|Day's range||8.54 - 8.77|
|52-week range||5.55 - 9.65|
|PE ratio (TTM)||-28.71|
|Dividend & yield||0.00 (0.00%)|
|1y target est||N/A|
AT&T Inc's quarterly profit topped Wall Street estimates on Tuesday as the No. 2 U.S. wireless carrier lowered operating costs and introduced new promotions bundling video with phone service that helped it compete in a fierce market for customers. AT&T is battling industry leader Verizon Communications Inc and smaller rivals Sprint Corp and T-Mobile US Inc for customers in a market where most people already have cell phones. AT&T, which is in the process of buying Time Warner Inc for $85.4 billion in an effort to turn itself into a media powerhouse, has sought to compete by bundling mobile service with video entertainment.
Despite intense competition in mobile, AT&T said wireless margins hit a record high.
The fact that AT&T stock has fallen 16% since last year’s high, for starters … a period during which most other stocks made sizable gains. Tuesday afternoon’s second quarter earnings report was not only a chance for the company to redeem itself, but also a chance for AT&T stock to be rekindled.