AT&T: Upward Momentum Unlikely To Last, Still A Compelling Dividend Buy

Klaus Vedfelt T's Dividend Investment Thesis Remains Rich As The Fed Likely Commences Its Rate Cut We previously covered AT&T (NYSE:T) in May 2024, discussing why we had maintained our Buy rating, thanks to its robust dividend investment thesis attributed to the stable profitability, rich yields, and reiterated FY2024 FCF guidance. Combined with the improving balance sheet, the management's guidance of lower vendor financing payments, and the intensified fiber expansion/ wireless network transformation  ...