AT&T Inc.'s stock fell 3% early Friday, after the telecommunications giant said hackers unlawfully accessed and copied call logs containing records of customer calls and texts from the period stretching from May 1 to Oct. 31, 2022, as well as on Jan. 2, 2023.
U.S. phone giant AT&T confirmed Friday it will begin notifying millions of consumers about a fresh data breach that allowed cybercriminals to steal the phone records of “nearly all” of its customers, a company spokesperson told TechCrunch.
AT&T (T) appears to be treading in the middle of the road and investors could be better off if they trade with caution.
AT&T (NYSE: T) stock price has staged a strong comeback in the past few months, making it one of the best telecom companies in the US. It bottomed at $12.75 in July last year to almost $20 today.
I have been bullish and invested in AT&T since late December last year. The run-up in T's price introduces a concern about exhausted upside. Looking at the fundamentals, I see a clear case for remaining bullish.
T stock may have reached an inflection point with improving cash flow and strengthening market position. The current competitive landscape shows stabilization and improvement in market share for T with its cost-effective plans and reliable network. Despite some risks, T stock remains a deep-value play with a compressed valuation, high dividend yield, and improving fundamentals.
AT&T offers an ultra-high dividend yield at recent prices. The telecom giant slashed its dividend payout in 2022 to account for the spinoff of its media assets.
AT&T has had a phenomenal last 12 months, handily beating the S&P 500's performance on a total return basis. The company has worked diligently to reduce its debt burden, with more to come in the future. Despite a strong 12 months, the stock remains relatively inexpensive on a forward earnings basis.
Warner Bros. Discovery, which was formed in 2022 from the merger of AT&T's WarnerMedia and Discovery Communications, has agreed to pay $125 million to settle a shareholder lawsuit over the deal.
AT&T's free cash flow is close to double its dividend obligation. The telecom giant knocked $6 billion off its debt in the past four quarters.
The wireless telecom sector is heating up.
AT&T Inc T soared to a new 52-week high of $19.32 during day trading on July 1, showcasing a robust upward trajectory.