AT&T: Still Dirt Cheap While Boasting A High Dividend Yield (Rating Upgrade)

Summary:

  • AT&T investors who bought T’s long-term lows in July 2023 have done remarkably well.
  • AT&T should see improved performances this year, lifting buying sentiments.
  • AT&T’s ability to control costs while building its fiber infrastructure has demonstrated its execution prowess.
  • With a dividend yield exceeding 6%, it should attract more income investors to return as the Fed cuts rates this year.
  • I explain why T’s rally looks set to carry on, bolstered by its dirt-cheap valuation.

AT&T Store in New York City

Anne Czichos

AT&T Inc. (NYSE:T) investors have done incredibly well since T bottomed out in July 2023 (remember the days when fears of lead-sheathed cables dominated?). Panic sellers bailed out in droves, unduly worried about potential multi-billion liabilities. However, dip-buyers returned with a vengeance, picking


Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. 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.

Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.


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