2024-04-08 05:06:28 ET
Summary
- AT&T has transformed itself by shedding non-core assets and cutting costs, making it a more focused and streamlined wireless provider.
- The stock has rebounded from its low levels and is poised to break out to new 52-week highs.
- Earnings estimates imply a low price to earnings ratio and the company's dividend yield is attractive, especially as interest rates decline.
I last wrote about AT&T ( T ) back in 2014, and I suggested buying a pullback in the stock when it was trading for about $24. The stock ended up going to around $33 in 2016, and I sold my shares. Now I see another opportunity to buy this stock. This company has been dealing with many challenges over the past few years and until fairly recently, the stock has been in a major downtrend. However, I now believe it is once again an ideal time to be accumulating this stock on pullbacks....
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AT&T: Uptrending With A 6.4% Yield, This Is A Buy-Every-Dip Stock