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NYSE:T
This summary was created by AI, based on 3 opinions in the last 12 months.
AT&T, represented by the symbol T-N, is currently experiencing a challenging phase in the market, as highlighted by several experts. The stock has fallen below its 200-day moving average, indicating a deeper struggle within its long-term downtrend. However, there are signs of potential improvement, as one expert sees opportunities for gradual investment if the stock does not drop below its January lows of $23. A decisive break above the highs around $26.50 could present a more favorable outlook, encouraging further investment. The company is currently offering a yield of 4.4%, but the rising interest rates might create additional hurdles due to AT&T's debt. While it may appear undervalued, experts caution that its lack of growth could limit any substantial upside in the near future.
Telco sector has lagged from the March lows. More of a value and dividend play. Yield now is 7.8%, and is that sustainable? He owns Verizon.
T vs. VZ Dividend stocks are much more valuable in low interest rate environments. He'd go with Verizon. Do you want to just go for the very high dividend? This could be a red flag. Could be at risk, and wiped out with capital loss on the stock side.
The dividend jumps out, currently 7%, which is attractive, though keep in mind this is a US stock, so Canadians will be taxed on part of this. ATT will protect that dividend. ATT is known as a consistent cash generator. He's less thrilled with the business though--the competition from streamers from Netflix et al is extreme and they're losing. So, the stock could deteriorate while the dividend stays at 7%. He's neutral about ATT.