AT&T: Back On The Right Track
- AT&T, a former dividend aristocrat, cut its dividend in 2022 after announcing a spin-off.
- The dividend cut was necessary for the company to continue its path to growth and free up capital.
- AT&T has been taking steps to improve its position and is worth considering for investment.
- Due to expected slower growth in 1H of '24 and the restart of student loan repayments, AT&T could see a decline in phone net adds over the next few quarters.
- I believe investors with a long-term outlook get almost 70% upside to its high price target.
https://seekingalpha.com/article/4638757-att-back-on-right-track