The recent developments around
AT&T (NYSE:T) have been stirring interest among investors. Considered by many as an
undervalued dividend stock, AT&T's shares have seen a notable surge with its Q4 profit soaring. Increased positions by major asset management firms and organizations like Tectonic Advisors, Tobam, Fairvoy, and Yousif Capital Management further solidify this positive sentiment. An expected announcement about a
stock buyback boosts this feeling, even as some holdings were reduced and some analysts downgraded AT&T. The telecom's stock hit a
52-week high at $24.04, indicating strong gains. Notably, its wireless subscriber additions and earnings surpassed estimates, sparking a price rise. However, AT&T isn’t without market competition. Discussions on whether
Verizon might be a better dividend stock are ongoing among experts. Despite some shares being sold, many are considering adding AT&T to their dividend portfolios. Even with price fluctuations, the general sentiment seems to be leaning towards buying rather than selling. The telecom giant announced dividends on common and preferred shares. It's equally important to note that a
Supreme Court decision affected telecom stocks, including AT&T, but whether that's a long-term concern remains to be seen.
Att Stocks News Analytics from Fri, 27 Sep 2024 20:51:40 GMT to Sat, 08 Feb 2025 11:19:46 GMT -
Rating 8
- Innovation 8
- Rumor 7
