AT&T has recently declared dividends on both common and preferred shares, indicating a sound financial performance. Many investors have been buying AT&T shares, with
Gradient Investments LLC and
Blue Trust Inc adding thousands to their portfolios. The stock's dividends have been a significant appeal, with multiple reports suggesting it as ideal for dividend-seeking investors and retirees. Additionally, AT&T's wireless subscriber adds and free cash flow growth have surpassed estimates. However, AT&T's shares have experienced their longest losing streak in over three years. Ahead of Q2 earnings, analysts have expressed mixed predictions, with acquisition by billionaires implying the stock's potential recovery. Other telecom giant earnings like T-Mobile have outperformed AT&T and Verizon, fueling competition. Concerningly, AT&T has also suffered a massive data breach impacting its cell customers' calls and text records, causing the stock to slide. Despite these setbacks, some Wall Street analysts believe AT&T's stock has a 25% upside and is worth considering for 2024 investment. The telecom giant's stock, however, shows red flags as it nears its recent peak, causing investors to exercise caution.
Att Stocks News Analytics from Thu, 19 Oct 2023 07:00:00 GMT to Sun, 18 Aug 2024 14:09:38 GMT -
Rating -2
- Innovation 3
- Information 6
- Rumor -3
