AT&T (NYSE: T) has been criticized for its acquisitions and related debt accumulation in recent years. The telecom giant's detractors have a point. High debt is a challenging position for any company, particularly now due to the COVID-19 pandemic.
Even so, AT&T's business possesses many compelling qualities. The stock hovers around $30 per share at the time of this writing, well below its 52-week high of $39.70. So does it make sense to buy shares? Let's examine the company's pros and cons to shed light on whether it is a worthwhile investment.
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