AT&T: A Strong Buy Gift with 6 P/E and 7% Dividend (NYSE:T)

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Source: Seeking Alpha
AT&T: A Strong Buy Gift with 6 P/E and 7% Dividend (NYSE:T)
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TL;DR Summary

AT&T's stock is exceptionally cheap with a 6.4 P/E ratio and a 7% dividend, making it a strong buy with limited downside risk and substantial upside potential. The company has invested $140 billion in American infrastructure in the past five years and is the most extensive fiber internet provider while enhancing America's "most reliable" 5G network. AT&T is paying down debt to secure growth and maintain its dividend. However, a management shake-up is needed to improve efficiency, growth, and profitability. The stock could triple in the coming years with mild EPS growth and multiple expansion.

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