Promising Telecom Stocks Worth Watching – November 8th

SpaceX, Verizon Communications, AST SpaceMobile, T-Mobile US, and AT&T are the five Telecom stocks to watch today, according to MarketBeat’s stock screener tool. Telecom stocks are shares of publicly traded companies that provide communications services or infrastructure, such as wireless, broadband, landline, and network equipment. For investors, they offer exposure to the telecommunications sector, whose performance can be influenced by subscriber growth, pricing, regulation, and investment in network technology. These companies had the highest dollar trading volume of any Telecom stocks within the last several days.

SpaceX (SPCX)

Our mission is to build the systems and technologies necessary to make life multiplanetary, to understand the true nature of the universe, and to extend the light of consciousness to the stars. To do this, we have formed the most ambitious, vertically integrated innovation engine on (and off) Earth with unmatched capabilities to rapidly manufacture and launch space-based communications that connect the world, to harness the Sun to power a truth-seeking artificial intelligence that advances scientific discovery, and ultimately to build a base on the Moon and cities on other planets.

Shares of NASDAQ SPCX traded up $10.65 during midday trading on Friday, hitting $134.27. The company’s stock had a trading volume of 114,740,906 shares, compared to its average volume of 108,373,200. SpaceX has a 12-month low of $104.83 and a 12-month high of $225.64. The company has a current ratio of 3.08, a quick ratio of 3.00 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $1.82 trillion and a price-to-earnings ratio of 516.42. The business’s 50 day moving average price is $149.18.

Verizon Communications (VZ)

Verizon Communications Inc., through its subsidiaries, engages in the provision of communications, technology, information, and entertainment products and services to consumers, businesses, and governmental entities worldwide. It operates in two segments, Verizon Consumer Group (Consumer) and Verizon Business Group (Business).

VZ traded down $0.34 during trading hours on Friday, reaching $45.78. 24,150,900 shares of the company’s stock traded hands, compared to its average volume of 31,793,324. The firm has a 50-day moving average price of $46.62 and a 200 day moving average price of $46.90. Verizon Communications has a 52-week low of $38.68 and a 52-week high of $51.68. The company has a quick ratio of 0.58, a current ratio of 0.63 and a debt-to-equity ratio of 1.33. The firm has a market capitalization of $189.74 billion, a PE ratio of 11.68, a PEG ratio of 1.85 and a beta of 0.28.

AST SpaceMobile (ASTS)

Shares of ASTS traded up $2.13 during trading hours on Friday, reaching $32.33. 32,613,890 shares of the company traded hands, compared to its average volume of 18,838,236. The firm has a market cap of $12.58 billion, a price-to-earnings ratio of -15.11 and a beta of 2.88. AST SpaceMobile has a 12-month low of $27.58 and a 12-month high of $133.86. The company has a current ratio of 13.05, a quick ratio of 12.90 and a debt-to-equity ratio of 1.24. The stock’s fifty day moving average price is $52.17 and its 200 day moving average price is $76.01.

T-Mobile US (TMUS)

T-Mobile US, Inc., together with its subsidiaries, provides mobile communications services in the United States, Puerto Rico, and the United States Virgin Islands. The company offers voice, messaging, and data services to customers in the postpaid, prepaid, and wholesale and other services. It also provides wireless devices, including smartphones, wearables, tablets, home broadband routers, and other mobile communication devices, as well as wireless devices and accessories; financing through equipment installment plans; reinsurance for device insurance policies and extended warranty contracts; leasing through JUMP! On Demand; and High Speed Internet services.

TMUS traded up $1.42 on Friday, reaching $162.01. 5,615,022 shares of the company traded hands, compared to its average volume of 7,626,986. T-Mobile US has a one year low of $143.75 and a one year high of $224.75. The firm has a fifty day simple moving average of $164.96 and a two-hundred day simple moving average of $186.19. The company has a market cap of $171.61 billion, a P/E ratio of 15.64, a price-to-earnings-growth ratio of 0.94 and a beta of 0.40. The company has a quick ratio of 0.78, a current ratio of 0.91 and a debt-to-equity ratio of 1.45.

AT&T (T)

AT&T, Inc. is a holding company, which engages in the provision of telecommunications and technology services. It operates through the Communications and Latin America segments. The Communications segment offers wireless, wireline telecom, and broadband services to businesses and consumers located in the US and businesses globally.

Shares of AT&T stock traded down $0.21 on Friday, hitting $21.61. 40,034,569 shares of the company traded hands, compared to its average volume of 58,375,000. The company has a current ratio of 0.87, a quick ratio of 0.82 and a debt-to-equity ratio of 1.22. The company has a market cap of $145.60 billion, a PE ratio of 11.68, a PEG ratio of 1.07 and a beta of 0.30. The stock’s 50 day moving average price is $23.96 and its 200-day moving average price is $24.91. AT&T has a 52 week low of $19.89 and a 52 week high of $29.43.