AT&T Stock: Upside Potential Is Still There

Justin SullivanIntroduction In early November 2023, I published an article here on Seeking Alpha about AT&T Inc. (NYSE:T) stock with a 'Buy' rating, noting that the company's financial position and FCF generation prospects looked excellent. I also had a DDM model that said the stock was ~18% undervalued at the time. More than 3 months have passed since then, and AT&T stock has gained almost 12% in that time (the total return price), which is lower than the return of the S&P 500 (SPX), but still a pretty ...