Thinking of Buying AT&T Stock? Here's What You Need to Know
AT&T (NYSE: T) appears on the radar of many investors because of its attractive dividend, which currently yields a lofty 7%. Its long history also provides a measure of security for shareholders. And wireless access today is a nearly indispensable service.
The telecom giant consistently produces billions of dollars in revenue and free cash flow, but it's also burdened by challenges. Here's what you need to know before deciding to invest in AT&T.
AT&T's fortunes have suffered of late. It spent billions building a media empire through the purchases of DIRECTV and then Time Warner (now called WarnerMedia) -- amassing significant debt in the process. It was weighted down with more than $160 billion in debt at the end of 2020's first quarter. It added another $5.5 billion loan to its debt burden in April to give itself financial flexibility in the face of the COVID-19 pandemic.
Source Fool.com
