Should You Buy AT&T Stock Before July 22?
The telecom giant reports earnings in a few weeks.
Overview
Shares of AT&T (NYSE: T) have been under pressure this year, down 17%. The stock is trading near its 52-week low despite the company's recent financial performance being strong. Concerns about Space Exploration Technologies (also known as Spacex) taking market share and luring away customers with Starlink appear to be weighing on the telecom stock of late.
Earnings are on deck for AT&T, with the company's second-quarter numbers due to come out on July 22, which could calm investors' fears. Could it be a good time to buy the stock before then, while its valuation is low and its yield is high, at around 5.4%?
Details
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.