International Telephone & Telegraph Stock: A Complete Guide

International Telephone & Telegraph Corporation (ITT) was a multinational telecommunications and electronics company. Here's a comprehensive guide to its stock performance and history:

Company Overview

ITT was founded in 1920 and was once one of the largest telecommunications companies in the world. It had a presence in over 100 countries and employed over 500,000 people. The company's core businesses included providing telecommunications services, manufacturing telecommunications equipment, and developing electronic components.

Stock Performance

ITT's stock was publicly traded on the New York Stock Exchange under the symbol "ITT." The stock has a long and volatile trading history, with its highest price reaching over $100 per share in the 1960s. However, the stock has declined significantly over the years and is now trading at less than $1 per share.

Factors Affecting Stock Performance

Several factors have contributed to ITT's declining stock performance. These include:

Competition from newer telecommunications companies
Technological advancements that made ITT's products obsolete
The company's involvement in several scandals and controversies
Breakup of the company in 1984 into three separate companies

Recent Developments

In 2016, ITT's successor companies, ITT Inc. and Exelis, merged to form L3 Technologies. L3 Technologies is now a leading provider of defense and security solutions. The company's stock is traded on the New York Stock Exchange under the symbol "LLL."

Investment Considerations

Given ITT's long history of decline, it is important to proceed with caution when considering investing in the company's stock. Some factors to consider include:

The company's current financial position
The competitive landscape of the telecommunications industry
The potential for future growth and profitability
Investors should also be aware of the risks associated with investing in any stock, including the possibility of losing their entire investment.

Conclusion

ITT was once a dominant force in the telecommunications industry. However, the company has faced numerous challenges over the years and its stock has declined significantly. Investors should carefully consider all of the factors discussed above before making a decision about whether to invest in ITT's stock.

Key Financial Figures

Historical Stock Prices

Frequently Asked Questions

Q: What is ITT's business?
A: ITT is a leading provider of defense and security solutions.

Q: Where is ITT's stock traded?
A: ITT's stock is traded on the New York Stock Exchange under the symbol "LLL."

Q: What are the risks of investing in ITT's stock?
A: The risks of investing in ITT's stock include the possibility of losing your entire investment.