AT&T's performance has shown positive momentum with solid Q3 2024 results, notably strong wireless growth, and earnings surpassing estimates. A robust financial health is shown by steady subscriber additions and dividends declared on common and preferred shares. Despite revenue falling short, the company's financial performance remains attractive to investors, serving as a good stock for beginners. A renewed focus seems to have turned AT&T's stock around, contributing to its rise and positive retail mood. Its CEO believes the Federal Reserve cuts would make their stock more attractive, and many analysts echo the sentiment, remaining bullish towards AT&T at the moment. However, factors like interest rate worries have caused turbulence. A disclosed hack affecting customers has temporarily pulled the stock down, but its 5% yielding dividend still appeals to passive income seekers. Striking deals, including a Nokia partnership and selling the stake in DirecTV, might pivot AT&T's future, but the market currently views AT&T and Verizon's dividends with caution, given market volatility. Overall, despite some setbacks, AT&T shows potential for higher gains this year and beyond.
Att Stocks News Analytics from Fri, 29 Mar 2024 20:47:29 GMT to Fri, 25 Oct 2024 11:45:00 GMT -
Rating 6
- Innovation 3
- Information 7
- Rumor 4
