AT&T Inc. (NYSE:T) [Trend Analysis] luring active investment momentum, shares a decrease -0.59% to $40.57. AT&T (T) declared that it is raising price of its grandfathered unlimited data plans by $5 a month, the second such increase in the past year. The price increase affects longtime mobile consumers who have held onto unlimited data plans for years after AT&T stopped selling them to new subscribers.
The latest price increase was declared by DSLReports yesterday, and AT&T confirmed the move to Ars.”If you have a legacy unlimited data plan, you can keep it; however, beginning in March 2017, it will increase by $5 per month,” AT&T said. The unlimited data price had been $30 a month for seven years, until AT&T raised it to $35 in February 2016. The price increase this year will bring it up to $40. That amount is just for data: Including voice and texting, the smartphone plans cost around $90 a month. The total volume of 2.49 Million shares held in the session was surprisingly higher than its average volume of 25060.86 shares. EPS estimates indicating constrictive facts, the current year from sell-side analysts, Price to current year EPS stands at 91.40%, and looking further price to next year’s EPS is 4.54%. While take a short look on price to sales ratio, that was 1.58 and price to earnings ratio of 17.37 attracting passive investors.
Several matter pinch shares of Duke Energy Corporation (NYSE:DUK) [Trend Analysis], as shares plunging -0.05% to $76.46 with a share volume of 158482. Duke Energy Renewables declared that it has acquired three solar power projects from SunPower Corp. totaling 55 megawatts (MW). The sites include the 20-MW Rio Bravo I, the 20-MW Rio Bravo II, and the 15-MW Wildwood Solar II solar power plants. They are located in Kern County, California, adjacent to two existing solar sites owned by Duke Energy Renewables.
“These solar projects are excellent facilities that increase our solar presence in California by 50 percent,” said Rob Caldwell, president, Duke Energy Renewables and Distributed Energy Technology. “As we continue to grow our footprint in the state, we’re pleased to provide cost-efficient, sustainable power systems that contribute to California’s leadership in renewable energy.”The acquisition was completed in late December, the same month the facilities were placed in service. Southern California Edison is purchasing the power generated by the plants under 20-year contracts. The stock is going forward its 52-week low with 13.44% and moving down from its 52-week high price with -11.84%. To have technical analysis views, liquidity ratio of a company was calculated 1.10 as evaluated with its debt to equity ratio of 1.24. The float short ratio was 1.36%, as compared to sentiment indicator; Short Ratio was 2.84.