Today’s Key Highlights: AngloGold Ashanti Limited (AU), Trinity Biotech (TRIB), AT&T Inc. (T)

Analysts at HSBC recently weighed in on the stock of AngloGold Ashanti Limited (ADR) (NYSE:AU) with a downgrade note. They reduced the gold mining company to “Neutral” from “Overweight”. Several other firms have also recently commented on the stock of AngloGold Ashanti Limited (ADR) (NYSE:AU). Such include Citigroup Inc (NYSE:C) and JPMorgan Chase & Co. (NYSE:JPM). The firms have a “Buy” and an “Overweight” rating on the stock, respectively.

 It was recently reported that AngloGold Ashanti Limited (ADR) (NYSE:AU) was considering a move to drop UBS and Goldman Sachs Group Inc (NYSE:GS) as its advisers. The two investment banks were involved in the failed $2.1 billion sale of shares after investors rebelled.

Trinity Biotech plc (ADR) (NASDAQ:TRIB) reported a mixed 3Q in which profits tumbled, but revenue soared. The medical diagnostic company said its revenue for the quarter jumped up 12.6% to $27.2 million. However, it was a different story on the profit column where profit before tax came in at $4.6 million, short of $5 million a year ago. As if that was not enough, the operating profit also took a hit to come at $4.6 million against $4.8 million in the previous year.

Trinity Biotech plc (ADR) (NASDAQ:TRIB) was recently downgraded to “Hold” from a “Buy” at TheStreet.

AT&T Inc. (NYSE:T)’s tepid 3Q earnings results this week further raised concerns about what lies ahead for the leading U.S. telecom operators. It appears as though AT&T and Verizon Communications Inc (NYSE:VZ) are facing growing pressure from the smaller rivals in subscriber growth.

Although AT&T managed to add 2 million new wireless customers in the quarter, its financial data lacked the warmth that the market was expecting. The company posted earnings per share of $0.63 on revenue of $33 billion. The figures trailed the estimates as analysts on the average expected earnings of $0.64 per share on revenue of $33.25 billion.

The gains to AT&T Inc. (NYSE:T)’s side in the quarter were mainly driven by the growth in the emerging connected device market that included connected cars.

About the Author

Barry is a senior journalist at Us Markets Daily. He reports, shoots and edits many of his own stories by himself.

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