S&P 500 may face selling pressure as systematic funds reach full exposure
AT&T Inc (NYSE:T). shares have surged to a 52-week high, reaching a price level of $27.16, as the telecom giant continues to ride a wave of positive momentum. This impressive peak reflects a significant turnaround for the company, which has seen its stock price bolstered by strategic business moves and market optimism. Over the past year, AT&T has experienced a remarkable 58.89% change, outpacing many of its industry peers and rewarding investors with substantial gains. The company’s performance is a testament to its resilience and adaptability in a rapidly evolving telecommunications landscape.
In other recent news, TELUS (NYSE:TU) reported strong financial performance for the fourth quarter of 2024, exceeding earnings expectations. The company announced an earnings per share of $0.54, surpassing the analyst forecast of $0.49, and a revenue of $32.3 billion, slightly above the anticipated $32.07 billion. TELUS also experienced a 3.2% year-over-year increase in net income and a 20% growth in basic earnings per share. For 2025, TELUS projects operating revenue growth between 2-4% and adjusted EBITDA growth of 3-5%, with planned capital expenditures of approximately $2.5 billion. Meanwhile, AT&T has scheduled a series of fireside chats with executives to update analysts and investors on its progress toward 2025 goals. These discussions will feature key figures such as CFO Pascal Desroches and CEO John Stankey, and will be accessible via live webcasts. These developments reflect both companies’ ongoing efforts to maintain transparency with investors and analysts.
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