U.S. stocks fall as Waller news weighs; Apple adds to gains
AT&T Inc (NYSE:T). shares soared to a 52-week high of $24.04, marking a significant milestone for the telecommunications giant. This peak reflects a remarkable 38% surge in the stock's value over the past year, showcasing investor confidence and the company's resilient performance in a competitive market. The ascent to this high represents a period of strategic initiatives and operational improvements that have resonated positively with shareholders, underpinning AT&T's commitment to growth and value creation amidst industry challenges.
In other recent news, AT&T Inc. reported a significant rise in its fourth-quarter net income for 2024, reaching $4.0 billion, compared to $2.1 billion in the same quarter of the previous year. However, the full year of 2024 saw a decrease in net income to $10.7 billion from $14.2 billion in 2023. The company also entered into a pivotal $850 million sale-leaseback agreement with private developer Reign Capital, involving 74 of AT&T's less utilized properties across the U.S. Analysts from Argus and RBC Capital Markets upgraded AT&T shares, recognizing the company's strategic shift towards the integration of wireless and fiber internet services. On the other hand, AT&T faced a significant security breach last year, which resulted in the exposure of confidential FBI data. These are recent developments in the company's ongoing activities and strategies.
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