AT&T plans to layoff more than 10% of its workers in Slovakia. Reuters reported that the telecommunication giant move to cut jobs came as the COVID-19 pandemic took a load on customer service in the country.
Reuters also reports that they don’t have a specific number to which job will be cut, but it is expected roughly 300 Slovakians will join the unemployment line. The communication giant has more than 2800 workers in Slovakia. Unemployment in Central European countries jumped from 5.2% to 7.4% in recent months due to the ongoing epidemic and employers finding an easier excuse to let go of employees.
AT&T Inc. (NYSE: T) is 1.43% higher on its value in year-to-date trading and has touched a low of $26.08 and a high of $39.14 in the current 52-week trading range. The T stock was last observed hovering at around $29.17 in the last trading session, with the day’s loss setting it -0.1% off its average median price target of $31.00 for the next 12 months. It is also 23.5% off the consensus price target high of $38.00 offered by 29 analysts, but current levels are -81.69% lower than the price target low of $16.00 for the same period.
The stock witnessed a -4.61% loss in the last 1 month and extending the period to 3 months gives it a 6.27%, and is 0.52% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.91% over the week and 1.64% over the month.
AT&T Inc. (T) has around 235000 employees, a market worth around $208.72B and $172.89B in sales. THE current P/E ratio is 19.19 and Fwd P/E is 9.19. The profit margin for the company is 6.30%. Distance from 52-week low is 11.45% and -25.74% from its 52-week high. The company has generated returns on investments over the last 12 months (7.00%).