Why AT&T Is A Bargain You Shouldn’t Ignore Right Now

Summary:

  • AT&T, one of the world’s telecommunications leaders, has continued to come under pressure from short sellers over the past few quarters.
  • Currently, the company’s Non-GAAP P/E [TTM] stands at 5.96x, which is 52.04% lower than the sector average and 26.44% lower than the average over the past five years.
  • AT&T, alongside Verizon Communications, has been at the forefront of advancing 5G technology and holds a significant position in the ongoing expansion of the fiber optic network across the USA.
  • We initiate our coverage of AT&T stock with an “outperform” rating for the next 12 months.

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AT&T (NYSE:T) is one of the global telecommunications leaders headquartered in Dallas, which, after selling Warner Media to Discovery for more than forty billion dollars, has focused its business on providing wireless communications, broadband, and digital


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.

This article may not take into account all the risks and catalysts for the stocks described in it. Any part of this analytical article is provided for informational purposes only, and does not constitute an individual investment recommendation, investment idea, advice, offer to buy or sell securities, or other financial instruments. The completeness and accuracy of the information in the analytical article are not guaranteed. If any fundamental criteria or events change in the future, I do not assume any obligation to update this article.

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