Will AT&T Fight the DOJ or Slim Down T-Mobile Ambitions?

AT&T’s (NYSE:T) $39 billion T-Mobile (DTEGY.PK) deal may be disintegrating as discussions about selling T-Mobile assets go nowhere, say sources. A disinvestment could have helped slide the deal past regulators. So it seems that AT&T will now be forced to either face a court battle with the Department of Justice or accept a less ambitious arrangement such as a minority stake or a joint venture.

Here’s how top telecom stocks are trading on the news:

AT&T, Inc. (NYSE:T): T shares recently traded at $29.02, up $0.17, or 0.59%. They have traded in a 52-week range of $27.20 to $31.94. Volume today was 3,508,217 shares versus a 3-month average volume of 28,865,000 shares. The company’s trailing P/E is 14.72, while trailing earnings are $1.97 per share. Get the most recent company news and stock data here >>

Verizon Communications Inc. (NYSE:VZ): VZ shares recently traded at $39.08, up $0.3, or 0.77%. They have traded in a 52-week range of $32.28 to $38.95. Volume today was 3,266,823 shares versus a 3-month average volume of 15,394,800 shares. The company’s trailing P/E is 15.71, while trailing earnings are $2.49 per share. Get the most recent company news and stock data here >>

Sprint Nextel Corp. (NYSE:S): S shares recently traded at $2.28, up $0.03, or 1.33%. They have traded in a 52-week range of $2.10 to $6.45. Volume today was 6,167,567 shares versus a 3-month average volume of 59,035,700 shares. The company’s trailing earnings are $-0.84 per share. Get the most recent company news and stock data here >>