AT&T has gained noticeable attention in the market, witnessing its stock soaring to a 52-week high as it hit $27.16, attributed to impressive returns and robust gains. The company's stock presented a considerable uptrend, up 9.2% after the recent earnings report, impressing various institutional investors such as the Illinois Municipal Retirement Fund and the Mutual of America Capital Management LLC, noticeably increasing their respective holdings. This positive scenario may hint at a potential mass buyback. More so, discussions argue whether now is a great time to invest in AT&T for high-yield dividends. Major investors including the Bank of New York Mellon Corp, IFP Advisors Inc, and Oppenheimer & Co Inc, have sizeably increased their investments in AT&T. AT&T's dividends on common and preferred shares reaffirm its attractive portfolio for income-seeking investors. Nevertheless, the stock is perceived differently, with suggestions to take money off the table or to hold off, citing potential tech and telecom implosions in Q1. Despite this, AT&T continues to reflect confidence in their growth story, having declared operational excellence and expecting stronger earnings and free cash flow.
Att Stocks News Analytics from Wed, 26 Jun 2024 20:14:05 GMT to Sat, 01 Mar 2025 10:57:58 GMT -
Rating 7
- Innovation 6
- Information 8
- Rumor 5
