Why AT&T Stock Jumped Today

Shares of AT&T (NYSE: T) rallied on Thursday following bullish analyst remarks. As of 1:10 p.m. ET, the telecom giant's stock price was up more than 7%.

It's been a painful year for AT&T's shareholders. But that may be about to change.

So says Morgan Stanley analyst Simon Flannery. Flannery placed an overweight rating on AT&T's stock on Thursday. With its share price down more than 20% in 2021 as of the market close on Tuesday, Flannery believes the dividend stock now represents an attractive profit opportunity for investors.

Source Fool.com