Before Softbank stepped forward with interest to take over Vodafone, AT&T Inc (NYSE:T) was seen to be showing interest in Vodafone’s U.K. operations. With intense competition in the U.S. telecoms market, AT&T is looking to the European market which still looks promising especially for data business. However, AT&T investors seemed unsettled with eurozone investment given the stringent regulatory measures in the market. AT&T Inc. (NYSE:T) shares after opening at $35.15 moved to $35.43 on last trade day and at the end of the day closed at $35.12. Company price to sales ratio in past twelve months was calculated as 1.42 and price to cash ratio as 54.77. AT&T Inc. (NYSE:T) showed a negative weekly performance of -0.14%.
Bank of America Corp (NYSE:BAC) stock has been flying higher in recent quarters. However, the stock is currently trading sideways and may need time to consolidate before heading higher. Analyzing the price trend and its strength can be done using key simple moving averages. What are the key moving averages? The 50-day (pink), 100-day (blue), and 200-day (yellow) simple moving averages. As seen in the daily price chart below, Bank of America is trading between its rising key averages, which signals neutral price action in the near-term. Bank of America Corp (NYSE:BAC) shares fell -3.01% in last trading session and ended the day on $16.12. BAC return on equity ratio is recorded as 4.60% and its return on assets is 0.50%. Bank of America Corp (NYSE:BAC) yearly performance is 31.70%.
Ford Motor Company (NYSE:F) had its price target cut by Morgan Stanley from $20.00 to $17.00 in a research report sent to investors on Wednesday morning, Stock Ratings Network reports. The firm currently has an overweight rating on the stock. Ford Motor Company (NYSE:F) shares moved down -1.33% in last trading session and was closed at $15.63, while trading in range of $15.59 – 15.91. Ford Motor Company (NYSE:F) year to date (YTD) performance is 2.09%.
General Motors Company (NYSE:GM) has suspended two engineers in the first disciplinary action stemming from its mishandled recall of more than 2 million small cars for a deadly ignition switch problem. But the company also said a second ignition part in the cars must be fixed, boosting first-quarter recall costs above $1 billion. General Motors Company (NYSE:GM) weekly performance is -6.04%. On last trading day company shares ended up $33.30. General Motors Company (NYSE:GM) distance from 50-day simple moving average (SMA50) is -5.79%. Analysts mean target price for the company is $46.07.