be $3.50 in 2018 compared to $3.05 in 2017.

Latest articles

After opening on a bearish note on Wednesday, Tesla (TSLA) was trading with 4.8% losses for the day, near $195.25 at 1:16 PM ET.

With voting conducted in seven phases panning six weeks, India’s (EPI) elections have been a grand affair—to say the least. Tomorrow is the day of the results.

Qualcomm (QCOM) stock fell more than 10% in the first half of trading on May 22 after it lost its licensing lawsuit with the US FTC (Federal Trade Commission).

Apple (AAPL) suffered a setback recently when the US Supreme Court allowed an antitrust lawsuit against the company to proceed.

Today doesn’t seem to be a good day for electric vehicle companies. Earlier today, NIO stock hit an all-time low of $4.00.

22 May

Cannabis Stocks Struggle to Find Direction

WRITTEN BY Adam Jones

The cannabis sector has been struggling to find direction on May 22, with cannabis stocks trading on a largely mixed note in the first half.

172.31.59.107