T - Turning The Ship At AT&T
2024-07-07 21:40:22 ET
Summary
- AT&T has had a phenomenal last 12 months, handily beating the S&P 500's performance on a total return basis.
- The company has worked diligently to reduce its debt burden, with more to come in the future.
- Despite a strong 12 months, the stock remains relatively inexpensive on a forward earnings basis.
A Brighter Day?
We first covered AT&T ( T ) on July 18, 2023 ( you can read that article here ). At the time, we were optimistic about AT&T's ability to perform better than what the swirl of negative headlines around them would indicate. As luck would have it, the day we published the article was the same day the stock tagged a 20-year low of $13.43....
Turning The Ship At AT&T