Is AT&T a Buy?
The stock has sprung to life after a lackluster decade, soaring nearly 60% over the past year.
U.S. telecommunications giant AT&T (NYSE: T) has lulled investors to sleep with its poor performance over most of the past decade. But the stock has enjoyed a face-ripping rally over the past year, surging nearly 60% at the time of this writing. Suddenly, AT&T is a market-beating winner.
Some of the credit for that turnaround goes to the company, which has worked through a cumbersome debt load and failed acquisitions to return to its roots as a telecommunication-focused company. The company also rightsized its dividend a few years back, freeing up cash flow, and still offers a 4.1% yield today.
So, is the stock a buy? I dove into the numbers to determine whether AT&T can stay hot, and I've shared that below. AT&T's appeal ultimately depends on you. Here is what you need to know.
