AT&T Stock has been a controversial topic among investors, oscillating between its solid performance and potential risks. It has been deemed as a
buy due to its robust dividend payouts and promise of steady gains. Some billionaires are purchasing the 6% yielding stock while others disregard it. Its dividends, strong free cash flow, and wireless subscriber additions have beat estimates, enhancing its attractiveness. However, it recently encountered the longest losing streak in over three years. A sizable data breach adversely impacted AT&T's stock, yet there was positive sentiment towards it following an
increase in subscriber additions. While the company’s stock dipped slightly, questions arose concerning the dependability of its 5.8% dividend yield. Comparisons to
Verizon have been inevitable, but AT&T’s upward-moving postpaid phone business and positive Q2 earnings instilled investor confidence. The company was hit by a hack that caused share prices to decrease. AT&T remained a significant telecom player in the earnings season despite pointing to red flags as the stock neared its recent peak. Its addition of nearly 997,000 wireless customers in Q2 further solidified its standing. Nevertheless, investors are questioning its future after a hacking incident. The company's upswing led Goldman to assign new 'Buy' ratings to it. Eventually, AT&T is regarded by some as a contrarian bet for 2024, projecting its steady rise despite its challenges.
Att Stocks News Analytics from Thu, 19 Oct 2023 07:00:00 GMT to Sat, 31 Aug 2024 07:11:00 GMT -
Rating 6
- Innovation 2
- Information 7
- Rumor -2
