Is AT&T Stock a Good Long-Term Investment?
What a difference a year has made for AT (NYSE: T). In November 2023, the stock sank to $15.46, a 52-week low. But on Friday, shares reached a 52-week high of $22.73. The price rise is a reflection of the positive investor attention that AT is attracting after its multi-year strategic pivot away from its failed attempt to build an entertainment empire.
The stock is up by more than 30% so far this year. But is this a good time to buy AT for the long haul?
One factor driving AT's stock price rebound is its strength in attracting customers. In the third quarter, it added 403,000 postpaid phone subscribers -- the telecom industry's most valuable customer segment. It was the 17th consecutive quarter of net growth in postpaid phone subscribers since John Stankey took over as CEO in the summer of 2020.
Source Fool.com
