Over the period from June 2 until June 8, AT&T (T) stock plummeted from $29.62 to $28.78. That loss can be referred to as a 2% crash. Just in 3 days, the stock gained 2%, that rise happened from $28.78 to $29.34. 6 days later the stock dropped to $28.79, this is an almost 2% value loss. By today, the stock price is staying relatively on the same level.
Valuation is also important, so investors should keep in mind that AT&T has a forward P/E ratio of 9.17 right now. In comparison, the industry average forward P/E ratio is 48.35, which means that T is trading at a discount to the group. It is also worth noting that T currently has a PEG factor of 2.98. This metric is used in a similar way to the famous P/E ratio, but the PEG ratio also takes into account the expected growth rate of earnings from stocks. The wireless industry currently had an average PEG of 2.33 at yesterday’s close.
AT&T (T) closed the last trading day at $29.28, up 0.65% from the previous trading session. To date, telecom stock has lost 7.27% over the past month. At the same time, the computer and technology sector grew by 7.19%.
Finance and Entertainment Reporter
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