Is It Too Late to Buy AT&T Stock?
There is no segment of the stock market that performed worse this year than the communications sector. Year to date, fixed-line, wireless telecom, broadband, and cable operators have collectively cratered over 38% in 2022, according to data from Fidelity, while also lagging behind everyone over the past three-, five-, and 10-year time periods.
Yet one telecom has bucked the trend: AT&T (NYSE: T). There are a handful of peers that are doing better -- T-Mobile (NASDAQ: TMUS) is up 24% this year, for instance. However, AT&T has been on a bit of a rollercoaster ride after the spinoff and merger of its entertainment division into Warner Bros. Discovery in April. Ultimately, AT&T's stock has recovered from most of its losses throughout 2022, dipping only 0.5% year to date.
In fact, the stock now sits 30% above the low point it hit in mid-October. With that in mind, here's a closer look at what we might expect from the telecommunications stock heading into 2023 and beyond.
Source Fool.com
