AT&T's shares reached a 52-week high in 2024, yet its valuation remains low compared to major rivals. The veteran telecom is on an upswing from a multiyear turnaround. What a difference a year makes for telecom giant AT&T (T 0.71%). Its stock price rose in recent months, reaching a 52-week high of $19.32 on July 1.
Should you buy AT&T stock?
With rising FCF and lower debt, AT&T is positioned to maintain its hefty dividend, another key reason to own shares. While the company has not raised its dividend in the past few years, it still sports an attractive yield of 5.6% at the stock's current price.
Why did AT&T stock rise in recent months?
Its stock price rose in recent months, reaching a 52-week high of $19.32 on July 1. The stock's surge is a reversal from last July's 52-week low of $13.43. Part of the credit for the share price gains is due to analyst upgrades. JPMorgan, Goldman Sachs, and Barclays were among those upgrading AT&T stock this year.
