T - 3 Red Flags for AT&T's Future
AT&T (NYSE: T) has been a frustrating stock to own for most investors. The telecom giant's debt-fueled expansion into the satellite TV and media markets, along with the sluggish growth of its wireless business, caused its stock price to decline more than 40% over the past five years.
But over the past year, a few green shoots appeared . AT&T gradually reduced its leverage by selling 30% of DirecTV, spinning off WarnerMedia through a merger with Discovery (NASDAQ: DISCA) (NASDAQ: DISCK) , and divesting its other non-core assets to raise fresh cash. Its stock also briefly rallied last month as rising interest rates caused investors to favor value stocks again.
Image source: AT&T.
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3 Red Flags for AT&T's Future