2024-03-20 09:15:00 ET
Telecom giant AT&T (NYSE: T) has seemingly hung around the $20 mark for years. Today, shares are trading hands at $17. The stock has underperformed the S&P 500 due to a bloated balance sheet and lack of earnings growth.
However, things could finally be looking up. AT&T is slimming down and focusing on what it does best: telecommunications. It also cut the dividend enough to free up cash to help pay down debt.
Is this enough to move the stock higher? Should investors buy the stock while it's under $20 per share? Here are three things you must know to decide.
For further details see:
Should You Buy AT&T While It's Below $20?