Reported about 1 year ago
Billionaires are purchasing undervalued AT&T stock, with hedge funds like Point72 and Renaissance Technologies increasing their holdings. Despite AT&T's recent challenges, such as declining wireline subscribers and equipment sales, there are positive signs like a high 5.9% yield, improving 5G infrastructure investments, and debt reduction goals. While The Motley Fool suggests caution and presents alternative stock options, long-term investors may find it beneficial to consider adding AT&T shares to their portfolios.
Source: YAHOO