AT&T Inc. (NYSE:T) Launch of New IoT Analytics Solution Powered by IBM (IBM) Watson On Cloud- Wells Fargo (NYSE:WFC)

AT&T Inc. (NYSE:T) [Trend Analysis] moved down reacts as active mover, shares a decrease -0.80% to trade at $42.08 and the percentage gap between open changing to regular change was 0.07%. AT&T Inc. (T) reported that launch of new IoT analytics solution powered by IBM (IBM) Watson on the cloud. AT&T said the companies combine their unique strengths in IoT, cognitive computing, global connectivity and cloud to help clients drive actionable insights from data.

By using AT&T’s IoT solutions and IBM Cloud, the companies could unlock more value from their data in a simpler way. According to AT&T, the new IoT analytics capability, a pilot collaboration between the two companies, aims to help AT&T’s enterprise consumers transform their industrial IoT data into analytic insights. With this, they can take immediate action to improve business operations. The firm’s current ratio calculated as 0.80 for the most recent quarter. The firm past twelve months price to sales ratio was 1.58 and price to cash ratio remained 44.65. As far as the returns are concern, the return on equity was recorded as 10.50% and return on investment was 7.20% while its return on asset stayed at 3.20%. The firm has total debt to equity ratio measured as 1.

Wells Fargo & Company (NYSE:WFC) [Trend Analysis] attempts to attain leading position in street, Shares price changes as it -3.09% to close at $55.85 with the total traded volume of 31.71 Million shares. CEO of Wells Fargo & Company (WFC) Tim Sloan hosted a companywide town hall meeting in which he introduced six long-term goals and provided updates on the company’s ongoing work to rebuild trust. Sloan also previewed for team members a new “Building Better Every Day” brand platform and national advertising campaign.

The Orlando meeting was broadcast live to all of Wells Fargo’s team members globally.“We’re making things right for our consumers and our team members. We are fixing problems, and we’re building a better bank for the future,” Sloan told team members. “As we rebuild trust, we will reintroduce to our stakeholders what our Wells Fargo bankers have always been known for, and that’s helping our consumers to succeed financially.” The firm has institutional ownership of 77.60%, while insider ownership included 0.10%. Its price to sales ratio ended at 5.21. WFC attains analyst recommendation of 2.70 with week’s performance of -4.95%.

 

About Richard Avery

He is a capital projects manager and process design engineer at a large-cap company. He has renowned MBA degree. Before joining SWR, he was a freelance writer for renounce tech websites. He is currently studying for CFP exam. Interests: Tech stocks, Economic Markets, Blue-chips.

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