Despite the challenging macroeconomic environment, telecom giant AT&T Inc.’s (T) shares have gained 29.3% in price over the past three months and 27.9% over the past year to close the last trading session at $19.55. The stock has recently traded at an average volume of 42.61 million.
Despite the challenging macroeconomic environment, T’s earnings and revenue beat analyst estimates in the third quarter. Its EPS beat analyst estimates by 10.4%, while its revenue came 0.6% above the consensus estimate. Although the company’s revenue declined on a year-over-year basis, the decline can be attributed to the divestments of WarnerMedia and DirecTV.
