Where Will AT&T Be in 5 Years?
Could this finally be AT&T's (NYSE: T) time? The telecom giant has spent several years and tens of billions of dollars to build a nationwide 5G network. Now, the move by major smartphone manufacturers to start selling 5G-compatible phones will more than likely increase 5G demand.
However, long-term holders have seen little in the way of non-dividend gains in this telecom stock in decades. Consequently, the company could need more than the tremendous potential of 5G to overcome this hurdle. Let's take a closer look to see where AT&T stock stands.
The current century has not treated AT&T stock kindly. At about $29 per share, the stock sells at levels first seen in 1995! Now, 20 years after the dot-com bubble burst, it trades at approximately half its peak during that boom.
Source Fool.com
