Stocks That Fell to 3-Year Lows in the Week of Dec. 14

Gilead Sciences Inc., AT&T Inc., British American Tobacco PLC and Lloyds Banking Group PLC have declined to their respective 3-year lows

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Dec 15, 2018
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Gilead Sciences Inc. (GILD, Financial), AT&T Inc. (T, Financial), British American Tobacco PLC (BTI, Financial) and Lloyds Banking Group PLC (LYG, Financial) have declined to their three-year lows.

Gilead Sciences Inc. (GILD, Financial) declined to $65.57

The prices of Gilead Sciences Inc. (GILD, Financial) shares have declined to $65.57 on Dec. 14, which is only 2.8% above the three-year low of $63.76.

Gilead Sciences Inc. is an American international pharmaceutical and biotechnology company that develops and commercializes therapeutics. The company focuses primarily on antiviral drugs used in the treatment of HIV, hepatitis B, hepatitis C and influenza. Some of the products that the company developed include AmBisome, Atripla, Cayston, Emtriva and Flolan.

Gilead Sciences Inc. has a market cap of $84.82 billion; its shares were traded around $65.57 with a price-earnings ratio of 54.64 and price-sales ratio of 3.87. The trailing 12-month dividend yield of Gilead Sciences Inc. stocks is 3.47%. The forward dividend yield of Gilead Sciences Inc. stocks is 3.39%. Gilead Sciences Inc. had an annual average earnings growth of 31.00% over the past 10 years.

On Nov. 18 Gilead Sciences Inc. announced that the China National Medical Products Administration has approved of Vemlidy, a once-daily treatment for chronic hepatitis B in individuals aged 12 years and older. In clinical trials, Vemlidy demonstrated superior renal and bone laboratory safety parameters compared to Viread, another drug that Gilead has developed for hepatitis B.

AT&T Inc. (T, Financial) declined to $30.22

The prices of AT&T Inc. (T, Financial) shares have declined to $30.22 on Dec. 14, which is only 4.5% above the three-year low of $28.85.

AT&T Inc. an American multinational telecommunications conglomerate that is the second largest provider of mobile telephone services and the largest provider of fixed telephone services in the United States. It also provides broadband subscription television services through DirecTV.

AT&T Inc. has a market cap of $219.94 billion; its shares were traded around $30.22 with a price-earnings ratio of 5.73 and price-sales ratio of 1.19. The trailing 12-month dividend yield of AT&T Inc. stocks is 6.60%. The forward dividend yield of AT&T Inc. stocks is 6.69%. AT&T Inc. had an annual average earnings growth of 1.60% over the past 10 years.

On Nov. 5 AT&T Inc. announced that it will be joining Prevas, a Swedish IT and engineering company, in a 3-year deal to help businesses apply AT&T’s secure IoT solutions to help Prevas customers get their connected products to market faster. Prevas will use AT&T’s IoT solutions to help its customers more easily access their smart operations and services.

British American Tobacco PLC (BTI, Financial) declined to $33.08

The prices of British American Tobacco PLC (BTI, Financial) shares have declined to $33.08 on Dec. 14, which is only 0.2% above the three-year low of $33.00.

British American Tobacco PLC is a British international tobacco company that is the largest publicly traded tobacco company in the world. The company has a market leading position in over 50 countries and operations in 180 countries. Some of its largest selling brands are Dunhill, Lucky Strike, Kent and Pall Mall.

British American Tobacco PLC has a market cap of $76.26 billion; its shares were traded around $33.08 with a price-earnings ratio of 1.42 and price-sales ratio of 2.68. The trailing 12-month dividend yield of British American Tobacco PLC stocks is 7.77%. The forward dividend yield of British American Tobacco PLC stocks is 8.00%. British American Tobacco PLC had an annual average earnings growth of 13.30% over the past 10 years.

On Dec. 14 British American Tobacco PLC announced management board changes, which include adding new management board roles such as Digital and Information Director and New Categories Director. Furthermore, the company also announced that the roles of Chief Operating Officer and Group Business Development Director will cease to exist, and all four regions of the company will report directly to the CEO following the changes. These changes will take effect on Jan. 1, 2019.

Lloyds Banking Group PLC (LYG, Financial) declined to $2.58

The prices of Lloyds Banking Group PLC (LYG, Financial) shares have declined to $2.58 on Dec. 14, which is only 4.3% above the three-year low of $2.47.

Lloyds Banking Group PLC is a British international financial services company that was formed by the acquisition of HBOS by Lloyds TSB in 2009. The company’s activities are organized into various sectors, including retail banking, commercial, insurance, and pensions.

Lloyds Banking Group PLC has a market cap of $47.35 billion; its shares were traded around $2.58 with a price-sales ratio of 10.52 and price-sales ratio of 1.25. The trailing 12-month dividend yield of Lloyds Banking Group PLC stocks is 6.36%. The forward dividend yield of Lloyds Banking Group PLC stocks is 6.33%.

On Nov. 7 Lloyds Banking Group PLC announced that it has entered into a strategic partnership with Thought Machine, a fintech company. The partnership aims to accelerate the digital transformation of the bank’s business and Thought Machine weeks to provide innovative banking technology to the group.

Disclosure: I do not own stock in any of the companies mentioned in the article.