Bear of the Day: AT&T (T)

Core Viewpoint - AT&T has experienced a decline in its stock performance and earnings expectations, leading to a Zacks Rank of 5 (Strong Sell) [2][3] Company Overview - AT&T provides telecommunications and technology services globally, operating through two segments: Communications and Latin America [2] - The company is part of the Wireless National industry, which ranks in the bottom 23% of the Zacks Industry Rank [2] Earnings Expectations - Four analysts have reduced their earnings expectations for the current year, while seven analysts have done so for the next year [3] - The current year Zacks Consensus Estimate has decreased from $2.22 to$2.20 over the last 30 days, and next year's estimate has dropped from $2.34 to$2.14 over the last 90 days [3] Stock Performance - AT&T's stock has been on a downward trend since early December, falling nearly 10% from around $24 [4] - This decline follows a significant increase from lows of$14 in January of the previous year [4] Alternative Investment Options - Investors seeking better-performing stocks within the industry may consider Cambium Networks (CMBM) and Cogent Communications (CCOI), both of which hold a Zacks Rank of 2 (Buy) [4]