The communication services sector is having a strong year. Its 11.41% gain in 2025 makes it the third-best performer among the S&P 500’s 11 sectors, easily outpacing the index’s 7.28% gain. It’s been a similar story for legacy telecom company AT&T (NYSE: T), which has seen its stock rise by more than 19%.
That strong performance was bolstered on Wednesday when the company reported Q2 financials before market open. AT&T announced EPS of 54 cents, topping the consensus estimate of 51 cents, resulting in a trailing 12-month (TTM) price-to-earnings (P/E) ratio of 16.79.
