2024-04-25 07:32:09 ET
Summary
- T stock is undervalued and has the potential for significant upside.
- Q1 financial results fell short of expectations, but growth areas such as subscriber numbers and broadband revenue offset weak spots.
- Despite missing forecasts, AT&T's profitability metrics improved, and the company remains on track to reduce debt and achieve its forecasts for the year.
Those who follow my work closely know that one of my favorite companies happens to be telecommunications conglomerate AT&T ( T ). As of this writing, it's actually the third-largest holding in my portfolio, accounting for 13.9% of total assets. Why are my total return on my investment could be better, I don't mind collecting the nearly 7% yield that I get on my shares. However, it's my view that the stock is significantly undervalued and deserves to move up materially from where it's at....
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AT&T: Despite A Painful Miss, Shares Are Trading At A Deep Discount