
NYSE:T
This summary was created by AI, based on 3 opinions in the last 12 months.
AT&T (T-N) is currently facing challenges, evidenced by its stock falling below the 200-day moving average, which is also on a downward trend. Analysts are cautiously optimistic about the potential for the stock to turn around from its long-term downtrend, with some suggesting that small investments could be made as long as it remains above the January lows of $23. A breakout above the recent high of approximately $26.50 could indicate a more favorable outlook, allowing investors to add to their positions. However, the current economic environment, particularly the potential rise in interest rates, poses a risk due to AT&T's substantial debt. Despite being perceived as undervalued, the company is struggling with growth prospects, and some analysts recommend diversifying into pipeline stocks for better inflation protection. The current yield of 4.4% may be attractive, but long-term growth remains a concern.
They cut the dividend recently and announced a material transaction where they spin off their streaming assets to pay down debt. Don't ever, ever buy a stock for its dividend. You need to focus on the debt and the future of the business. He is not keen on this company. The best way to own 5G is to own AAPL-Q.
Reports Thursday. Likes it as a ballast in his portfolio. Their 5G spending is moderating. Has been unloved for a while, but they will beat earnings this year.