AT&T Stock Is a Buy for This Reason

The last few years have been a miserable time to own AT&T (T 0.36%) stock. Thanks largely to its dividend income, AT&T investors earned a total return of just 13% over the last five years, a span when the S&P 500 drove total gains of nearly 110%. Additionally, the company faces considerable financial challenges because it has to spend heavily to remain competitive with Verizon Communications and T-Mobile.Nonetheless, AT&T has reached a point where it has become too compelling to ignore, and one factor likel ...