I am bullish on AT&T Inc. (T) as it offers a healthy dividend yield and stable cash flows from operations. Given the recent turn of events, T has been provided with ample opportunities to expand its wireless business in international markets. With the company's new initiatives, I am expecting favorable growth in revenue and EPS. Furthermore, the company is trading at the bottom end of its 52-week range, and based on my price target it has the potential for an 11.5% price appreciation.
The company has always been popular among retirement and income accounts due to its strong dividend yield and long history of dividend payments. I also believe that wireless technology still has the potential to drive growth, and it will continue to play an essential part in the company's growth. The company has deep pockets, so infrastructure and network build-up is not a worrying sign. Therefore, I believe the company provides an excellent opportunity for investors to maximize their returns through dividends and multiple expansions.
Source: Seeking Alpha
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