Stock market today: S&P 500 closer lower on fresh economic concerns
AT&T Inc (NYSE:T). shares have surged to a 52-week high, touching $26.23 as the telecom giant continues to ride a wave of positive momentum. This peak represents a significant turnaround from its previous positions, reflecting a robust 1-year change of 54.76%. Investors have shown renewed confidence in AT&T’s strategic direction, which has been reflected in the stock’s impressive ascent over the past year. The company’s performance, particularly in the context of its competitive industry, has been a focal point for market analysts who are closely monitoring its growth trajectory and future potential.
In other recent news, TELUS (NYSE:TU) reported its fourth-quarter 2024 earnings, delivering an earnings per share (EPS) of 0.54 USD, surpassing analyst expectations of 0.49 USD. The company’s revenue for the quarter reached 32.3 billion USD, slightly exceeding the anticipated 32.07 billion USD. TELUS demonstrated a 3.2% year-over-year increase in net income and a 20% growth in basic EPS, reflecting efficiency improvements. The company continues to project operating revenue growth between 2-4% and adjusted EBITDA growth of 3-5% for 2025. TELUS also plans capital expenditures of approximately 2.5 billion USD and aims for free cash flow of 2.15 billion USD.
In other company news, AT&T has scheduled a series of fireside chats with its executives to provide updates and insights to analysts and investors. These discussions will be available via live webcasts, reinforcing AT&T’s commitment to transparency with its stakeholders. The company also confirmed its progress towards meeting its financial and operational goals for 2025.
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