AT&T: A Strong Yield, Selling At A Discount

Summary:

• AT&T’s recent stock dip offers a buying opportunity, supported by strong Fiber Broadband growth and a promising free cash flow outlook.
• The Telco’s aggressive Fiber expansion aims to increase Fiber-ready locations from 29 million in 2024 to over 50 million by 2029.
• AT&T’s free cash flow is projected to grow by $1 billion annually until 2027, bolstering dividends, buybacks, and financial flexibility.
• Despite past debt issues, AT&T’s focus on Fiber and deleveraging enhances its value proposition, making it attractive for passive income investors.

The stock price of AT&T Inc. (NYSE:T) dipped last week which I think passive income investors can use as an entry opportunity in the Telco’s stock.

In my previous piece on AT&T, I argued that AT&T was profiting from

Analyst’s Disclosure: I/we have a beneficial long position in the shares of T either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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