Beware: AT&T Stock Isn't as Cheap as It Looks
On the surface, AT&T (NYSE: T) stock has a number of attractive qualities.
It offers a dividend yield of 6.1% and trades at a price-to-earnings ratio of just 7.5. As one of just three large telecom operators in the country, AT&T is also highly profitable.
In its most recent quarter, the company generated $6 billion in net income on $30 billion in revenue, a reflection of its highly profitable mobility business and its status in an industry with high barriers to entry.
Source Fool.com
