When it comes to a socially-distanced 2020, investors haven’t embraced AT&T (NYSE:T). But is now a good time to reconnect with a doggish AT&T stock? Let’s look at some of what is happening off and on the price chart to reach a more balanced, risk-adjusted determination.
As InvestorPlace’s Dana Blankenhorn makes the case, all is not lost for AT&T. Under new management, the company has the opportunity to reduce debt by selling select entertainment assets that obviously aren’t working. There’s no emotional attachment and AT&T can smartly refocus on its proven wireless and network businesses which now have a long growth runway with the 5G revolution just underway. Still, today’s T isn’t exactly a widows and orphans’ investment. It’s not.
Source: InvestorPlace
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