Best Telecom Stocks Worth Watching - November 3rd

Key Points

• SpaceX, AT&T, and Verizon were identified as the telecom stocks with the highest recent dollar trading volume and are the sector’s key names to watch.
• SpaceX shares rose to $141.38, while the company carried a $1.92 trillion market capitalization and a very high P/E ratio of 542.92, highlighting its ambitious growth expectations and premium valuation.
• AT&T and Verizon both traded lower, at $21.27 and $45.03, respectively. Both companies have P/E ratios near 11.5, but also carry relatively high debt-to-equity ratios of 1.22 and 1.33.

SpaceX, AT&T, and Verizon Communications are the three Telecom stocks to watch today, according to MarketBeat's stock screener tool. Telecom stocks are shares of companies that provide telecommunications services, such as wireless, broadband internet, telephone, cable, and related network infrastructure. For stock market investors, they represent ownership in these companies and may offer income through dividends, though their performance can be affected by competition, regulation, capital costs, and changing 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 $5.01 during mid-day trading on Tuesday, hitting $141.38. 46,441,172 shares of the stock were exchanged, compared to its average volume of 102,430,000. The firm's fifty day moving average price is $149.55. SpaceX has a twelve month low of $104.83 and a twelve month high of $225.64. The firm has a market cap of $1.92 trillion and a P/E ratio of 542.92. The company has a debt-to-equity ratio of 0.20, a quick ratio of 3.00 and a current ratio of 3.08.

Read Our Latest Research Report on SPCX

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 $0.17 on Tuesday, hitting $21.27. The stock had a trading volume of 17,516,740 shares, compared to its average volume of 48,855,168. The stock has a 50 day moving average of $24.28 and a 200 day moving average of $24.95. The firm has a market capitalization of $143.32 billion, a P/E ratio of 11.51, a PEG ratio of 1.03 and a beta of 0.25. AT&T has a twelve month low of $19.89 and a twelve month high of $29.43. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.82 and a current ratio of 0.87.

Read Our Latest Research Report on T

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 $0.01 during trading on Tuesday, reaching $45.03. 7,204,716 shares of the company's stock were exchanged, compared to its average volume of 27,333,705. The company has a current ratio of 0.63, a quick ratio of 0.57 and a debt-to-equity ratio of 1.33. Verizon Communications has a one year low of $38.68 and a one year high of $51.68. The firm has a fifty day moving average price of $46.95 and a two-hundred day moving average price of $46.77. The stock has a market capitalization of $187.11 billion, a PE ratio of 11.50, a price-to-earnings-growth ratio of 1.75 and a beta of 0.26.

Read Our Latest Research Report on VZ

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