AT&T Stock Rallies on Buyback Program, Growth Expectations

Shares of AT&T Inc (NYSE:T) are trading at three-year highs today, up 4.2% at $23.66 at last check, after the company announced a $20 billion share buyback and expectations of earnings growth over the next three years. Since the start of the year, T is up 41.1%, with many attributing the gains to CEO John Stankey's decision to dump media assets and return to roots in telecommunications. AT&T stock posted its seventh-straight monthly gain in November, with close support from the 60-day moving average since M ...