AT&T: Bottom Appears Set

Oct. 26, 2022 6:00 AM ETAT&T Inc. (T) StockT26 Comments

Summary

  • AT&T reported a solid Q3'22 earnings report with the company hiking EPS targets for the year to $2.50.
  • The wireless giant could become a huge cash flow machine again on a reduction of 5G capital spending in the sector.
  • The stock has potential upside to the mid-$20s and a solid 6.4% dividend yield in the meantime.
  • Looking for a helping hand in the market? Members of Out Fox The Street get exclusive ideas and guidance to navigate any climate. Learn More »

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Investors haven't liked our view on AT&T (NYSE:T) for going on a couple of years now, but the call was very accurate with the stock falling below $15 recently. After a surprisingly solid

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