AT&T Inc T shares are trading higher by 2.2% to $17.16 during Tuesday’s session. Shares are trading higher in sympathy with peer telecommunications stock Verizon Communications Inc. after the company reported better-than-expected fourth-quarter results.

What Happened With Verizon In Q4?

Although there was a slight 0.3% decrease in year-on-year sales, which amounted to $35.13 billion, Verizon still exceeded the expected consensus of $34.64 billion. The adjusted earnings per share (EPS) were $1.08, surpassing the anticipated $1.07.

The total wireless service revenue showed a positive growth of 3.2% year-on-year, reaching $19.4 billion. Furthermore, there were a total of 413,000 new broadband additions, marking the fifth consecutive quarter with over 400,000 broadband net additions…Read More

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According to data from Benzinga Pro, AT&T has a 52-week high of $21.53 and a 52-week low of $13.43.