Is AT&T Stock a Buy Now?
AT (NYSE: T) has quietly emerged as an impressive turnaround story. Compared to a challenging last couple of years pressured by disappointing earnings and soft trends from the wireless business, the latest results have presented an improving outlook. The stock is up 34% over the past year, currently trading at a multi-year high.
Oftentimes into a sharp rally, investors may wonder how much more upside shares can offer or whether it's too late to jump in. Could AT stock be a good addition to your portfolio now? Let's explore several reasons to stay bullish on this high-yield telecom leader.
It's been just over two years since AT completed one of the largest restructuring efforts in its history, spinning off the WarnerMedia group back in 2022. The deal marked a turning point for the company, moving away from investments in entertainment to refocus efforts on its telecom strengths.
Source Fool.com
