Where Will AT&T Stock Be in 1 Year?

AT's (NYSE: T) stock rallied nearly 7% on Oct. 19 after the telecom giant posted its third-quarter earnings report. Its revenue rose 1% year over year to $30.35 billion and surpassed analysts' estimates by $110 million. Its adjusted EPS dipped 6% to $0.64, but still cleared the consensus forecast by two cents.

AT's growth rates might seem unimpressive, but its business is finally stabilizing following its spin-offs of DirecTV and Warner Bros. Discovery. Those divestments, which closed over the past two years, enabled AT to strengthen its core telecom business and return more of its cash to its investors.

Image source: AT

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